Hi
Just looking into something for friend nearing retirement. He is part of a DC scheme with his employer and has a fairly low maturing value of €24k. After the initial tax free lump sum, the annuity would hardly be worth purchasing. He claims his wife was in a similar position when she came to retirement and managed to get 100% tax free lump sum. I can't see how it's possible but the maturing values are so low in these cases that I've not come across it before. Can anyone shed some light?
Cheers
Fran