Babystepsfan
Registered User
- Messages
- 8
Hello
I have a question re an old pension from previous employer. Transfer value not much : 20k+.
I have a pension from current employer and other investments etc.
Because of that I would like to just close this out.
I’m close to 50, so I was wondering is it possible to set up a PRSA and then cash it out at 50 ? Assuming no changes before then.
I think given that it’s small and with a previous employer I’d prefer to liquidate for whatever cash value ASAP rather than let it be absorbed into current pension scheme (public service).
Any advise on the most effective way to do this please.
I have a question re an old pension from previous employer. Transfer value not much : 20k+.
I have a pension from current employer and other investments etc.
Because of that I would like to just close this out.
I’m close to 50, so I was wondering is it possible to set up a PRSA and then cash it out at 50 ? Assuming no changes before then.
I think given that it’s small and with a previous employer I’d prefer to liquidate for whatever cash value ASAP rather than let it be absorbed into current pension scheme (public service).
Any advise on the most effective way to do this please.