Hi
I paid into a pension scheme for just over two years Dec 00 - Jan 03. My contibutions come to approximately €4000 (valued Sept 02). The scheme is call Group Life Plan (it was a voluntary contributions scheme)and my fund is called Exempt Consensus Fund. From the paper work its an Irish Life scheme but it was handled through the broker my company used. When I left I asked could I cash it in and they said I would get it when I retired.
After leaving that job I moved overseas (New Zealand) and am permanently resident there. I am back in Ireland for a holiday and am going through some old paper work. Looking over my pension info I notice that the plan details says:
What Happens if I leave service?
'If less than 5 years service you may opt to receive a full refund of contributions, less tax at 25%. As this would involve waiving any pension entitlement from the Employer on leaving service, this option is not recommended other than for very short service employees'.
I was in the job for 3 years. I feel the best thing for me to do is seek a refund. Am I entitled to a refund? If so would I go to Irish Life or the broker and what do I need to do?
I would value any views on this situation.
Many thanks
T
I paid into a pension scheme for just over two years Dec 00 - Jan 03. My contibutions come to approximately €4000 (valued Sept 02). The scheme is call Group Life Plan (it was a voluntary contributions scheme)and my fund is called Exempt Consensus Fund. From the paper work its an Irish Life scheme but it was handled through the broker my company used. When I left I asked could I cash it in and they said I would get it when I retired.
After leaving that job I moved overseas (New Zealand) and am permanently resident there. I am back in Ireland for a holiday and am going through some old paper work. Looking over my pension info I notice that the plan details says:
What Happens if I leave service?
'If less than 5 years service you may opt to receive a full refund of contributions, less tax at 25%. As this would involve waiving any pension entitlement from the Employer on leaving service, this option is not recommended other than for very short service employees'.
I was in the job for 3 years. I feel the best thing for me to do is seek a refund. Am I entitled to a refund? If so would I go to Irish Life or the broker and what do I need to do?
I would value any views on this situation.
Many thanks
T