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I noticed that there is now an online form CF83. Has anyone used this or can offer an opinion on whether it is better to go the online route or the pen and paper way e.g. does it allow adding additional details? etc

Processing seems to have ground to a standstill. I took the first screeshot on 8 Jan and the second today.

I understand that you can take 25% of a pension fund out as a tax-free lump sum (subject to a maximum), but I'm a bit confused as to when you can do this. This is a bit of a hypothetical, but say I have 800k in two PRBs (the first is worth 700k, the second 100k). I plan to retire and take 200k...

The payback period is a good way of evaluating if it is worth buying NICs, but I think a better way is to look at how much it would cost to buy an annuity that provided the level of income of the pension with guaranteed uplifts. I've seen estimates in the region of 250k for a full UK pension.

When you say you cashed out your contributions, I take it you mean that you cashed out contributions to an occupational pension scheme? I did something similar; I worked as a Civil Servant for a couple of years and I (foolishly) took a refund of my contributions when I left. Anyway, none of that...

Thanks folks, may I ask, how long did it take from posting it to it showing up on the system. I posted mine by registered mail two weeks ago and its not showing up on the system yet. On the An Post tracking the last update is Left Dublin Mail Centre on 20 April. Lost?

I know there is a long wait from the time the CF83 is submitted and it is processed, but should I expect it to show up as a submitted form in the Check Progress page on my Gov.uk account?

I lived and worked in the UK for just over 2 years between 1987 and 1989, so this doesn't apply to me - or so I thought! But I went through the process of getting the Government Gateway User ID and looked up my N.I. record - and it says I have 5 years of full contributions. Now, there's...

Has anyone been through this process? I spent about 2 1/2 years in the UK back in the late 90's and would have paid some NI for most of it. I'm a little short on PRSI contributions now (partially as a result of my stint abroad, partially as a result of spending some time in the Civil Service...

Yeah, that's a consideration. My retirement date is a good few years out yet, but given how annuity rates have been and how low returns on bonds have been, it's hard to see any other solution that doesn't have exposure to equity markets. I plan to retire early and live for a long time, so...

Thanks for the info. My plan would be to retire early at 60 taking around the 4% from my ARF as a retirement income and using the lump sum to fill the gap until my state pension kicks in. I'd also set some of it aside for unforeseen expenses or to help the kids out with money towards deposits...

Say I have an ARF with a value of 800k and this allows me to take a tax free lump sum of 200k. Do I have to take this as one lump sum at retirement or can I take the 200k in smaller lumps over time? If I plan to retire at 60, could I take 20 'lump sums' of 10k each between the age of 60 and 80?

I've moved off the back of the envelope and into a spreadsheet, but to be honest, over what I hope to be a very long retirement, the numbers vary dramatically when I plug in different expected growth rates and different inflation rates. Inflation has been particularly low over the last number...

Unless returns on the fund are very healthy and inflation is very low, then taking 4% p/a results in an ever depleting pension income e.g. a fund of 1m will pay 40k in year 1, but by year 15 it only pays about 22k (with zero growth) or about 34k (with 3% growth); neither of these figures...

Thanks for the replies - very useful. It's only when I put it into a spreadsheet that it becomes very apparent that an ARF will either give you a great income forever or be depleted quite quickly or give you an ever reducing income, depending on its investment growth rate. Is there a growth...

I'd very much like to retire at 60 (and hopefully enjoy a retirement of >25 years), so taking 4% might be risky, but I understand that Revenue will deem that you have taken 4% for tax purposes, so it isn't efficient to take less? As to what amount would be 'sufficient'; that's a difficult one...

I'm looking for some very general advise on how to approach pension planning, particularly in relation to figuring out how much my pension pot will get me. I'm currently in a DC scheme and I'm paying AVCs to the max of the Revenue rules. My most recent statement tells me that my pension pot is...

Cheques were posted on Friday apparently.

Thanks. My mortgage is a tracker, so I can understand that the coverage amount hasn't been decreasing as fast as the actual outstanding mortgage. So I guess my question now is, should I contact my bank and ask them to reduce my cover?, because I guess my premium would be lower if my coverage...

I have a Mortgage Protection policy taken out years ago with BoI. One thing I'm unsure about is that the cover amount is about twice that of the outstanding mortgage. Does that sound right? It's a joint mortgage, so maybe we're each covered for the mortgage amount and that explains it?