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Cash in Pension after leaving Ireland?

21-10-2019 12:37PM

#1

sc9736

Registered Users, Registered Users 2 Posts: 61 ✭✭

Join Date: December 2008

Posts: 42

Hi there

I have a pension in Ireland but I recently moved abroad for good.

Is it possible to cash this in?

Thanks
Susan

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Comments

#2 21-10-2019 12:38PM

gwalk

Closed Accounts Posts: 1,107 ✭✭✭

Join Date: April 2018

Posts: 933

sc9736 wrote: »

Hi there

I have a pension in Ireland but I recently moved abroad for good.

Is it possible to cash this in?

Thanks
Susan

it may be possible if you are over 50 and have the employers permission to take early retirement,

or you could potentially transfer it to an overseas scheme if they allow transfers in from Ireland

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#3 27-10-2019 12:00AM

The J Stands for Jay

Registered Users, Registered Users 2 Posts: 5,923 ✭✭✭

Join Date: November 2009

Posts: 5835

Personal pensions cannot be transferred to an overseas pension scheme. PRSAs can be transferred to an overseas pension scheme, but tax may be deducted (for some strange reason). Occupational pensions can be transferred to overseas pension schemes. They're is no option to cash in a pension by leaving the country (unless you would have that option without leaving the country).

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