I am the only member of a single member company pension scheme with full vested rights.
The only trustee is a company employee.
I have a couple of questions if anyone can help
Can i be appointed the trustee of my own scheme as the exisiting trustee has no real interest in it and neither does the company. I am claiming PHI benefit linked to this scheme due to a recent diagnosis of a long term illness.
All contributions, employer and employee, are covered by the PHI benefit plus a monthly payment to me. are there any implications in trying to transfer the whole pension into my name as it looks like long term I will only be annoying the company as i have to go through them at present.
They are also liable to PRSI on the payment they make to me from the PHI benefit. Which if it was paid directly tyo me i understand they would be no PRSI payable
Any advice much appreciated thanks for any help