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Be careful also if you transfer to the occupational scheme as when you can draw your benefits will vary on the prb vs the normal retirement age on the company scheme I.e all benefits under the scheme will have to be drawn at the same time..you will be given a new policy number with Zurich...

That sounds unusual but maybe they were paying a fee to an advisor instead of commission.... there would still definitely be an annual mgt charge and possibly a policy fee in some instances, can you find out what your old charges currently are in the scheme ad to compare this with a potential...

Did she get any literature or letters on the new scheme each time?can be common when businesses merge or buy out others that the parent or main co scheme continues. Some trustees are more hands on than others...majority are company directors who do the trusteeship... they may not want to or have...

Hi jxwell You should be able to get 100% allocation as standard these days. A Bob is a standard product. Are you familiar with how they work. Do you have any prior investment experience I.e funds for the bond. Was your previous scheme db or DC?

Are these not the ones invested in the dynamic protected funds where you could only encash the plan after a certian date??they had to be locked in for some time and the capital was guaranteed in them?

Sounds like you took the tax free cash from the bond and got the pension with the balance alright....

Article in the Sunday world on it today

Meant supercapp not shortfall...predictive text at its best

Shortfall is a good fund for a steady investor. You get a bonus if your inthe fund for five years.will give you between two to four percent annually with a bonus each five years of two to three percent.been a popular fund over the years.only recentlydid Zurich remove the age restrictions on it....

I don't understand this point, You can look in good (and guaranteed) returns now for 5/10 years...does the op have a single premium amount to invest or wants to pay a regular amount.If so what are these rates you mean, can you be more specific?

Where my point was made is the op is 32, that is why I said it was black and white. he has 35 years to go until retirement, can i predict what future tax rates will be at retirement no I cant, I am basing my theory on what the current situation is.

First of all prsi is not due on all pension income so that is completely incorrect.second of all the pensions levy will last one more year and is 0.6%....if your going to trash talk my argument can you at least get your points correct

When you say a certain amount has to beleft for legal reasons, do you know off hand was this a buy out bond or an exec plan for example?

I agree that there should be a proper plan put in place and more education. I believe I read somewhere we will have a pensions minister soon so I am sure that will make some changes for better or worse. Personally to me it is black and white in the current situation because I work in the...

I know some life company that will not pay out if it happens in the first 12 months, I was surprised to hear this myself recently.

Also bear in mind you will not have deduction at source with another provider however you are free to move it around up to yourself, just means ytour tax credits will be altered to reflect your contributions. I used to work for a public sector provider a few years back so give me a shout if you...

Yeah in rough terms your on the right track, that is basing an annuity rate on the market today being 5%, they are a good bit off this at present, more like 4%....depends on whether your predicting these figures for the future or are they current??

max tax free cash on a PRSA is 25% of the fund value.

It is an idea to go into a low risk/cash fund just to avail of the tax relief as this would nerly double your returns based on being a 41% tax payer for example. DO you have any other pension benefits accrued to date?

I thought retirees currently drawing a pension have first dibs on the pot??