I left employment 2 years ago. At that time I had been part of the companies pension scheme for 6 years.
In March I contacted Canada Life about surrendering my pension and I got the following statement:
Employer contributions paid: €8830
Surrender value: €7066
Employee contributions: €20822
Surrender value: €16489
Am I entitled to the total surrender value of €23776 or do I minus 40%?
Will the value of this have reduced given the current economic climate?
We are currently paying alot of interest on credit cards and this money would essentially clear this and allow us to save and/or put additional money into my husbands pension so is it worth cashing it in or not?
In March I contacted Canada Life about surrendering my pension and I got the following statement:
Employer contributions paid: €8830
Surrender value: €7066
Employee contributions: €20822
Surrender value: €16489
Am I entitled to the total surrender value of €23776 or do I minus 40%?
Will the value of this have reduced given the current economic climate?
We are currently paying alot of interest on credit cards and this money would essentially clear this and allow us to save and/or put additional money into my husbands pension so is it worth cashing it in or not?