if her only income is from the public service she cannot continue with a stand-alone PRSA. She can establish an AVC (even a PRSA AVC) up to a total of 20%.
It has to be a specific AVC PRSA, linked to the public sector pension. So a new AVC PRSA.
Sorry I should have added that my wife would intend retiring at 60 so the contributions would be for approx 5 years x 18k per annum so very short term but worth it for the tax relief and taking of the 25% tax free at age 60.
POC did you have any luck finding a better deal on where to go?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.
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