My sister is a primary teacher hoping to take early retirement next summer. She hopes to take out a last minute AVC to make up her shortfall as she will be short about 3 years service.
She will have to pay approximately €10 000 into the AVC before the end of August (her proposed retirement date).
My question is, when can she then encash the AVC?
Must she wait till the start of the following year (new tax year) or can she do it before then?
Thanks.
She will have to pay approximately €10 000 into the AVC before the end of August (her proposed retirement date).
My question is, when can she then encash the AVC?
Must she wait till the start of the following year (new tax year) or can she do it before then?
Thanks.