Liam will be too modest to say this but I can attest that he is an excellent source of independent, reliable and clear advice on all matters to do with pensions and retirement. As is @GSheehy and probably some others who contribute to this forum.Thanks Liam. I am happy to keep the funds invested once the costs and returns are transparent but I am not sure where to go to get independent clear advice. Or alternatively can I manage the funds myself? Do I need an insurance broker?
Or alternatively can I manage the funds myself?
Do I need an insurance broker?
Good to know, thank you TMcGibneyLiam will be too modest to say this but I can attest that he is an excellent source of independent, reliable and clear advice on all matters to do with pensions and retirement. As is @GSheehy and probably some others who contribute to this forum.
Thank you. Do you mind if I ask you, are you tied in with any of the investment companies?Many thanks @T McGibney
@magsd57 - You have options at the moment.
- Leave the funds where they are. Defer retiring them until later - up to 70.
- Transfer the funds into a Buy-Out Bond of your own choosing and defer retiring them until later - up to age 70.
- Retire them, withdraw the tax-free lump sum from them and reinvest the balance of fund in an Approved Retirement Fund (ARF) or annuity.
If you mean manage the investment of the funds, then yes you can have a self-administered Buy-Out Bond or ARF within which you can choose your own investments.
The funds must remain within a pension structure.
As a financial broker, I'm biased so please take that into account! You don't need a broker and can do any of the above yourself by dealing with the product providers yourself. Or you can engage with a broker to advise you properly on your options and what they mean for your own circumstances and advise you which company and products would be suited to your needs.
Thank you. Do you mind if I ask you, are you tied in with any of the investment companies?
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