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 anyone can take out to build up a fund for retirement. You can also claim tax relief (up to 41%*) on the contributions you make to your PRSA.
PRSA - Benefits For You
- Tax Relief - You can claim up to 41%* tax relief on your contributions to your PRSA.
- Tax Free Growth**: Under current legislation, the fund in which your contributions are invested benefits from tax free growth, unlike most other saving methods which are liable for tax.
- Tax Free Lump Sum- A portion of your fund may be taken as a tax free lump sum at retirement, subject to Revenue rules.
- 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.
Contact one of our friendly financial advisors to talk about your PRSA options or read our brochures below to find out more:
*Assuming higher rate taxpayer 41%. It is important to note that tax relief is not automatically guaranteed; you must apply to and satisfy Revenue requirements. Revenue terms and conditions apply.
**A temporary Government pension fund levy of 0.6% will be applied to the value of the pension assets on the 30th June for the four years 2011 – 2014.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: These figures are estimates only. They are not a reliable guide to the future performance of the investment.