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Pensions

  • 04-07-2018 6:42pm
    #1
    James_348
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi guy's
    I am looking for information on this matter.

    I was self employed and took out a pension however during the recession i had to freeze this pension for obvious reasons.

    Now I am employed and was wondering where do i stand do i take out a new policy or reactivate my old pension
    Thanks in advance for any help.


Comments

  • #2
    ravima
    Registered Users, Registered Users 2 Posts: 848 ✭✭✭ravima


    You will need to ask your current employer pension scheme, if you can transfer the older pension.


  • #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,861 Mod ✭✭✭✭Henry Ford III


    ravima wrote: »
    You will need to ask your current employer pension scheme, if you can transfer the older pension.

    You can't transfer a ppp into a pension scheme.


  • #4
    Liam D Ferguson
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭Liam D Ferguson


    James_348 wrote: »
    Hi guy's
    I am looking for information on this matter.

    I was self employed and took out a pension however during the recession i had to freeze this pension for obvious reasons.

    Now I am employed and was wondering where do i stand do i take out a new policy or reactivate my old pension
    Thanks in advance for any help.

    Check with your employer to see if they have a pension scheme to which they contribute. If so, join it, as the employer contributions are free money.

    If not, then you're back to doing your own thing. Most Personal Pension contracts allow you to re-start. Before you do, check the charges you'd be paying if you do re-start it. Charges on many pension contracts have come down in recent years so you might find it cheaper to start a new one.


  • #5
    Goyourownway
    Registered Users, Registered Users 2 Posts: 2 ✭Goyourownway


    James_348 wrote: »
    Hi guy's
    I am looking for information on this matter.

    I was self employed and took out a pension however during the recession i had to freeze this pension for obvious reasons.

    Now I am employed and was wondering where do i stand do i take out a new policy or reactivate my old pension
    Thanks in advance for any help.

    Hi
    What type of pension did you have when you were self employed as it is relevant to your options going forward. Was this a prsa, a personal pension or an executive pension (probably the case if you had an Ltd company)?


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