If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Can a PRSA be utilised to service a debt?

patjack · 2012-01-06 02:05:39

Hi all, think I know the answer to this but can funds held in a PRSA, be used to pay a debt with a financial institution? Basically I have a loan which I cannot service currently, but I have money in a PRSA, it's over three years so I don't think I can withdraw my contributions, just wondering whether there is anyway in…

06-01-2012 2:05am

#1

patjack

Registered Users, Registered Users 2 Posts: 313 ✭✭

Join Date: December 2010

Posts: 238

Hi all, think I know the answer to this but can funds held in a PRSA, be used to pay a debt with a financial institution?
Basically I have a loan which I cannot service currently, but I have money in a PRSA, it's over three years so I don't think I can withdraw my contributions, just wondering whether there is anyway in extenuating circumstances that the ownership of these funds can be transferred to the financial institution?????

0

Comments

#2 06-01-2012 5:37pm

Mort5000

Registered Users, Registered Users 2 Posts: 419 ✭✭

Join Date: June 2008

Posts: 404

Generally 'no', but get in contact with your PRSA management company and ask.

0
#3 06-01-2012 7:04pm

Pablo Sanchez

Closed Accounts Posts: 1,207 ✭✭✭

Join Date: May 2008

Posts: 1136

No. Unless the revenue give you a special dispensation, but im yet to see that happen im afraid.

0