Gordon,
Not sure that is correct. The overall limit is still €2m ( effectively €2.16m). Splitting the funds does nothing to reduce the excess of funds tax. And whatever the make up - occupational pension + PRSA - the limit remains.
I still don't understand what the "planning" is?
Gordon,
I disagree. AVC funds (whether in a PRSA or not) have to be draw down at the same time as the attached main scheme funds.
Gordon,
I disagree. AVC funds (whether in a PRSA or not) have to be draw down at the same time as the attached main scheme funds.
You may be a member of an occupational pension scheme and also arrange a personal pension. However, it may not be possible to avail of the tax benefits in respect of both. You may not contribute to an occupational pension scheme and a personal pension arrangement at the same time in relation to the same employment. However, you may make a personal pension arrangement in respect of earnings from another employment or from self-employment.
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