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Prsa avc /public service

  • 30-04-2015 6:03am
    #1
    2012paddy2012
    Registered Users, Registered Users 2 Posts: 2,880 ✭✭✭


    I have 10 years of prsa/avc completed it is 15 yrs in total. I claim relief every year. Most efficient way to save when I started 10 yrs ago. I will get A lump sum then it converts to an arf / depending on my circumstances in just under 5 yrs.eg low / high tax rate - working not working - income etc.
    I would prefer a full lump sum. Is it possible to convert. That prsa ....now....to another type of policy that will allow lump sum only ...my concern is fees...loss of the tax relief etc ..... Are there budget changes in recent years encouraging people to spend pension pots ... ? Without losing reliefs etc ?? Thks


Comments

  • #2
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,886 ✭✭✭The J Stands for Jay


    The payout will be based on the same pension rules, regardless of the type of product you have it in (prsa avc or avc scheme).


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