pensions

[jagjos]

Is there anyway to release a government pension scheme before retirement? ive been paying into it for a couple of months before opting out, and the local council are saying i cant touch it till i retire. doe anybody know of any loopholes?

[dzug]

You can get it transferred into whatever alternative scheme you have opted for, assuming you have.

There used to be a loophole that if you left the employment within ( I think) 2 years that you could get your contributions, less tax, back.

If they haven't closed this then it's the only way without waiting until you retire or die.

[buildersmate]

I believe the 2 year rule is still operating. Most of not all Government departments insist on buying you back into the State (as distinct from Government department civil service scheme) if you leave with less than 2 years service.

[jagjos]

ok thanks, thats helpful i'll look into that 2 year loophole clause