Hi
If I remain in the service of the state I will be able to retire with a full pension at 60.
I am considering taking out an avc and am in a position to max my contributions.I hope to use this to fund the purchase of land in a pension morgage scenario.
What then happens if my pension is overfunded at 60 and greater than the allowable 66%?
Do the revenue penalise me or am I allowed transfer the total avc generated fund into an ARF
Thanks
Pudser
If I remain in the service of the state I will be able to retire with a full pension at 60.
I am considering taking out an avc and am in a position to max my contributions.I hope to use this to fund the purchase of land in a pension morgage scenario.
What then happens if my pension is overfunded at 60 and greater than the allowable 66%?
Do the revenue penalise me or am I allowed transfer the total avc generated fund into an ARF
Thanks
Pudser