G
gabhla
Guest
Hi,
I'm employed by a state body for the last 4 years, I've bought back as many years of service as I could and now wish to take out an additional PRSA AVC.
The group scheme, with NEW IRELAND,which would be deducted from my salary has the following charges:
24.54% in the first year.
2.75% first 10years of policy
0.75% after 10years of policy.
I intend putting in about €3,500 in year 1, increasing it every year,and retiring at 60 if possible, 42 now.
what I would like to know,
are the charges excessive?
would I be better taking out a low cost standard PRSA AVC, and claiming back the PAYE/PRSI myself.
Many Thanks
I'm employed by a state body for the last 4 years, I've bought back as many years of service as I could and now wish to take out an additional PRSA AVC.
The group scheme, with NEW IRELAND,which would be deducted from my salary has the following charges:
24.54% in the first year.
2.75% first 10years of policy
0.75% after 10years of policy.
I intend putting in about €3,500 in year 1, increasing it every year,and retiring at 60 if possible, 42 now.
what I would like to know,
are the charges excessive?
would I be better taking out a low cost standard PRSA AVC, and claiming back the PAYE/PRSI myself.
Many Thanks