Hi Liam,
If an employees renumeration is on the low low side and a large contribution is made to the PRSA, how is this viewed by revenue?? No salary surrender.
Learn how to retire. Explore creativity. At this stage you are only working for the tax man. Hopefully your kids are like you and do their own thing in life, inspire them to live one. Well done by the way.
I mean, my limited company from where the pension contributions are made. To be clear, keep my limited company operating, but retire my prsa pension and take TFLS.
Thanks Liam, your advice is always taken on board.
So, if I go this route, and retire the self administered PRSA, can I continue working at my existing company?? Is it possible to set up a new Prsa under the new rules and contribute to that pension??
Am I wrong is saying these guys have 4000 resi units and the Value of the company is 540million. That's 135k per unit, could a government housing body not step in, in the event they are going private???
Hi Gérard, so if the government change the rules, its best to move now. I have monies within a company that would suit a transfer into a Prsa. The rules can't change retrospective can they?