Dublin Abu
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Sorry wasn’t sure if I could be specific on this forum.
It’s a Zurich product.
I can't find any reference to that as a fund name on the Zurich website, so I can't really comment. Are there details in your paperwork about the charges applied, and any particular comments from the broker on the tax efficiency issue?Zurich balanced pension and investment ?
Is the PRSA relating to your current employment with HSE? If so, I believe you have to retire at the same time for both your main employment and the PRSA. You probably don't have to draw down your PRSA though, so you could leave it invested until you need it afaik.I am in a similar situation I have a prsa / avc with Zurich in world global fund ,just wondering what happens when I retire from the hse with 18 years service at 65 , salary 40 000 as only work part-time and the prsa /avc is worth € 57 000 do I have to draw down both at the same time or could I let the prsa run until 70
I am in a similar situation I have a prsa / avc with Zurich in world global fund ,just wondering what happens when I retire from the hse with 18 years service at 65 , salary 40 000 as only work part-time and the prsa /avc is worth € 57 000 do I have to draw down both at the same time or could I let the prsa run until 70
If it's an AVC PRSA set up to supplement your HSE pension, you must draw it down at the same time as you draw your pension from the superannuation scheme. What you draw from the AVC PRSA must take into account what you're drawing from the main scheme.
Were you also working for the HSE when you were paying into these policies?Hi itchy was working the weekend no chance to reply I entially started cornmarket avc in 2004 then started my own one in 2007 as cornmarket were very expensive this was just a standard prsa withh zurich then in 2012 I took a career break and worked for company that does defined contribution so I had to open prsa/avc to get tax rebate so now I have
avc cornmarket 10 000
standard prsa Zurich 20 000
prsa/avc Zurich 37 000
the Zurich have been very good I only put in 18 000 and it’s gone up to 57 000
i mostly did them to get 40% tax rebate
now I’m back working withe the hse and paying superannuation but only part time pay very little tax so have not payed into them in years
i would like to know what my options are when I retire at 65 I’m the old system as joined in 1996
thanks for any replies
Thanks, I'm a few years away yet (unfortunately), so I won't have any imminent news. It almost seems to fall into the 'too good to be true' category, so I'd love to hear thoughts from other AAM users who know more about this stuff than me.Hi retirement plan
I’ve read your other tread and it looks like you are in the process of doing this when you are further along this process would you mind posting as not sure what I need to do and it would benefit other aam users in similar circumstances
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