Example Scenario
I have one pension fund of €100,000 with a guaranteed annuity rate and another fund of €100,000 without a guarantee with a different provider.
Can I take the 25% tax-free lump sum of €50,000 from the second policy so as to avail of the higher annuity rate on the first? Or do I have to take the 25% from each one?
I have one pension fund of €100,000 with a guaranteed annuity rate and another fund of €100,000 without a guarantee with a different provider.
Can I take the 25% tax-free lump sum of €50,000 from the second policy so as to avail of the higher annuity rate on the first? Or do I have to take the 25% from each one?