curiosity00
Registered User
- Messages
- 3
Hi all,
I'm considering taking out a pension at the moment. I spoke to a broker about this briefly and will be talking to them again. Before doing so, I wanted to get some information from the community if possible.
The broker suggested that a Personal Pension Plan was the best product because he says that with a PRSA the companies take a percentage of the money you invest in your pension. He says that is not the case with a Personal Pension Plan.
My employer offers a standard PRSA with several providers and as I understand it those providers take 2% of the money you invest, off the top. (Does that sound right?)
My employer will make a contribution to the PRSA or pay the money to us as extra salary.
So what I'm really interested in hearing are the pros and cons of each kind of pension plan, PRSAs and PPPs.
Please bare in mind that I may be moving jobs at some stage before I retire - in fact that seems very likely.
I also want to know if I would save money by doing this business directly with the pension provider and finally if people have views on the best provider.
Links etc. are especially welcome.
Many thanks
I'm considering taking out a pension at the moment. I spoke to a broker about this briefly and will be talking to them again. Before doing so, I wanted to get some information from the community if possible.
The broker suggested that a Personal Pension Plan was the best product because he says that with a PRSA the companies take a percentage of the money you invest in your pension. He says that is not the case with a Personal Pension Plan.
My employer offers a standard PRSA with several providers and as I understand it those providers take 2% of the money you invest, off the top. (Does that sound right?)
My employer will make a contribution to the PRSA or pay the money to us as extra salary.
So what I'm really interested in hearing are the pros and cons of each kind of pension plan, PRSAs and PPPs.
Please bare in mind that I may be moving jobs at some stage before I retire - in fact that seems very likely.
I also want to know if I would save money by doing this business directly with the pension provider and finally if people have views on the best provider.
Links etc. are especially welcome.
Many thanks