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Lump sum query

sprocket123 · 2023-02-18 19:02:54

I have 4 personal DC pensions taken out over the last 30+ years with a current value of approx 400k . I am 54 and would like to take out 100k lump sum and leave the remainder in the pensions as is . Is this allowed?

18-02-2023 08:02PM

#1

sprocket123

Registered Users, Registered Users 2 Posts: 124 ✭✭

Join Date: February 2023

Posts: 123

I have 4 personal DC pensions taken out over the last 30+ years with a current value of approx 400k . I am 54 and would like to take out 100k lump sum and leave the remainder in the pensions as is . Is this allowed?

0

Comments

#2 20-02-2023 08:30AM

[Deleted User]
Posts: 291 ✭✭

Join Date: -

Posts: 281

Yes, but you'd be leaving the balance in a (post-retirement) ARF as you'd have to mature the 4 pre-retirement plans.

GSheehy.

1