Hi
Earlier this year I switched jobs. My old job operated a group scheme defined benefit pension and as I am 50 I have a few options regarding that pension.
I cannot transfer it directly to my new pension un fortunately.
My new job is with the HSE and has a public sector pension.
What I would like to do is get a maximum tax free lump sum from my old pension and transfer the remainder into an ethical fund which could later be transferred to my new pension after the 2 year vesting period.
I would like to be able to make additional payments into this fund as AVCs to make tax free savings.
As the goal is to transfer the funds into the public services pension as soon as the 2 year vesting period is up I would go for a self managed fund with minimal set up costs.
And it is important to me that it is an ethical fund.
I'm guessing the answer is an ethical self managed PRSA???
Any advice or suggestions.
Earlier this year I switched jobs. My old job operated a group scheme defined benefit pension and as I am 50 I have a few options regarding that pension.
I cannot transfer it directly to my new pension un fortunately.
My new job is with the HSE and has a public sector pension.
What I would like to do is get a maximum tax free lump sum from my old pension and transfer the remainder into an ethical fund which could later be transferred to my new pension after the 2 year vesting period.
I would like to be able to make additional payments into this fund as AVCs to make tax free savings.
As the goal is to transfer the funds into the public services pension as soon as the 2 year vesting period is up I would go for a self managed fund with minimal set up costs.
And it is important to me that it is an ethical fund.
I'm guessing the answer is an ethical self managed PRSA???
Any advice or suggestions.