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Pension transfer

1lostsheep · 2017-10-20 13:17:55

Good day all, I have a pension question here. I have been saving in to a PRSA for years and the amount is 70 k to date. I also am a director of a recently formed limited company where pension rules seem very favourable for a director. My question is can I transfer the 70k to my company pension without incurring a tax bill.…

20-10-2017 2:17pm

#1

1lostsheep

Registered Users Posts: 9 ✭

Join Date: September 2017

Posts: 4

Good day all,

I have a pension question here.

I have been saving in to a PRSA for years and the amount is 70 k to date.
I also am a director of a recently formed limited company where pension rules seem very favourable for a director.

My question is can I transfer the 70k to my company pension without incurring a tax bill.
My reason for this is to avail of the more favourable rules for the company pension.

Any advice appreciated.

0

Comments

#2 20-10-2017 3:18pm

ANXIOUS

Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭

Join Date: September 2006

Posts: 2932

You can tranfer your PRSA to an occupational pension scheme tax free.

Could be some drawbacks as well so think it through or get advice.

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