Hi,
Mrs Redzer has just signed up for a PRSA and was asked what her retirement age would be. She is 52 and would like to be able to retire at 60 if possible so she gave that answer. Does that answer actually affect the drawing down of the PRSA in due course as she is over 50?
She may still need/want to work past 60 so can the PRSA still remain in place and take contributions after she turns 60?
She can probably still change it to 66 as its still open to correction but would she then not be able to avail of it until she was 66 even if she does retire earlier?
I believe you can draw down a PRSA at any stage after 50 subject to tax? She has no other pension but I hope to have enough for both of us in time.
Even if she does retire at 60 can she leave the PRSA grow until she wants to get a lump sum / have ARF?
Apologies if I'm overcomplicating it but we don't want to be locked in/out unnecessarily.
Thanks for any feedback
Mrs Redzer has just signed up for a PRSA and was asked what her retirement age would be. She is 52 and would like to be able to retire at 60 if possible so she gave that answer. Does that answer actually affect the drawing down of the PRSA in due course as she is over 50?
She may still need/want to work past 60 so can the PRSA still remain in place and take contributions after she turns 60?
She can probably still change it to 66 as its still open to correction but would she then not be able to avail of it until she was 66 even if she does retire earlier?
I believe you can draw down a PRSA at any stage after 50 subject to tax? She has no other pension but I hope to have enough for both of us in time.
Even if she does retire at 60 can she leave the PRSA grow until she wants to get a lump sum / have ARF?
Apologies if I'm overcomplicating it but we don't want to be locked in/out unnecessarily.
Thanks for any feedback