Pension Options - please advise

S

sandra1

Registered User
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47
Hi,

I have been made redundant in August. I have pension plan with IrishLife in my previous company.
I have started a new job and want to start pension plan - they offer Zyrich.
There are 2 leaving options that I could choose from:
1. Deferment Option (leave in the current plan)
2. Transfer Option (transfer to new employer)

What I should do?

Thank you in advance.
 
There's actually more than two options. See [broken link removed].

Having all your funds in one place is neat, tidy and easy to track. But before making a decision on whether or not to transfer one fund into another, the current home and the prospective new home should be compared using the following criteria: -

  • Choice of funds and their suitability for your requirements
  • Charges
  • Options at retirement
  • Any implications for the vesting period in the new scheme if it accepts a transfer in from another scheme
Ask the Zurich representative / broker to compare leaving the fund in Irish Life with transferring to Zurich using the above four headings.

Liam D. Ferguson
 
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