CIF Ex Pension: can i take a lumpsum from my avcs tax free?

T

tonycummins

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can i take a lumpsum from my avcs tax free

Title edited by ClubMan.
 
Re: tax on lumpsum

Hi Tony,

Can you expand on your question please? What type pension arrangements do you have?

ajapale
 
Re: tax on lumpsum

The Construction Federation Executive pension scheme with AVC.

Edited by ClubMan to change from all upper case.
 
Re: tax on lumpsum

Hi Tony,

Im not familiar with the CIF scheme. Have you contacted the scheme advisors?

I found the following on the cif.ie website.

Executive Pension Scheme

Over 300 Construction firms are members of the Construction Federation Executive Pension Scheme (CFEPS).

The Scheme is an “umbrella” pension scheme administered by Construction Industry Federation (CIF) for employers involved in the Irish Construction Industry. The high level of costs and charges associated with all other pension schemes was the reason for the establishment of the CFEPS.

The assets of the Scheme have already amounted to over E300 million and annual contribution income amounts to well over E27 million. Total membership is over 2,500, E7.2 million worth of pensions are paid out annually and total benefits paid to date exceed E130 million.

LOWEST CHARGES IN IRISH MARKET

Superb Fund Performance
‘Not for Profit’
No ‘Middleman’/Broker
No extra Admin, Set Up, Legal, Actuarial, Audit or Consultancy Charges
No Entry/Exit/Transfer Charges
Lowest Rates for Insuring Death in Service and ill Health Retirement Benefit.
Complete Benefit Flexibility
Tax-Free Lump Sum
‘Peace of Mind’
Trustee Protected Scheme
Pay Less Tax

If you are considering a New Pension Arrangement or wish to Review Your Exisiting Plan, please contact:

Mr. Seamus Power
Construction Federation Executive Pension Scheme (CFEPS)
Construction House
Canal Road
Dublin 6

Tel: 01 406 6048
Fax: 01 497 7054
Email: spower@cif.ie

Web: www.cif.ie
Click to expand...
 
Re: tax on lumpsum

Have worked with Seamus in the past. He is very approachable and personable.
 
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