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Pensions!

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By *heBigLad2024 OP   Man
3 days ago

kilkenny

Didn’t think I’d be dropping this topic here of all places for advice but here we are.

Looking for pension advice. I’ve currently started a new role with the HSE, leaving a job I was in for less than 2 years which I was paying into a pension with, meaning I could in fact withdraw my contributions. I also have another previous pension from the past aswel.

Just wondering what to do here, can I amalgamate all pensions together with my new HSE one or am I best off leaving all three pensions seperate. Really confusing stuff.

Also how can I locate online my previous pensions, when I log in to Irish life currently I only see my current pension.

Any advice welcome from a confused young man.

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By *elle111Woman
3 days ago

NI

OP I know up north gov are developing a new pensions dashboard so people will be able to trace the various pensions that they accumulate and make decisions and there is a helpline to give out regulated advice on it. It isn’t an easy answer with a lot of dependencies so u should seek proper financial advice just in case u lose out. But that is up north not sure what u guys have or the types of pensions u might have.

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By *heBigLad2024 OP   Man
3 days ago

kilkenny

Belle111 I appreciate the reply greatly. Yea I’m not aware of any service like that in the south here. It would be ideal if there was such a thing as I very much doubt I’m on my own with my lack of knowledge on the issue.

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By *tmustbeMan
3 days ago

dublin

Can’t carry forward private to public pensions. Of public to public you can carry of less than a 26 week break

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By *og-ManMan
3 days ago

somewhere

Ring Irish life with your details and ask them to find you on their system and issue you with a letter so that you have all the details written down

Print out the pension plan you have online so that if you die your benefactors will have something to look for

Ask the HSE pension provider about moving your existing pensions

If they say its not possible then don't worry about it anyway

If they say its possible then check all the costs of each plan to see who is cheapest and check existing returns too

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By *ntrigue2110Woman
3 days ago

Cork

It depends on a few things, but general rule of thumb is leave them all separate and allow to mature even if small.

Anything invested while you are young is earning far more on a compound basis and gives you more options for splits (lump sums etc) later in life when you need it more. Advice I didn’t have when I cashed in my few k here and there thinking if I was that stuck at retirement I was F’d anyway😂

Now, if it’s not a lot in any previous pensions and it would help with something like a house deposit that could be life changing, I would think the benefit of drawing it down would be high enough to justify it, but amalgamating is really no benefit, it likely won’t match the term benefits already accrued…sorry bit long winded there😂 if it’s any decent amount then go get proper financial advice with access to the details of each pension

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By *heBigLad2024 OP   Man
3 days ago

kilkenny

Lads thanks so much for the information/advice. Will take everything on board there, I appreciate ye all taking the time to give some well respected feed back there.

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