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Pension on Hold

  • 20-03-2020 2:00pm
    #1
    torrevieja
    Registered Users Posts: 1,672 ✭✭✭


    Hi, under the circumstances and ,

    Can i put my pension on hold for a while why this is Virus is going on and if so is there a time limit

    What is the procedure , Many thanks in Advance


Comments

  • #2
    silent_spark
    Registered Users, Registered Users 2 Posts: 461 ✭✭silent_spark


    What do you mean by put it on hold? Stop contributing?


  • #3
    torrevieja
    Registered Users Posts: 1,672 ✭✭✭torrevieja


    silent_spark wrote: »
    What do you mean by put it on hold? Stop contributing?

    Yes just for a month or two won't be working for a while I'd say it's costing me 700 a month , I don't think insurance company lies are putting them on hold


  • #4
    HotMama89
    Registered Users Posts: 61 ✭✭HotMama89


    you can request a 3 month contribution holiday


  • #5
    torrevieja
    Registered Users Posts: 1,672 ✭✭✭torrevieja


    HotMama89 wrote: »
    you can request a 3 month contribution holiday

    hi HotMama89, does this mean you pay three after ur retirement agreed age

    and does this effect your finished plan


  • #6
    [Deleted User]
    Posts: 17,728 ✭✭✭✭ [Deleted User]


    torrevieja wrote: »
    hi HotMama89, does this mean you pay three after ur retirement agreed age

    and does this effect your finished plan

    You still retire at the same date.
    There's just less money in the fund.


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  • #7
    torrevieja
    Registered Users Posts: 1,672 ✭✭✭torrevieja


    dont suppose there going to give us a break for 3 months


  • #8
    Hyzepher
    Moderators, Recreation & Hobbies Moderators Posts: 4,664 Mod ✭✭✭✭Hyzepher


    you could convert to cash in the short term


  • #9
    torrevieja
    Registered Users Posts: 1,672 ✭✭✭torrevieja


    u mean add it to it at a later date


  • #10
    Hyzepher
    Moderators, Recreation & Hobbies Moderators Posts: 4,664 Mod ✭✭✭✭Hyzepher


    invest your pension in cash - less volitile


  • #11
    mloc123
    Registered Users, Registered Users 2 Posts: 9,454 ✭✭✭mloc123


    Stuck my entire fund into cash about 3 weeks ago... while all the other funds were in freefall


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  • #12
    cooperguy
    Registered Users, Registered Users 2 Posts: 2,650 ✭✭✭cooperguy


    mloc123 wrote: »
    Stuck my entire fund into cash about 3 weeks ago... while all the other funds were in freefall

    How are you going to time getting back into equities? Will you be buying them while they are cheap or will you be waiting till the market rises again?


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