Paul O Mahoney
Registered User
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I've just received a letter informing me that an old pension I have, and forgot about will be wound up on the 31st of May 2021.
Last time I looked at its value a few months ago it was 30k.
The PRB will be with Irish Life with a AMC of .5% (50bps).
I have no paye taxable income , no social welfare , other than rental income which is in joint names and taxed accordingly via Form 11.
I'm 54 and probably won't work for money again as I'm a cancer survivor and some of my faculties don't function properly. My wife maximises her pension and there is a small 2% "spouses pension " included in her monthly contributions which doesn't attract tax relief....might be wrong.
I might survive another 5 yrs, 10 , 20 who knows it's been 7 since I went into full remission but I still have tumors that might regrow.
Question is what will I do with this few bob?
I presume I can simply leave it there but paying anything by way of charges on my money is alien to me.
I left the company in 2002 after 3 yrs at Snr Management level and from memory my final salary before bonus was about €45k which was the basis of contributions.
Sorry if this is a bit all over the place but any advice would be appreciated.
Paul
Last time I looked at its value a few months ago it was 30k.
The PRB will be with Irish Life with a AMC of .5% (50bps).
I have no paye taxable income , no social welfare , other than rental income which is in joint names and taxed accordingly via Form 11.
I'm 54 and probably won't work for money again as I'm a cancer survivor and some of my faculties don't function properly. My wife maximises her pension and there is a small 2% "spouses pension " included in her monthly contributions which doesn't attract tax relief....might be wrong.
I might survive another 5 yrs, 10 , 20 who knows it's been 7 since I went into full remission but I still have tumors that might regrow.
Question is what will I do with this few bob?
I presume I can simply leave it there but paying anything by way of charges on my money is alien to me.
I left the company in 2002 after 3 yrs at Snr Management level and from memory my final salary before bonus was about €45k which was the basis of contributions.
Sorry if this is a bit all over the place but any advice would be appreciated.
Paul