Hi can anyone advise me on a way around the 12.7k annual income you must have to draw money out of your pension, I need to access money but have lost my job so I have been told that I must put the remainer of the fund in an Approved Minimum Retirement Fund (AMRF) and the capital cannot be touched until 75 (profits can be taken out) or buy an Annuity.
I am 62 and my wife has a private pension, could her income be jointly assessed so I would therefor earn enough to access the money.
There is over 30000 in the pension they are saying that I can take 8000 now and get 75 euro per month?
Any other suggestions as to make this money work better for me
thanks for reading
I am 62 and my wife has a private pension, could her income be jointly assessed so I would therefor earn enough to access the money.
There is over 30000 in the pension they are saying that I can take 8000 now and get 75 euro per month?
Any other suggestions as to make this money work better for me
thanks for reading