Monday April 6, 2020

Savers take advantage of scheme to pull €81m from pension pots

30th December, 2014

About 130 people per month are availing of a government scheme that allows retirement savers to raid their pension pots early.

In Budget 2013, plans were announced to allow individuals a one-off option to withdraw some of the accumulated value of top-up pension contributions from their pension pot, with the withdrawal subject to tax. Almost 11,000 people have availed of the early pension access scheme.

The change to pension rules gave retirement savers a three-year window, starting from...

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