You need to be 50 years of age to draw down from an occupational pension, however, this may vary depending on the individual scheme rules and you will need to obtain your employer’s consent.
The age limit also depends on the type of pension policy you hold.
The age limit of 50 also applies to Buy out Bonds.
However, you must be 60 years of age in the case of a PRSA although this is age 50 for an employee leaving service.
Personal Pensions can be accessed at age 60 if you are ceasing employment.
Some professions such as sportspeople can also access their pensions early.
Revenue rules also allow you access to your pension if you are permanently unable to work due to serious illness.
