However remember that you will only get back your personal/AVC contributions (and not also employer contributions) net of 20% income tax.
Even in the limited circumstances in which you can cash in a pension early you should understand all of the pros and cons before actually doing so. These issues are probably covered in a few existing threads which you should search out.
Standard rate of tax.Why 20%?
Even if I have no tax liability in 2008?Standard rate of tax.
Oh - not sure about that.Even if I have no tax liability in 2008?
I'll be earning less than €18,300 total in Ireland in 2008 so effectively I didn't get any relief on contributions in 2008 because I have no tax liability. I'll have to look at my options after I hand my notice in and speak to AON/Irish Life. Thanks for the help lads/lassies.All personal refunds are taxed at standard rate. You got tax relief on the way in, so you pay some tax on the way out.
Conan
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