Probably the best (cheapest) PRSA in the world?

[LDFerguson]

Even if you’ve already maxed out your tax relief limits (e.g., 25% of earnings under age 40),

That's wrong.

This limit includes both your contributions and your employer’s (BBH’s 8%).

That's wrong.

And - fundamental issue - some of your fund is probably going to be taxed when you withdraw it. So you don't get tax relief on contributions but pay tax on withdrawals.

I agree with @GSheehy - you're better off searching through Askaboutmoney for correct information; not ChatGPT.

 

[doranalex1]

Hi All, another question: I want to set up a PRSA and I’m considering both RL and Zurich but not sure how to choose.

Should I simply be going with the one with lowest AMC fees?
Or is it more important to focus on the overall fund performance?

Thanks

 

[Fortune]

This is a huge advantage versus investing through a regular brokerage account where you’d be taxed on gains or income annually

Tax free growth, but it neglects to mention that it will be taxed on the way out

 

[ClubMan]

Should I simply be going with the one with lowest AMC fees?

I would tend to prioritise this but other factors like customer service are also important.

Or is it more important to focus on the overall fund performance?

I would be inclined to go with something like a passive tracker (e.g. MCSI World Equity Index) so the returns should be very similar regardless of the underwriter.