Hi - I have a UK defined contribution pension fund (from employment that ended c. 20 years ago) and an Irish defined contribution pension attached to my current employment. I believe that since I have turned 55 I can "retire" from the UK pension fund and receive a 25% tax free lump sum. I saw a previous response on the forum that this is not taxable in Ireland. If I covert that fund to a retired status (probably through transfer to a SIPP) and take the 25% tax-free lump sum, will that impact on my ability to contribute the maximum amount to my Irish pension and continue to receive tax benefits? I believe in the UK, once a fund moves to withdrawal, the amount which can be invested tax free to a pension drops to £10k. I would not be using the lumpsum for contribution to my Irish pension. I plan to continue working and contributing to my Irish pension for the next c.10 years.
I would be grateful for any guidance.
Thanks
I would be grateful for any guidance.
Thanks
