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Personally managing pension

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  • 29-01-2009 12:20pm
    #1
    jdpl28
    Banned (with Prison Access) Posts: 186 ✭✭


    Hi,

    I currently have a PRSA with a financial company. Looking at the current value of my account, and it looks like the value has gone down by 40%. I want to take this money out of that account and manage it myself. What do I need to know before doing this? Do I need to fill in any forms? There shouldn't be any tax implications, should there?

    Regards,
    Justin


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    #2
    dubmick
    Registered Users Posts: 3,922 ✭✭✭dubmick


    you can't manage the money yourself. There needs to be a professional trustee if you want to go down the self-directed route.


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    #3
    jdpl28
    Banned (with Prison Access) Posts: 186 ✭✭jdpl28


    Yup, you can. Just found it - it's called a SSAP or a "Small Self Administered Pension".

    anybody know anything about these? Could I just cash in my current pension and put it into an investment of my own choice?

    thanks,
    J


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