Why aren't you in the single scheme?Obviously I am not in the Single pension scheme
Sorry about that - I didn't mean to include the 'not' there! I edited my OP. I am in the Single Pension scheme
Hi, what is a discount broker? Who provides these AVC-PRSAs?Any public servant can buy an AVC-PRSA with zero contribution fees and 1% AMC from a discount broker.
Apologies for the basic questions but can you step me thru how it works?One difference.
Some brokers (e.g. Cornmarket) have the right to do salary deductions directly from PS payrolls.
Discount brokers don't, so you pay the conts out of your current a/c, this means you must claim the tax relief yourself.
No catch.
Companies sell their products through different channels.
I can buy the same room in a hotel through many different ways: direct / phone/ e-mail / website / booking.com, etc.
In the same way, insurers like IL and Zurich sell their products through various channels.
Most brokers are the traditional type, give advice, charge more.
Some brokers have decided on a different model: lower fees, no advice.
You make your choice.
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