Cashing in Pension

[mark27]

Hi

My partner recently left her job and had been paying her pension for the past 4 years.She has paid about €4500 in her own contributions and the employer about €15000.
She rang the insurance company to find out if she can get this money back but was told she could only transfer the pension if she got another job.She will get it all when she turns 65 though.

The thing is we are planning to move abroad early next year and was wondering if there is any other way to get back her own contributions

thanks

Mark

 

[GeneralZod]

As far as I know you can only get your contributions back if you've been a member of the scheme for 2 years or less.

 

[ClubMan]

Correct. But transferring if/when she enters a job with an occupational scheme is not the only option. She can also leave the pension invested where it is (for now or indefinitely) or transfer to a pension retirement or buy out bond (basically a personally held investment into which you transfer an occupational fund). Which of these options is best really depends on the specific details of the case.