Deferment option or transfer option.

Hello, My colleague has just left his employment in Ireland and has returned to Slovakia , He has received an e-mail from Irish life regarding his pension which stands at 35,000 euro , He has being offered the deferment option or the transfer option , His age group is mid 30,s , From what he has told me he will not have money worries in the long term ,Any thoughts on which option would suit him best, Thanks in advance for your help.

He might be able to transfer to a Pension Retirement Bond, but that's a personal choice and the pension administrators/intermediary might advise him on that.

The road to transfering abroad isn't straighforward - see here

Assuming he's happy with the fund/s / charges on the pension and he has online access to check it and keep track of it, he might just be better off leaving it where it is.

Gerard

www.prsa.ie