Hi,
It depends on how long you were in the scheme and the date that you left. If you left post June 2002 and were in the scheme for less than 2 years you can take a refind of your contributions less 20% tax. If you left prior to June 2002 you can take a refund if you were in the scheme for less than 5 years.
I was paying into a PRSA for about 7 months but then took a permanent job....anyone know the chances of me cashing in my pension?
Thanks!
I'm in the same boat!
Paying into an BOI-Life Group scheme .. not sure of the exact details, it was all organised through work, I just signed on the dotted line, have been paying in for 2 years and its worth 9k at the mo.
Thought I'd be able to cash it in recently to pay of some debts, credit card etc and when I called them they explained I could'nt get my hands on it till i retired.
They did explain that i could move it... could i move it to some other pension scheme that does allow me to cash in... obviously they'd want a slice of the dough .. thats fair enough.
.. what about all those adverts you see "free up money from your pension" "Join Rip-u-off pensions and free up all that cash" etc ... surely there must be some alternative for me ...
Advise her to put in a Subject Access Request for details of the policy. Providing her policy number will help. It’s five minutes work but I’m guessing they may ask for proof of identity.Hi ..... Sorry to resurrect such an old thread but there is a reason!
My wife started a PrsA with Irish life n 2005 and paid in til 2008
She is adamant that she cashed it out in 2009....but this seems to not have been possible.
She also had a small monthly investment also with Irish life, that she did cash out.
I'm a little worried that the prsa is in fact still sitting there, forgotten about.
She is not inclined to query it with Irish life as she says there's no point....it was cashed.
Does anyone know what the options would have been in 2009?
I'd like to query it with Irish life , but as I'm not the policy holder, I presume I can't and need to convince her to...(we do have the policy no)
Maybe an anonymous posters on askaboutmoney will carry more weight with her than her husband !
Thanks!
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