Claiming PRSA

C

cdutd

Guest
You've probably been asked this tons of time but this is my first time here.

I have about 1200 sitting in a PRSA a/c that I haven't contributed to for about four years. Is it possible to just take it out??
 
No

A refund of PRSA contributions is only permitted in the following circumstances

(i) Under Section 111(3) of the Pensions Act, 1990, as amended where monies can be refunded within the 30 day cooling off period; or

(ii) Under Section 109 of the Pensions Act, 1990, as amended, where the assets do not exceed €650, no contributions have been received for 2 years and a period of 3 months has expired since the PRSA Provider wrote to the contributor advising the contributor to transfer his/her PRSA assets to another PRSA or pension arrangement or to make further contributions.
 
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