On the change / no change to the RAC.
The fact that it's still available means that those who are eligible to buy them (self-employed or in employement and not a member of an pension scheme) can still buy Pension Term Assurance products. Those who have PRSAs cannot, after the changes to that product on 01/01/2023 and no news on whether thats' going to be fixed.
The life cover doesn't suit everyone as it's non-assignable but the tax relief on premiums (up to age related limits and combined with pension contribution) is attractive.
Gerard
www.prsa.ie
The fact that it's still available means that those who are eligible to buy them (self-employed or in employement and not a member of an pension scheme) can still buy Pension Term Assurance products. Those who have PRSAs cannot, after the changes to that product on 01/01/2023 and no news on whether thats' going to be fixed.
The life cover doesn't suit everyone as it's non-assignable but the tax relief on premiums (up to age related limits and combined with pension contribution) is attractive.
Gerard
www.prsa.ie