Daddy Ireland
Registered User
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She does not have to use Cornmarket broker.
She can buy an AVC-PRSA herself.
But cannot get tax relief through payroll via anything other than a Cornmarket product, correct?
Could that be because the Unions are getting part of the charges as a "kick-back"???Is it possible to get a cheaper AVC PRSA than the 1% p.a.? Partner also recently joined public sector and was looking into the options. Scandalous that the union's have not negotiated a better deal....
This is a very expensive set of charges. I would certainly look elsewhere.I rang Cornmarket a few weeks ago. I was told the AMC is 1.75%, the contribution charge is 5% initially but averages out at 3.75% on maturity. There also is a fee of €450 to meet their consultant.
Needless to say, I will continue to look into other options.
Is it possible to get a cheaper AVC PRSA than the 1% p.a.? Partner also recently joined public sector and was looking into the options. Scandalous that the union's have not negotiated a better deal....
There is no 25% tax free lump sum for your wife. If she is in the public service, she is in a defined benefit pension scheme and her tax free lump sum is based on years service and salary.
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