cologneboy
Registered User
- Messages
- 55
1) Yes - but you should also consider Notional Service purchase...there are a number of threads on AAM.1) Can I choose whatever AVC-PRSA provider of my choice or do I have to go with a particular one, chosen by the HSE (I'd like to go with Eagle Star)?
2) Will my German pension be taken into consideration in relation to the 3/4 of final salary rule as maximum for my pension?
3) Could I use my AVC-PRSA to fund a pension-mortgage and if so, who would be the most likely mortgage provider be?
Here are my questions:
1) Can I choose whatever AVC-PRSA provider of my choice or do I have to go with a particular one, chosen by the HSE (I'd like to go with Eagle Star)?
Is your job with the HSE your only job and does it provide an occupational pension? If the answer is yes to both of these questions then you may well be better off going with the HSE AVC scheme. The reason being that you would not receive any tax relief on contributions to a PRSA from another provider.
you can choose not to go with your employers AVC.
Hmm, that's not what it suggests here:
[broken link removed]
(Page 3, point 6)
The topic is less relevant now that Cologneboy has decided on another route.
The 2003 Revenue note says exactly as you say, however the Revenue have since clarified the position.
I've done a quick search of both the Revenue & Pensions Board websites and can't find the updates to support the fact that one CAN contribute to a stand alone AVC.
There are plenty of mesages on this site confirming that you can, as I said yesterday, my wife, a teacher, has one.
An article in the Sunday Business Post discussed the matter [broken link removed]
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