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PRSA fund transfer for lower AMC?

  • 30-08-2021 05:52PM
    #1
    ATC110
    Registered Users, Registered Users 2 Posts: 309 ✭✭


    In a previous thread I read lower charges are available for PRSAs with a value >€100k. 

    Current PRSA with Zurich; 100% allocation, AMC 1% (through discount broker).

    Could anyone provide details of a lower-cost plan?

    Thanks in advance



Comments

  • #2
    richardbradley
    Registered Users, Registered Users 2 Posts: 83 ✭✭richardbradley


    Not much actually lower on AMC - Davy is 0.75 i think.

    As ever its not as simple as can you save a portion of the 1% though. The fund that you have with Zurich will often contain some hidden charges within the fund that you don't see - you can get a view by comparing the performance of it with what you would expect from a similar vanguard fund - that's what being in the fund costs you, and then the 1% on top for the actually PRSA admin etc.

    The job is to get the best possible return post costs for the level of risk that you want to take/should take - a decent financial advisor maybe worth a visit if you have more than 100k in it.



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