If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Personal Pension Plan Tax Free cash payout

Neighsayer · 2019-02-13 12:11:32

A friend has 3 paid up pension plans with a combined value of around €300K. These belonged to her ex husband and were assigned to her by means of an Attachment Order during divorce proceedings. All 3 have matured and she is aware she can take 25% of each tax free at any time. She needs to cash one of these now representing…

13-02-2019 1:11pm

#1

Neighsayer

Registered Users Posts: 64 ✭✭

Join Date: March 2017

Posts: 54

A friend has 3 paid up pension plans with a combined value of around €300K. These belonged to her ex husband and were assigned to her by means of an Attachment Order during divorce proceedings. All 3 have matured and she is aware she can take 25% of each tax free at any time. She needs to cash one of these now representing around 35% of the combined values and is wondering if there is any way she can get most of this tax free by assigning the tax liability to the remaining un-cashed policies. Any advice appreciated.

0

Comments

#2 13-02-2019 6:51pm

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,727 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17397

25% is the maximum.

0