PRSA Pension Scheme

MrJones · 2006-02-07 14:37:04

Hi, Im currently setting up a PRSA possibly with Irish Life. Does anyone know what the best PRSA to go with. I think they are all similar as in 5% of each installment goes to them and 1% of overall when you claim or something like that. Anyone like to lend some advice that's in the know????

07-02-2006 03:37PM

#1

MrJones

Closed Accounts Posts: 468 ✭✭

Join Date: January 2006

Posts: 446

Hi,
Im currently setting up a PRSA possibly with Irish Life.
Does anyone know what the best PRSA to go with.
I think they are all similar as in 5% of each installment goes to them and 1% of overall when you claim or something like that.
Anyone like to lend some advice that's in the know????

0

Comments

#2 11-02-2006 09:45AM

RainyDay

Closed Accounts Posts: 6,925 ✭✭✭

Join Date: May 2002

Posts: 6830

MrJones wrote:

I think they are all similar as in 5% of each installment goes to them and 1% of overall when you claim or something like that.

5% bid/offer spread is a huge fee - this is the 'standard' PRSA fee, but not all PRSA's are standard. Contact a fee-based broker (such as www.ferga.com, www.labrokers.com, www.myadvisor.ie) who will charge you a flat fee up front of a couple of hundred euro but the ongoing fees will be much less.

There is no 'best' PRSA - you need to investigate to find something that matches your risk profile.

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