Hello I am looking for some advise on a PRSA. I actually find the topic very foggy and I hope somebody can help me.
I am 57 and have a PRSA with Zuruch. I am paying roughly 100 Euro a month into it.
The current transfer value is ca Euro 21000 and Future value is ca 25500 at 60.
What I understand is: I can take 25% of this as a lump sum and Zuruch is paying me a monthly income of 57 Euro ( this figure is shown in future values) .
So from the remaining ca 19200 Zuruch would pay me 57 Euro a month until the money is used up? Is this correct? Is this a good deal?
There seem to be other options like AMRF or Annuity.
Can somebody explain in simple words what these options mean?
Thanks in advance
I am 57 and have a PRSA with Zuruch. I am paying roughly 100 Euro a month into it.
The current transfer value is ca Euro 21000 and Future value is ca 25500 at 60.
What I understand is: I can take 25% of this as a lump sum and Zuruch is paying me a monthly income of 57 Euro ( this figure is shown in future values) .
So from the remaining ca 19200 Zuruch would pay me 57 Euro a month until the money is used up? Is this correct? Is this a good deal?
There seem to be other options like AMRF or Annuity.
Can somebody explain in simple words what these options mean?
Thanks in advance