C
CS1
Guest
I am just looking for some advice and cannot find any threads relating to my particular query.
I am leaving my current employer having been with the company pension scheme for about 17 months. My new employer will not be offering a company pension scheme until January at the earliest. I am considering setting up a PRSA in the meantime and then hopefully transferring it to my new employer's pension scheme whenever that is set up. My questions are:
1. Is this a recommended route or should I just wait until my new employer's scheme is set up and not worry about the PRSA?
2. Should I leave what is in my current scheme where it is or cash it in and put in the PRSA/new company scheme? (it is only worth about €1500 and I am guessing it will dcrease significantly once my employer's contributions are deducted)
3. Should I set up the PRSA anyway and keep it up along with the new employer's scheme as an added pension fund upon retirement?
I am 31 years old and only started my first pension last year as I worked abroad before that. Any recommendations or advice is appreciated.
Thank you.
I am leaving my current employer having been with the company pension scheme for about 17 months. My new employer will not be offering a company pension scheme until January at the earliest. I am considering setting up a PRSA in the meantime and then hopefully transferring it to my new employer's pension scheme whenever that is set up. My questions are:
1. Is this a recommended route or should I just wait until my new employer's scheme is set up and not worry about the PRSA?
2. Should I leave what is in my current scheme where it is or cash it in and put in the PRSA/new company scheme? (it is only worth about €1500 and I am guessing it will dcrease significantly once my employer's contributions are deducted)
3. Should I set up the PRSA anyway and keep it up along with the new employer's scheme as an added pension fund upon retirement?
I am 31 years old and only started my first pension last year as I worked abroad before that. Any recommendations or advice is appreciated.
Thank you.