onlyonpaper
Registered User
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I am been made redundant after 15 years with my current employer. All of this time I have been a member of the company DB pension scheme. As part of the redundancy package the company is boosting the exit values of the pensions by a generous percentage. I already have a new job lined with another employer with a non contribuatory DB persion. In relation to my current pension I understand my option to be:
a/ Use the value realised to purchase a PRSA or PRB.
or
b/ Transfer into the other companies pension.
Option b would appear to be a lot simpler but if I take option b will my new employer (rather than me) get the benefit of the increased exit value of my previous pension?
a/ Use the value realised to purchase a PRSA or PRB.
or
b/ Transfer into the other companies pension.
Option b would appear to be a lot simpler but if I take option b will my new employer (rather than me) get the benefit of the increased exit value of my previous pension?