Hi
As per the title I have a DC pension from an old employment sitting at 60K. I was hoping to take the the 15k tax free lump sum and reinvest the rest into a suitable product.
Now my problem may be that I also have a DB pension from the same previous employer currently sitting at 22K a year for when I hit 65. There is no way I want to mess with that. So to my question. My previous employer reports the DC and DB pension completely separately on the Irish Life portal. The DC pension was an old perk funded from bonus payments which at the time could be put in tax free (if I recall correctly) and where not really ever tied in to the DB which was my "normal" pension.
Can I take the DC part out and get my 25% tax free lump sum without messing with the totally separate DB part.
Dave.