Getting money back from pension after leaving job

Kev1001

I quit a job after 3 months.
I had been paying into a Zurich pension fund.

Around one month after I quit I received a letter with a list of options of what action to take with the money paid into the pension fund.

Given that the value was low I responded that I wished to receive the value of the fund (a decent % less than I had paid into it) back via payment (as opposed to leaving it with Zurich/transferring to a new pension fund).

A few months have past and I have not received anything/had any further correspondence.

Has anyone else gone through a similar process? How long should it take to receive the money back?

Atlantic Dawn

Contact them again, I'd imagine a month from the time you gave notice would have been a reasonable amount of time to get payment or a date from them when you would.

Merowig

Be aware that the taxman also wants to see then some money if contributions were made via payroll.

Grassey

Merowig wrote:

Be aware that the taxman also wants to see then some money if contributions were made via payroll.

Figure quoted for employee refund would be current fund value less 20% tax deduction. Their options would show gross, tax, net for refund.

Zurich would pay this tax direct to revenue, not as part of payment to member for them to then declare.