I have had a PRSA with Irish Life since 2007. It set it up through a low cost broker and it was a nil commission and I have 100% unit allocation. I currently have paid in almost 17k and it is worth in and around 18,800.
Employer is now offering a new pension plan open to all staff. I was told that I could transfer my PRSA into it. However, am not sure if this is a good idea, as I am on low charges in my existing PRSA. Can I keep run 2 plans? I would be mad not to join the employers scheme (6% contribution this year and probably 4% thereafter?)
We have been invited to an open session for all staff on the pension - any idea of what questions I should ask?
Thanks for any responses.
Employer is now offering a new pension plan open to all staff. I was told that I could transfer my PRSA into it. However, am not sure if this is a good idea, as I am on low charges in my existing PRSA. Can I keep run 2 plans? I would be mad not to join the employers scheme (6% contribution this year and probably 4% thereafter?)
We have been invited to an open session for all staff on the pension - any idea of what questions I should ask?
Thanks for any responses.