I've had a private pension with ark life for the last 4-5 years and built up aprox €40K in it. I've jsut joined a company where they offer a company pension and will match my deposits to their pension, up to 5% of my salary.
The company policy will not allow mw keep up a private pension so i have instructed ark life to change status to paid up.
So what are my options with the paid up fund-do i just leave it there, if i cash it to buy another fund will i have to pay tax on it?
Should I invest it in something else or just let it sit there-presumably it can be reactivated if i change jobs and move out of company pension scheme-though at this stage i don't plan on doing that.
any help appreciated?
The company policy will not allow mw keep up a private pension so i have instructed ark life to change status to paid up.
So what are my options with the paid up fund-do i just leave it there, if i cash it to buy another fund will i have to pay tax on it?
Should I invest it in something else or just let it sit there-presumably it can be reactivated if i change jobs and move out of company pension scheme-though at this stage i don't plan on doing that.
any help appreciated?