luckycat007
New Member
- Messages
- 8
Hello all - I've recent changed jobs. I had a PRSA with Irish Life, and will have a new personal PRSA with Zurich.
The two options that Irish Life gave me upon exit were: 1. Transfer 100% of my PRSA to a PRB, or 2. Cash Lump Sum of 25% of my PRSA + Transfer to an ARF. (A third option was to take a full cash lump sum or annuity -not options for me under consideration).
I can read loads of information on PRBs and ARFs separately but not clear on what differences there are between the two options. I'm interested in flexibility and deciding what funds to invest in, and thinking of moving this money to Zurich as well, in either a PRB or ARF. I'm considering taking some lump sum in cash, which seems to restrict me to an ARF for the balance.
Thanks in advance for any assistance/pointers out there!
The two options that Irish Life gave me upon exit were: 1. Transfer 100% of my PRSA to a PRB, or 2. Cash Lump Sum of 25% of my PRSA + Transfer to an ARF. (A third option was to take a full cash lump sum or annuity -not options for me under consideration).
I can read loads of information on PRBs and ARFs separately but not clear on what differences there are between the two options. I'm interested in flexibility and deciding what funds to invest in, and thinking of moving this money to Zurich as well, in either a PRB or ARF. I'm considering taking some lump sum in cash, which seems to restrict me to an ARF for the balance.
Thanks in advance for any assistance/pointers out there!