From pensionsauthority.ie: "PRSAs are flexible; you can increase, decrease or stop your contributions at any time without any charge or penalty". It's commonly cited as a benefit of the PRSA structure, but I don't think it's true in all cases. Lots of the approved PRSA schemes have got a contribution charge which varies based on the size of your contributions. Eg. Aviva Simple PRSA <€9,600 (pa) 5% ≥€9,600 (pa) 3% so... €800 pm => €776 equity €799 pm => €759 equity I don't think this kind of pricing structure is unfair, but I'm not sure it should be sold as "penalty free flexibility". Semantics aside, isn't a "discounted fee for higher contributions" functionally the same as an "increased fee for lower contributions"?