Pre-Retirement Checklist

Coming close to retirement you need to be able to answer the following:

  1. What Pension will you receive?
  2. Will you recieve a tax free cash lump sum?
  3. Should you give up some of your Pension for a tax free cash lump sum?
  4. Will your Pension increase in payment?
  5. In the event of death does a portion of your Pension continue to your Spouse?
  6. Have you maximised tax relief through a “last minute” Additional Voluntary Contribution (AVC)?
  7. Will you have the opportunity to invest some of your fund in an Approved Retirement Fund (ARF)?
  8. Will you qualify for the State – Contributory Old Age Pension?

You need to be able to answer all these questions well before you retire and this is an area that Pensions And Finance are well placed to help you on.