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Claiming pension!!

  • 05-11-2009 5:15pm
    #1
    Trankton
    Registered Users, Registered Users 2 Posts: 222 ✭✭


    If you're emmigrating is it possible to claim your pension???


Comments

  • #2
    namloc1980
    Registered Users, Registered Users 2 Posts: 18,379 ✭✭✭✭namloc1980


    Trankton wrote: »
    If you're emmigrating is it possible to claim your pension???

    You need to elaborate....how old are you??...what pension are you talking about? state pension?? personal pension??


  • #3
    Trankton
    Registered Users, Registered Users 2 Posts: 222 ✭✭Trankton


    namloc1980 wrote: »
    You need to elaborate....how old are you??...what pension are you talking about? state pension?? personal pension??

    Sorry, hadn't even thought of that. I'm 31 and it's a personal pension, actually I have 2 pensions. So, if I'm leaving the country for good can I claim those 2 personal pensions??

    Thanks.


  • #4
    amdublin
    Registered Users, Registered Users 2 Posts: 20,653 ✭✭✭✭amdublin


    Very interesting question!

    I don't know. But it has got me thinking!!

    Check your terms and conditions or ring your pension provider and ask them.


  • #5
    Long Onion
    Closed Accounts Posts: 1,342 ✭✭✭Long Onion


    Due to the fact that tax relief is granted on pension contributions, the rule of thumb is that the fund cannot be enjoyed prior to retirement. The only exceptions are in the event of disability or on early retirement in some cases (generally 55 yrs old upwards). I would think it very unlikely that you could encash the fund given your current age, the state grant the tax relief to encourage pension funding as it makes you less relient on the state in old age, to allow encashment before retirement would be to open up a whole can of loophole shaped worms.


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