Maximise SCSB relief on lump sum?

N

nest egg

Registered User
Messages
654
Can you move funds in an occupational pension scheme to a PRSA, before being made redundant, to maximise SCSB relief?
 
The SCSB calculation is based on your gross salary before any pension contributions are deducted, so I don’t think your plan above will make any difference.

are you trying to reduce the future pension lump sum amount? Not sure its possible to transfer out of an occupational scheme until you actually leave your current employment.

others here may be able to advise if you can waive the lump sum now, and then later move the pension funds to a PRSA and get the 25% TFLS when you actually retire.
 
ginslia said:
...are you trying to reduce the future pension lump sum amount? Not sure its possible to transfer out of an occupational scheme until you actually leave your current employment...
Click to expand...

That's what I was wondering.
 
You must log in or register to reply here.
Back
Top