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Pension refund

  • 09-09-2016 8:26pm
    #1
    arrianalexander
    Registered Users Posts: 981 ✭✭✭


    Hi

    I start a pension about 12 years ago , the contributions to with it initially taken through my wages but company closed down (within 1 of me taking it out) I continued to make small standing orders into it . It now stands at 12k approx

    Can I get this money back now?


Comments

  • #2
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,786 ✭✭✭The J Stands for Jay


    Are you more than 60 years old?


  • #3
    arrianalexander
    Registered Users Posts: 981 ✭✭✭arrianalexander


    McGaggs wrote: »
    Are you more than 60 years old?

    No far from it


  • #4
    micar
    Registered Users, Registered Users 2 Posts: 1,901 ✭✭✭micar


    Are u looking to get a refund of the premiums paid or are u looking to take your retirement benefits.


    Is it a personal pension or prsa?

    Were you entitled to contribute to it?


  • #5
    arrianalexander
    Registered Users Posts: 981 ✭✭✭arrianalexander


    micar wrote: »
    Are u looking to get a refund of the premiums paid or are u looking to take your retirement benefits.
    Premium s paid , but I'm not sure what my refund entitlements are


    Is it a personal pension or prsa? Personal

    All money paid to it was mine , there was no company contributions


  • #6
    micar
    Registered Users, Registered Users 2 Posts: 1,901 ✭✭✭micar


    You cannot take retirement benefits from a personal pension until you've reached age 60.

    You maybe able to get a refund of the premiums paid if you can show you were not eligible to pay premiums into it.


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  • #7
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭Henry Ford III


    micar wrote: »
    You cannot take retirement benefits from a personal pension until you've reached age 60.

    You maybe able to get a refund of the premiums paid if you can show you were not eligible to pay premiums into it.

    Death or serious ill health will enable the funds be drawn at anytime.


  • #8
    micar
    Registered Users, Registered Users 2 Posts: 1,901 ✭✭✭micar


    Henry Ford III wrote: »
    Death or serious ill health will enable the funds be drawn at anytime.

    Yes,.....due to ill health...if you are unable to do the job for which u are trained for.

    Death..... Benefits would be paid to your estate.

    Another is if your job is one where one would normally retire earlier than age 60 e.g. a sports person and I think a fireman.


  • #9
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭Henry Ford III


    micar wrote: »
    Yes,.....due to ill health...if you are unable to do the job for which u are trained for.

    Death..... Benefits would be paid to your estate.

    Another is if your job is one where one would normally retire earlier than age 60 e.g. a sports person and I think a fireman.

    No. You'd need to be very seriously ill (and I know the Revenue are very strict on this).

    p.s. I've never heard of a self employed fireman :D


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