Only if you are retiring and drawing the benefits from your main scheme. From age 55.
There are a number of benefit options at draw down, depending on the individual circumstances of each member and Revenue restrictions:
Immediate cash lump sum
Purchase an annuity, to provide an income for life
Transfer the pension fund to an Approved Retirement Fund (ARF)
Increase the tax-free lump sum on retirement or put the AVC pension fund towards your tax-free lump sum and avoid reducing other annual pension benefits.
Provide or increase dependant’s pension.
Which option or combination of options is best for you will depend on your circumstances when you retire.