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PRSA and Single Pension Scheme

Daith · 2022-09-30 09:56:56

Hi all, I worked in the private sector before joining the public sector in my 30s. My pension from the private company was put into a PRSA. Am I able to transfer the PRSA into the SPS? Or use it in anyway for the SPS, buy AVCs etc? All new to me but I'm clocking on. Thanks

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30-09-2022 10:56am

#1

Daith

Registered Users Posts: 4,933 ✭✭✭

Join Date: December 2006

Posts: 4826

Hi all,

I worked in the private sector before joining the public sector in my 30s. My pension from the private company was put into a PRSA. Am I able to transfer the PRSA into the SPS? Or use it in anyway for the SPS, buy AVCs etc?
All new to me but I'm clocking on.

Thanks

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#2 30-09-2022 1:33pm
pemtca

Registered Users Posts: 978 ✭✭✭

Join Date: January 2011

Posts: 966

Yes you can, but there are T&Cs
https://singlepensionscheme.gov.ie/for-employers/circulars-legislation-2/circular-15-2019-purchase-and-transfer-of-retirement-benefits-under-the-single-public-service-pension-scheme/

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#3 30-09-2022 2:34pm
Daith

Registered Users Posts: 4,933 ✭✭✭

Join Date: December 2006

Posts: 4826

https://www.boards.ie/discussion/comment/119684781#Comment_119684781

Cheers. Need to look into it more. Might be time to check with an advisor. Thanks again!

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