DC pension take Arf?

[Cavanbhoy]

Looking for some advice re Occupational pension pot plus Avc total value 185k.
Irish life invested in Setanta managed fund.

Aged 51 left employment full time carer for spouse.
No earned income
Option 1 just leave where is.

Option 2 take 25% and open a Arf.

What are costs involved in option 2.

 

[Dave Vanian]

What are costs involved in option 2.

Shop around. An ARF is a financial product and like almost any financial product, there's a wide variety of charging structures available. As a general rule, good brokers tend to be more competitive for ARFs than banks or tied agents. Again, as a general rule, you should be getting 100% investment (no up-front charge) and an annual charge well below 1%.

Whether or not this is an advisable course of action for you would require a full look at your overall financial position, that of your spouse etc.

 

[ClubMan]

Whether or not this is an advisable course of action for you would require a full look at your overall financial position, that of your spouse etc.

You could post a money makeover to give more details and get feedback.

Money makeover

Budgeting and dealing with debt moved to Mortgage Arrears and Debt Forum .

www.askaboutmoney.com

 

[mtk]

What are you living in now ? And will arf decision impact on this ?