PRSAs

If you don’t have access to a pension through work, a Personal Retirement Savings Account (PRSA) could be the right option for you. It’s a cost efficient pension plan that virtually anyone can take out, to build up a fund for retirement.

New Fund options added to PRSA Choice

We are delighted to announce that the Protected Assets Fund have now been made available to our PRSA Choice contracts. Please click on the attached links for further information on these funds.

PRSA –Benefits for you

Tax Relief - You can currently claim up to 41%* tax relief on your contributions to your PRSA.
Tax-Free Growth** - Under current legislation the money you contribute is allowed to grow tax-free.
Tax-Free Lump Sum - Part of your fund may be taken as a tax-free lump sum at retirement.
Availability - Virtually anyone can have a PRSA
Flexibility and Portability - your PRSA can move with you if you change employment
Cost Efficient - save what you can afford to, knowing you can change the amount of your contributions at any time, to suit your personal circumstances
Investment Choice - we have a range of funds to choose from, so you can pick the option that’s right for you.

PRSA - Options

Employer PRSA – If you are an employer, you can set up a PRSA to enable your employees to save for their retirement, and in doing so, fulfil your legal obligation to provide a pension facility for your employees. Download Brochure
Employee PRSA - An Employee (PRSA) is an account set up by you to save for your retirement and is facilitated by your employer. Download Brochure
Individual PRSA - An account set up by you to save for your retirement.
AVC PRSA – a savings plan set up by you, or by your employer to boost your fund for retirement. Download Brochure

_{*41% assumesyou are a higher rate tax payer. It is important to note that tax relief is not guaranteed. You must apply to and satisfy Revenue requirements.}

_{** You should however note that a temporary Government p}_{ension levy of 0.6% will be applied to the value of the pension assets for the years 2011-2014.}