Saturday June 6, 2020

Meagre take-up of pension access scheme

Almost 16,500 retirement savers have so far availed of the scheme

21st February, 2016
Will you have a nest egg when you retire?

More than €152 million has been withdrawn from Irish pensions by retirement savers since the government launched a pension access scheme three years ago.

A change to pension rules in 2013 gave retirement savers a three-year window to access up to 30 per cent of the accumulated value of so-called pension top-ups, also known as additional voluntary contributions (AVCs).

The three-year window will close at the end of March, which gives retirement savers just five more weeks...

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