Moving shares to a PRSA

M

moneymania

Guest
Is it possible to move company shares into a PRSA and avail of tax relief?
 
I don't think so. Maybe something like this is possible with a Small Self Administered Pension fund or something similar?
 
The only way to do this is to sell your shares, pay your Capital Gains Tax if applicable, invest the proceeds into a PRSA and claim your tax relief. The two transactions are unrelated.

Even if you do have a self-administered pension arrangement (which is rare in PRSAs) you can't sell any asset to your own self-administered fund so again you'd have to sell the shares, put the money into your pension and then instruct the self-administered arrangement to buy more shares, assuming you're talking about publically quoted shares.

Liam D. Ferguson
www.ferga.com
 
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