Retail Redundancies: Can You Unlock Your Pension Early After Job Loss at Primark?.
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Unlock Pension Retail Redundancy – Access Your Tax-Free Lump Sum
If you’ve recently faced retail redundancy in Ireland, you may be able to unlock your pension and access a tax-free lump sum. At Q Financial Advisors, we help former retail employees — from Tesco, Dunnes Stores, Debenhams, and SuperValu to Primark HQ staff — understand how to unlock pension retail redundancy benefits and take control of their retirement options.
What Happens to Your Pension After Retail Redundancy?
When you’re made redundant from a retail role, your pension usually becomes “preserved.” That means it remains in your former employer’s scheme — unless you qualify to unlock your pension after redundancy.
You may be eligible to:
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Transfer your preserved retail pension to a personal scheme
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Unlock part of your pension if you’re aged 50+ and employment has ended
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Access a tax-free lump sum and review drawdown or ARF options
Who Can Unlock Pension Retail Redundancy Benefits?
You may qualify to unlock pension retail redundancy funds early if:
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You are aged 50 or over
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You are no longer employed by your retail company
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You have a preserved occupational pension
Our advisors at Q Financial can check your eligibility for free and explain your best options clearly.
Primark HQ Redundancy & Pension Options
With Primark’s Dublin HQ redundancies, many professionals in admin, HR, and finance roles are discovering they can unlock their pension after redundancy. If this applies to you, don’t leave your pension untouched — it could hold thousands in tax-free benefits.
Don’t Leave Retail Pension Money Behind
Your preserved pension could be worth tens of thousands of euro. If you qualify to unlock pension retail redundancy benefits, that money can be working for you right now — not sitting idle in a company fund.
👉 Book Your Free Pension Review Today
👉 Book your free pension review today:
https://unlockpension.ie/request-a-callback/
Frequently Asked Questions About Unlocking Pension Retail Redundancy for Primark Staff
How is my pension affected if I’m made redundant from Primark?
If your employment ends at Primark’s retail office or HQ, your occupational pension is usually “preserved” in the scheme. However, employees over 50 may qualify to unlock part of their pension early after redundancy, giving access to a tax-free lump sum while the remainder continues to grow.
Can Primark retail staff access their pension early after redundancy?
Yes. Staff who are aged 50 or older and no longer employed by Primark can often take advantage of pension retail redundancy options. Q Financial can assess your eligibility quickly and guide you on the amount available and the best way to access it.
What redundancy entitlements do Primark retail workers have in Ireland?
Primark employees are entitled to statutory redundancy payments, calculated by service length, weekly salary, and age. Some may also receive additional ex-gratia payments, which may be tax-free. Understanding how these payments interact with your early pension access is crucial for maximising your benefits.
Who can provide guidance on unlocking pension after Primark redundancy?
Q Financial Advisors, regulated by the Central Bank of Ireland (Ref No. C135240), specialise in retail redundancy and pension advice. We provide a free, confidential eligibility check to help Primark staff understand their options, access tax-free funds, and plan their financial future.
