T
The Valley
Guest
Hi all,
Hopefully you can help me...
I have a defined benefit pension with my current employer (been with them since 2005).
I had a Defined Contribution pension with my previous employer for nearly 6 years( I also transferred about 4 years pension from my first employer into this defined contribution scheme). My previous employer no longer operates in Ireland and is going to discontinue the pension scheme.
I now have to decide where to transfer my old pension sum to. It seems to me that it would be no advantage to transfer the money to my current pension as it is defined benefit. Is that correct?
Is PRSA the way to go? Are there any other worthwhile options? I would really appreciate any advice.
Hopefully you can help me...
I have a defined benefit pension with my current employer (been with them since 2005).
I had a Defined Contribution pension with my previous employer for nearly 6 years( I also transferred about 4 years pension from my first employer into this defined contribution scheme). My previous employer no longer operates in Ireland and is going to discontinue the pension scheme.
I now have to decide where to transfer my old pension sum to. It seems to me that it would be no advantage to transfer the money to my current pension as it is defined benefit. Is that correct?
Is PRSA the way to go? Are there any other worthwhile options? I would really appreciate any advice.