If I move My UK Pension to Ireland, When Can I access It?
The minimum retirement age on a QROPS Pension in Ireland which was transferred from the UK is 55.
All transfers received into the QROPS after 6th April 2017 can only be accessed where you have not been UK tax resident for at least 10 UK tax years prior to accessing pension benefits.
If you meet the requirements you can normally receive 25% of the value of your pension tax free (up to a value of €200,000). You can then start to receive a monthly pension income.
When you are making any decisions about your pensions it’s important to get advice from a financial advisor to make sure that you are maximising your benefits when it comes to pensions and tax reliefs.
The next step is to contact Joanne on 01 5267770 or email jfenelon@guardianwealth.ie, Joanne will schedule a free advisory telephone appointment for you with our UK Pension Transfer Advisors.
Jim has been providing tax, pension/investment and lifetime financial planning advice to clients for over 30 years. He has an in-depth understanding of Business Owners and their requirements, which allows him to guide his clients through the complex world of long-term financial planning.
