is 'lump sum PRSA' = 'single premium PRSA' ?
Are you sure that there is such a thing as a "single contribution PRSA" per se as opposed to a PRSA that is set up (at least initially) with a single lump sum contribution, with no ongoing regular contributions but which can usually or always still accept subsequent lump sum topup contributions (maybe subject to some minimum amount) such as annually or whenever you have the cash spare to contribute?
Thanks - that's what I thought. I guess that the PRSA provider might put some limit on the size of a lump sum that they would accept or something?
I heard from someone too that there is no such thing as a lump-sum PRSA just a single contribution one.
But he told me xtra contributions can be made to the single contribution PRSa
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