Hi,
I'm currently contributing €1,000 per month to an Irish Life PRSA (concensus fund) through my employer. My employer is not making a contribution. The allocation rate is 95% and the management charge is 1%.
In view of these standard, but high, charges, I would like to find out about changing to a self-administered fund. Will I still be able to get the 42% tax relief if I don't go through my employer's official PRSA scheme? Are Eagle Star the only company doing the self-administered funds? Are there any other catches if I switch from the Irish Life PRSA to a similar type consensus fund with the likes of Eagle Star?
Tnx,
G
I'm currently contributing €1,000 per month to an Irish Life PRSA (concensus fund) through my employer. My employer is not making a contribution. The allocation rate is 95% and the management charge is 1%.
In view of these standard, but high, charges, I would like to find out about changing to a self-administered fund. Will I still be able to get the 42% tax relief if I don't go through my employer's official PRSA scheme? Are Eagle Star the only company doing the self-administered funds? Are there any other catches if I switch from the Irish Life PRSA to a similar type consensus fund with the likes of Eagle Star?
Tnx,
G