There's a very useful technical upate here for those who already have either of these products or are in the market for them.
There's also a quick comparison sheet here
For those that that want to maximise company contributions and are wondering which option might be best for them then the Max Funding Calculator now includes a PRSA comparison (100% of Salary) based on the inputs at any moment in time. NB : Pay attention to the notes at the end of the page.
It's likely that directors may transition from one to the other over their working life if they're using pension to extract wealth for the benefit of the business owner. You may also be given a choice soon via IORP II on an old Executive Pension you have and have to move, before end of April 2026, from your pre April 2021 policy to another one.
I haven't looked at the supports of other main providers as some of them aren't in the Master Trust market (Standard Life & Royal London) but if other intermediaries have helpful links from them they might include them below.
Gerard
www.prsa.ie
There's also a quick comparison sheet here
For those that that want to maximise company contributions and are wondering which option might be best for them then the Max Funding Calculator now includes a PRSA comparison (100% of Salary) based on the inputs at any moment in time. NB : Pay attention to the notes at the end of the page.
It's likely that directors may transition from one to the other over their working life if they're using pension to extract wealth for the benefit of the business owner. You may also be given a choice soon via IORP II on an old Executive Pension you have and have to move, before end of April 2026, from your pre April 2021 policy to another one.
I haven't looked at the supports of other main providers as some of them aren't in the Master Trust market (Standard Life & Royal London) but if other intermediaries have helpful links from them they might include them below.
Gerard
www.prsa.ie
Last edited: