Can I cash in/ Surrender Prsa

Darragho · 2011-09-06 13:00:20

Hi, Just wondering does anyone know if I can cash in my PRSA, have not paid into it since 2006 and could do with some cash to pay off a few bills. Thanks

06-09-2011 02:00PM

#1

Darragho

Registered Users, Registered Users 2 Posts: 40 ✭

Join Date: April 2011

Posts: 26

Hi,

Just wondering does anyone know if I can cash in my PRSA, have not paid into it since 2006 and could do with some cash to pay off a few bills.

Thanks

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#2 07-09-2011 08:45AM

Kennie1

Registered Users, Registered Users 2 Posts: 302 ✭✭

Join Date: February 2010

Posts: 297

You cannot surrender your PRSA until you are 60 except in the following circumstances;

You are age 50 or over and have retired and with your employer's concent

The value of the assets are less that €650

At any time if you have to retire due to ill health.

Apart from this you cannot cash it is.

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