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PRSA personal retirement saving account

  • 02-09-2013 11:28am
    #1
    Lily2012
    Registered Users, Registered Users 2 Posts: 2 ✭


    I took out a PRSA in 2007 while I was working. I was made redundant in 2011 and ceased to contribute anymore payments. I receive a statement every six months to let me know the value of my PRSA assets. I contacted the company to see if I could cash in the policy. They have told me I can't do this until I either reach retirement or until I'm 50. What I want to know is has anyone else been in a similar situation? I am presently unemployed and struggling financially, the funds I have in this scheme would really help at the moment. I will be 50 in 18months but would like to know does anyone know if there is a road around this as I would like to cash in my fund immediately. After all its my money why can't I have it now when I need it badly.
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