PRB or PRSA

M

Mark_jmc

Registered User
Messages
86
Hi,
I left my last company at the end of January this year. I have €60k in my pension. I have started a new job as a contractor so won't be joining a company pension certainly for the foreseeable future (at least 2 years)

With regard to the €60k I believe my options are:
- Leave where it is (the company is closing so not sure if this is an option)
- Transfer to a Personal Retirement Bond
-Transfer to a PRSA

I also want to set up a PRSA for my own contributions going forward

Would I be better putting the €60k into a PRB or into a PRSA and add to this PRSA with my own contributions?/ What factors should I consider when deciding which option to take?

I would much appreciate any insight or advice
Many thanks,
Mark
 
The PRSA from your old company scheme and one from your self employed income will be put in seperate PRSA contracts as different rules apply to both.

Go with the product with the best charges and fund choice.


Steven
www.bluewaterfp.ie
 
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