Ok. I have been doing lot of research and maths this last while on my investment portfolio. I took out the SSIA 2001 which done well for me and in July 2006 I had paid in E15,490 of my own contributions. Government had contributed E3,809 and as I was invested through new Ireland I had made E21,960 after maturity tax.
I also then had the choice to take out the government pension fund which I did after my SSIA matured. If I put E7,500 into this policy they would add a top up of E2,500 which brought this pension fund to a value of E10K. As it stands today this fund is now down to E7,500 again.(I am not worried as it in there for the long run).
The remainder of my SSIA had been left in the fund after maturity as I didn't have any need for the money.(I had been told by the New Ireland personnel that if I didnt need the money then to leave it there). It has since lost it value by 33%. I do need this money now and its valued at about 15K.
My main question is what charges will I in occur by surrendering my policy in full?? I understand that there are exit charges on policy's for early exit, but as it stands this policy if fully matured and has not made any gain.
I also then had the choice to take out the government pension fund which I did after my SSIA matured. If I put E7,500 into this policy they would add a top up of E2,500 which brought this pension fund to a value of E10K. As it stands today this fund is now down to E7,500 again.(I am not worried as it in there for the long run).
The remainder of my SSIA had been left in the fund after maturity as I didn't have any need for the money.(I had been told by the New Ireland personnel that if I didnt need the money then to leave it there). It has since lost it value by 33%. I do need this money now and its valued at about 15K.
My main question is what charges will I in occur by surrendering my policy in full?? I understand that there are exit charges on policy's for early exit, but as it stands this policy if fully matured and has not made any gain.