Electronics
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Thank you, although the company has employees in other countries the Irish office is small, are there better value PRSAs available?"there is a 3% contribution charge and a 1% fund management charge"
I would dump that PRSA plan
Setting up an Occupational Pension Plan would be to much for such a small employer
Thanks Red Onion I rather act on what’s available now than make speculative decisions on what might be a better option in the futureThere is a distinction between Standard PRSA and Non-Standard PRSA.
Yours must be a Standard PRSA, they are allowed under the Legislation to charge up to 5% on Contributions and a 1% fund management charge.
DavySelect have a Non-Standard PRSA which has a 0.75% annual management charge, which I would consider excessive.
The equivalent SIPP in the United Kingdom have a charge of 0.25%.
I would be hopeful with Pan-European Pension Products coming on stream that charges will decrease.
I would be hopeful with Pan-European Pension Products coming on stream that charges will decrease.
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