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What to do with €40 pension held through old company?

  • 24-01-2016 12:11pm
    #1
    Avatar MIA
    Closed Accounts Posts: 6,750 ✭✭✭


    As above - €40k

    Nearly 44 years old, medium risk profile. Would like to keep the option open to access at 50 to invest in something non pension.

    The old company is winding down and wants us to transfer our pensions. I have a pension with existing company, but didn't like the 1% annual fees they were saying would apply to the transfer.

    But... What would you do with this element.


Comments

  • #2
    PaulM1977
    Banned (with Prison Access) Posts: 210 ✭✭PaulM1977


    Personal Retirement Bond if you want access from age 50. Check the market for best AMC as there are lower than 1% for Retirement Bonds.


  • #3
    Avatar MIA
    Closed Accounts Posts: 6,750 ✭✭✭Avatar MIA


    Any particular AMC?

    Obviously this isn't financial advice and no obligation is expected.


  • #4
    PaulM1977
    Banned (with Prison Access) Posts: 210 ✭✭PaulM1977


    You should be able to achieve 0.75% at least. That is based around a standard fund such as managed, cash, equities.


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