Apologies if I misunderstood your previous post but are you saying a net allocation of 100% wouldn't be available for that 0.65% AMC contract for a single premium of €100k+?Obviously the AMC‘s effects would become more pronounced as your fund grows but it would be a good move as long as the cost of a lower allocation rate (if you’re getting 100% now) doesn’t drastically exceed the current €350 annual savings.
Standard Life and New Ireland both offer 100% allocation, annual management fee of 0.75% for PRSA's over €100k. Standard Life offer the additional discount of 0.1% on its Vanguard range.
@Sarenco
They do offer a 0.25% rebate on regular contribution PRSA contracts with an allocation rate of 95% which brings the AMC down to 0.65% with no policy fee.
At 100% allocation? I suspect you won't do much better than an AMC 0.9% on a PRSA.What is the best rate for a fund value under €100K?
But the brokers might know of a better deal...
I don't think it's possible to transfer assets from a PRSA to a personal pension.Stick it in a personal pension.
I don't think it's possible to transfer assets from a PRSA to a personal pension.
No doubt but if the OP gets the PRSA balance up to €100k he can transfer to a lower AMC PRSA. So it might make sense to keep going with the current product, at least until he hits the €100k mark.No, it's not.
But if you have "new money", I think a personal pension is better value
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