Hi, I am asking this for a friend so may not have the full details, but here goes..
Person, now in their 50s, hasnt worked for some years. Was on Unemployment Benefit, than UA and i think they are now on disability.
They never had pension through work but put a lump sum of a few thousand in a PRSA good few years back.
Its looking likely thst this person won't work again and will remain on disability.
What age can they access their PRSA and can they take a lump sum?
How would it be taxed if only income is social welfare?
They just want to have some idea before contacting the company, so any info appreciated. Thanks
Person, now in their 50s, hasnt worked for some years. Was on Unemployment Benefit, than UA and i think they are now on disability.
They never had pension through work but put a lump sum of a few thousand in a PRSA good few years back.
Its looking likely thst this person won't work again and will remain on disability.
What age can they access their PRSA and can they take a lump sum?
How would it be taxed if only income is social welfare?
They just want to have some idea before contacting the company, so any info appreciated. Thanks