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Pension question

  • 28-08-2011 10:15pm
    #1
    dany01
    Closed Accounts Posts: 8 ✭


    Hi all,

    I am a non EU citizen and I have been working in Ireland during the past 4 years. During these 4 years I have been contributing to my company's pension scheme (defined contribution).

    Now, I am planning to go home for good. Last week, I asked a HR staff in my company whether I can cash out my contribution when I leave Ireland or not and she told me No. She also said that because I have been in employment in Ireland for more than 2 years, the only option available to me is to leave the money in the scheme until when I reach 60.

    Does anyone know if what the HR staff said above is correct or not? Also, which authority should I contact to ask about my circumstance?

    All responses are greatly appreciated!


Comments

  • #2
    cookie1977
    Registered Users, Registered Users 2 Posts: 6,794 ✭✭✭cookie1977


    As far as I am aware if you are a non eu citizen you can cash it in but you will pay tax on it. EU citizens can transfer it but cant cash it in.


  • #3
    dany01
    Closed Accounts Posts: 8 ✭dany01


    Hi Cookie1977,

    Thank you very much for your response! At least it gives me some hope that I can get some of my money out of the scheme before I leave Ireland. I will contact the Tax Revenue to see if they can give me an answer on this.

    Thanks again!


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