Imminent redundancy, inheritance, helping the kids, and allowing for future expenses

@3CC It's a friend who was kind enough to give me advice. I get your point re loosing tax free growth , but it's a large tax free sum (€110K) , as opposed to what woud be otherwise 25% of my current salary (25% of 60K = 15K) . But I need to work out the figures, and consult an advisor. Yes and would definitely go down the fixed fee route

THANK YOU ALL AGAIN
 
Is that correct? I thought you could take 25% from each PRSA/Personal Pension that you have plus 1.5 times salary for the occupational pension. This not my area but I think it's not as simple as 110k vs 15k.
 
3CC said:
Is that correct? I thought you could take 25% from each PRSA/Personal Pension that you have plus 1.5 times salary for the occupational pension. This not my area but I think it's not as simple as 110k vs 15k.
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ok, this is making more sense now. So, the idea of transferring all the pensions into the occupation scheme was so that I could avail of the 25% lump sum at age 56 (now) , rather than 60/65. This was to help purchase the inheritance home if we decided to go down that road .

I'll check out the rules re
3CC said:
25% from each PRSA/Personal Pension that you have plus 1.5 times salary for the occupational pension
Click to expand...

and educate myself a bit more so thank you
 
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