Transferring PRSA to company DC scheme?

C

Celt07

Registered User
Messages
50
When I joined my present employer, it's then DB scheme was closed to new entrants so I took the PRSA option instead. Made monthly 4% contributions for several years to which my employer added 8%. My employer started a new DC scheme a few years ago where my pension contributions now go. I am no longer contributing to the PRSA but my fund remains in place. Both funds are a similar risk profile but returns for the PRSA are outperforming the DC scheme.

The fee for the PRSA is higher at 1% versus .65% for the DC scheme.

Is there any benefit to transferring the PRSA fund across so I have one pension "pot" or should I just keep the two in place?

Are there any benefits/disadvantages to either approach? If I decide to transfer, what's the best time to do so?

Thanks
 
One benefit would be the lower fees, not sure how far from retirement you are but that could be significant over time
 
You must log in or register to reply here.
Back
Top