The Personal Retirement Savings Account (PRSA) is a simple flexible and attractive way plan for your retirement. A PRSA is a private pension plan that is managed by you, with the help of PAX Asset Management, and your life assurance company.
Any contributions made qualify for substantial tax relief and its flexibility ensures that you can make either regular contributions, lump sum contributions or both without penalty. The management charges that assurance companies charge are controlled by legislation it makes it a cost effective way to save.
PRSA’s at a Glance
The main decisions to be made when starting a PRSA include:
-
How much of my monthly income can I afford to pay into a PRSA?
-
How much tax relief will I receive?
-
Which provider should I choose?
Our Financial Advisors will explain these questions and help you to choose the plan which suits your requirements the best. To answer these questions and to begin your savings plan, please contact Pax Asset Management by completing the inquiry form below or call us on 01 652 0394 now.