Does it ever make sense to do this ? Both retired aged early 60's. Combined gross income of €50k. Combined pension pots €350k. So scope to withdraw up to €30k p.a over 11 to 12 years at lower tax rate. Pot's exhausted by ages 76 and 72. e.g of reasons, finished with travelling really at that stage and could help the kids along or put towards other cash to buy a downsized size. At 76 and 72 have the state pensions and one public service pension of approx 15k plus PPR only no mortgage. Can live very simply really and rent a room scheme perhaps if required. Madness or any opinions welcome.