M
Michael1234
Guest
I was made redundant about 12 months ago after just less than 30 years service. I am currently in receipt of unemployment benefits, I'm 57 years old and hold out little hope of getting another job.
I was in a DB scheme at the company and the scheme is significantly underfunded.
The trustees have refused my request to draw down by pension early and I now have to consider my other options and I don't know where to start.
They have said they can provide me with a transfer value but I have no idea what I will do with this.
What should I do with this?
Is it better to purchase an annuity or should I get an Approved Minimum Retirement Fund?
I have heard that as a smoker I could get "impaired annuity rates" but haven't been able to find out if any does this in Ireland.
I know this post is a bit all over the place but any help anyone can provide would be very much appreciated.
Many Thanks
Michael
I was in a DB scheme at the company and the scheme is significantly underfunded.
The trustees have refused my request to draw down by pension early and I now have to consider my other options and I don't know where to start.
They have said they can provide me with a transfer value but I have no idea what I will do with this.
What should I do with this?
Is it better to purchase an annuity or should I get an Approved Minimum Retirement Fund?
I have heard that as a smoker I could get "impaired annuity rates" but haven't been able to find out if any does this in Ireland.
I know this post is a bit all over the place but any help anyone can provide would be very much appreciated.
Many Thanks
Michael