AVC v PRSA

[MBoyle]

Can anyone tell me the main differences between an AVC and a PRSA and why might one choose an AVC over a PRSA?

Many Thanks,

J

Moderator note: original mistakenly worded thread here: ARF v PRSA

 

[gordongekko]

[broken link removed]

Try this link

 

[South]

A PRSA is a pension scheme - usually for an individual.

An AVC is an extra contribution that an individual can make to an occupational pension scheme (usually their employer's group pension scheme).

You can use a PRSA for your AVC if you do not like the look of the employer's AVC arrangements.