Cashing in Pension

W

webb_ellis

Guest
I recently changed jobs after 5yrs working for a large American multinational. Latest retirement account value is €9,954... Can I cash this in rather than transferring the value?

And if I do, how much tax is payable on this?

Thanks...
 
If you were a member of the scheme for more than 2 years you cannot access it in until retirement. The rules of your scheme will tell you the earliest date you can access it. Generally age 50 for a DC scheme like this.
 
Unless the scheme is being wound up, you don't have to transfer it out unless you want to. You can leave it invested until retirement. Have a look at [broken link removed] on your options when leaving a job/pension scheme.

Liam D. Ferguson
 
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