My wife worked for a company for a few years which was in turn taken over by another company where she continued to work for a similar number of years.
She will get a pension from the first company next year. It will be less than €1k per annum.
She has been offered about €450 per year, pension or c€350 per year plus €950 lump sum.
The second company pension will kick in shortly after. It will be a larger pension. If she opts for the lump sum and lower pension now will this affect the way she can take her second pension?
Can you take lump sums from two pensions upfront?
Anything else we should be aware of?
Thanks
She will get a pension from the first company next year. It will be less than €1k per annum.
She has been offered about €450 per year, pension or c€350 per year plus €950 lump sum.
The second company pension will kick in shortly after. It will be a larger pension. If she opts for the lump sum and lower pension now will this affect the way she can take her second pension?
Can you take lump sums from two pensions upfront?
Anything else we should be aware of?
Thanks