O
oconn
Guest
10 years ago, I worked for 18 Months with a company, and made some pension contributions. I recently chased it up and the pensions company that administered it say I have a Eur 5K (approx) entitlement, and that my options are:
1. Take 50% of the sum less CGT (approx) in cash. Won't do that,
2. Transfer to a Buy Out bond and that they (the pension company will choose bond for me).
3. Transfer to new employers pension plan. I don't have one.
4. Defer my benefit until I retire (I am self employed and 50) won't be retiring for a long time.
5. Transfer full amount to a PRSA.
Option 5 is what my broker recommends. I do have 2 other separate pensions from previous work periods.
I do trust my broker advise, but (as my pension situation isn't great) would I be able to admin this my self and save on chunk going on commisions and admin? Any thoughts I would appreciate, and if self admin is feasible and cost saving, any suggested methods? Thanks !
1. Take 50% of the sum less CGT (approx) in cash. Won't do that,
2. Transfer to a Buy Out bond and that they (the pension company will choose bond for me).
3. Transfer to new employers pension plan. I don't have one.
4. Defer my benefit until I retire (I am self employed and 50) won't be retiring for a long time.
5. Transfer full amount to a PRSA.
Option 5 is what my broker recommends. I do have 2 other separate pensions from previous work periods.
I do trust my broker advise, but (as my pension situation isn't great) would I be able to admin this my self and save on chunk going on commisions and admin? Any thoughts I would appreciate, and if self admin is feasible and cost saving, any suggested methods? Thanks !