C
casper ghost
Guest
Hi,
I had a pension with a company which has now gone into liquidation. I am currently a civil servant and was told that my pension (now worth approx €5,000) woudl buy me 6 months onto my years (I won't have anywhere near 40 years service at 65). So that is a non runner.
The company organising the pension have given me the option of a Personal Retirement Bond or a transfer of the value into a PRSA. They recommend a Personal Retirement Bond as I would be entitled to take more of a Tax Free Lump Sum at retirement than a PRSA.
Which do you think would be more suitable? Any advice would be greatly appreciated.
Regards,
Casper
I had a pension with a company which has now gone into liquidation. I am currently a civil servant and was told that my pension (now worth approx €5,000) woudl buy me 6 months onto my years (I won't have anywhere near 40 years service at 65). So that is a non runner.
The company organising the pension have given me the option of a Personal Retirement Bond or a transfer of the value into a PRSA. They recommend a Personal Retirement Bond as I would be entitled to take more of a Tax Free Lump Sum at retirement than a PRSA.
Which do you think would be more suitable? Any advice would be greatly appreciated.
Regards,
Casper