A-nother-person
Registered User
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- 9
Sorry, just re-reading what you've said.Regardless of whether you're an active member or a deferred member of the pension scheme, any AVCs relating to a pension scheme must be drawn down at the same time as the main scheme benefits. An AVC PRSA doesn't change that.
No. If the pensions relate to the same employment, they must be all drawn together.Can I have a separate scheme outside my companies one which I can access earlier than my company pension?
I have a split pension. DB and DC. I've been adding to my DC pot with AVCsNo. If the pensions relate to the same employment, they must be all drawn together.
Just to confirm, is your existing pension a defined benefit one?
Having two or three different pensions from different employments can give some flexibility when it comes to retirement, where you can 'retire' the funds at different times, says Quinn.
Yes, if they relate to different employments.I've been doing some searching and according to an article in the Independent (can't link for some reason) you can draw down different occupational pensions at different times.
No. You can only make pension contributions in respect of 'earned' income.Sorry to keep coming back, just a thought.... Does rental income count as another income for pension payments? I have a second property (obviously tax compliant) would I be count that as income and offset some tax towards a 2nd occupational pension which I could access separately?
Can this person transfer back out the value from that other pension, and assuming it was from separate employment, access it separately?Yeah, unfortunately I made the mistake of transferring in an older pension which in hindsight was an awful idea.
Thanks for the advice guys. Much appreciated.
Can this person transfer back out the value from that other pension, and assuming it was from separate employment, access it separately?
I'd appreciate if you could tell me if where this is officially written? I too had the same questions as Anotherperson and this seems to be the general consensus on forums that you must draw one pension from the same employment but I can't find the official line on this. Is there an official pensions rulebook published anywhere? I believe the pensionsauthority regulate pensions in Ireland but I can't find anything about it there nor on revenue.No. If the pensions relate to the same employment, they must be all drawn together.
Just to confirm, is your existing pension a defined benefit one?
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