Greetings,
I'm 52. My basic monthly pay is 3,265 monthly, 2564 after deductions. I am a public servant so will have a defined benefit pension on retirement of 16,500 before tax if I stay till 65.
My question is about PRSAs. I was advised it wouldn't be worth my while given my age and it would be better to put money aside in a savings account.
However, you do get tax relief on PRSAs, so I'm wondering if this is the best advice.
Any tips?
I'm 52. My basic monthly pay is 3,265 monthly, 2564 after deductions. I am a public servant so will have a defined benefit pension on retirement of 16,500 before tax if I stay till 65.
My question is about PRSAs. I was advised it wouldn't be worth my while given my age and it would be better to put money aside in a savings account.
However, you do get tax relief on PRSAs, so I'm wondering if this is the best advice.
Any tips?