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.