Personal Pension and exec pension

[cazmayo]

Hi,

Hubby has 2 pensions for which we are interested in either cashing in or transferring. We are hoping to emmigrate to Oz in 6 months time.

Pension 1
Personal Pension with Irish Life
Received email today, cannot cash in until between 60-65 and also cannot be transferred.

Pension 2
exec pension plan with Acorn Life
Waiting a response to enquiry.

Any advice kindly appreciated.


Regards
cazmayo

 

[Dave Vanian]

How old is hubby?

 

[Baracuda]

Personal Pension can be transfered to a PRSA without incurring any charges and then the PRSA can be transfered to Exc Pension however be very careful about charges when transfering to Exc Pension especially where Acorn are concerned! There should be no problem then transfering the pension fund to an Austrailian pension fund should the need occur.

Regarding Dave's post above you may be able to surrender the Exc Pension if your husband is over 50. Good luck with the move.