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SSIA - Pension

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  • 22-02-2009 11:47pm
    #1
    Buckiefc
    Registered Users Posts: 10 ✭


    I put in a lump sum from my SSIA into a pension but could now do with the money for personnal current use. I understand that I would lose the extra benefit as part of the scheme at that time but is there any other deterrant to me cashing in the pension lump sum or is there a minimum time frame for me to leave it in?

    Thanks


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    #2
    kaiser sauze
    Registered Users Posts: 1,558 ✭✭✭kaiser sauze


    Buckiefc wrote: »
    I put in a lump sum from my SSIA into a pension but could now do with the money for personnal current use. I understand that I would lose the extra benefit as part of the scheme at that time but is there any other deterrant to me cashing in the pension lump sum or is there a minimum time frame for me to leave it in?

    Thanks

    Without knowing specifics, I cannot be very helpful.

    However, you are likely to be unable to cash in the fund, but there are several scenarios where you may be.

    Can you elaborate on where, and when, you put the lump sum? Are you making monthly/annual contributions?


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