Gone into wrong pension plan

Bedlam

Registered User
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275
What is the best course of action to take if you one discovers that they are in a Company Pension Plan (and not a Director of a Company) and that the contribution should have been put into a Personal Pension Plan as the person is a Sole Trader.

Can the contribution be transferred to a Personal Pension or PRSA to right the situation?

Any suggestions appreciated

Bedlam
 
How long has the plan been open?

I'm surprised that the pension company didn't spot the error at application stage as an application generally requires lots of specific information about "the company".

If it's just human error, I'd go back to the person or company that sold you the plan and ask them to rectify it. The provider should be able to make some arrangement, but will probably need agreement from Revenue to do so.
 
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