PRSA - saving vehicle?

B

ballyb100

Guest
PRSA query.

I am interested in PRSA’s as a tax efficient way of saving and have two queries.

I am currently a teacher and make the usual contributions to the superannuation scheme. However I was wondering if a PRSA would be an option for enhancing my pension upon retirement or can I take one out?

When it says the money can be drawn out of the PRSA on retirement does that mean whatever age one retires i.e. 50, 55, 58 etc. from full time work or is it a fixed age such as 60.
 
Yes you can take out a PRSA. Retirement age will be the same as your superannuation benefits, and can be taken early from 50 onwards.

See also
 
Thank you 'chord of souls' for that very helpful link.
All the answers seem to be there.
thanks.
 
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