I have a PRSA for 15 yrs. , due to finish at 55. I am 49 now , I have about 12 k or so in it at Mo , just upped payments monthly to 160 ..
Just after listening to a guy on Joe Duffy show who had a pension saving plan of some description , over 30 yrs he had 40 k in it at the end...but he only got 11k cash and now gets 117 per month as an (ARF?) and as he says himself ...it wouldn't buy toilet roll!
On reading the small print on mine ...I seem to be heading down the same road...I would much prefer a lump sum of some sort rather than this very small sum....each month and a very small cash amount...my cash amount will depend .."on my circumstances" when I retire, I have no way of knowing what the lump will be or indeed the monthly payments just a rough guess..from PRSA provider...
Question...have I any options in the middle of this PRSA , besides just stopping it ...and starting some other type of policy...at this late stage
Many thanks
Deco
ps public servant ..age 49 can retire at 50 or 60 latest ...thks again deco
Just after listening to a guy on Joe Duffy show who had a pension saving plan of some description , over 30 yrs he had 40 k in it at the end...but he only got 11k cash and now gets 117 per month as an (ARF?) and as he says himself ...it wouldn't buy toilet roll!
On reading the small print on mine ...I seem to be heading down the same road...I would much prefer a lump sum of some sort rather than this very small sum....each month and a very small cash amount...my cash amount will depend .."on my circumstances" when I retire, I have no way of knowing what the lump will be or indeed the monthly payments just a rough guess..from PRSA provider...
Question...have I any options in the middle of this PRSA , besides just stopping it ...and starting some other type of policy...at this late stage
Many thanks
Deco
ps public servant ..age 49 can retire at 50 or 60 latest ...thks again deco