buyout bond from DB scheme(wound up)

What are the rules for tax free lump sum from a buyout bond? Are both options available?

Option 1. 1.5 times salary
or
Option 2. 25% of the pot

Is the calculation of salary based on pensionable salary, or salary on which USC was paid (including BIK and bonuses) in option 1?

I want to get an ARF and NOT an annuity. Must I therefore take option 2?

Hi Cricket

Both tax free cash options are available.

the tax free cash is based on salary in which USC is paid.

If you want the ARF, you have to take the 25% tax free cash route. The ARF is not available under the other route.

Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)

Thank you Steven.