There are no regulations preventing you from transferring your AVCs to an AVC PRSA.Thanks. So, in summary AVCs are set up on your behalf by your employer and they do a PAYE type scheme handling all tax month by month - whereas a AVC-PRSA is set up by you where you do the depositing and settling of your tax at year end? But - is there a definite regulation somewhere against transferring all my cash in my AVC to the AVC-PRSA. They are both tied to my job/employer.
The hassle of handling two AVCs rather than one - and working out the lump sum etc when it comes to retirement. It's in everyones best interest if I can transfer over.
But - is there a definite regulation somewhere against transferring all my cash in my AVC to the AVC-PRSA. They are both tied to my job/employer.
So, in summary AVCs are set up on your behalf by your employer and they do a PAYE type scheme handling all tax month by month - whereas a AVC-PRSA is set up by you where you do the depositing and settling of your tax at year end?
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