Hi,
This might sound like a basic question but here goes anyway?
I used to be a director of a limited company and I'm currently getting my pension provider to transfer it over to a PRSA (as I'm now a PAYE worker).
The transfer value of the existing policy is 65k, and the contributions to date is 83k. By transferring this over to a PRSA, I'm not locking in my losses, am I? They can still recover (well potientially I mean)???
Thanks.
This might sound like a basic question but here goes anyway?
I used to be a director of a limited company and I'm currently getting my pension provider to transfer it over to a PRSA (as I'm now a PAYE worker).
The transfer value of the existing policy is 65k, and the contributions to date is 83k. By transferring this over to a PRSA, I'm not locking in my losses, am I? They can still recover (well potientially I mean)???
Thanks.