Benefits of Company AVC against PRSA

S

shipibo

Registered User
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A Chairde,


I am looking to put a lump sum into some pension product, and think PRSA is better because it allows me more flexibility in chossing.

Only benefit I can see in Company AVC is they automatically deduct money from my wages, and I do not need to wait for tax back ....


Am I missing something ...
 
If the company already has a company scheme the annual charges could be as low as .22%pa not including the 5% one off admin charge, whereas the prsa would have 1% pa. I am no expert but I presume the compound effect of 1% is alot more than .22%.
 
BorderUser,


The Fund charges range between .65 - 1 % PA, also Eagle Star charge 3.50 EUR per month per policy.

Am I restricted in PRSA funds I can pick, as for tax back ...
 
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