Author: Don Obrien

Your personal finance questions – Can I access my pension early to fund my son’s education?

Q I have a personal retirement bond with Irish Life from my previous employer which is no longer in business.

I stopped paying into the pension years ago but in 2017 it was transferred into my name after my employer closed. In 2017 it was worth €17,269, today its worth €20,839. I can’t access the fund until I am 50. I am 45 now.

Is there any way I could access the fund now? Our 18-year-old son has started third level and with fees etc, I need it more now than in five years. I have a new private pension with my new employer but obviously that’s for when I’m 65.

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Oliver Bolt

Oliver Bolt

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