PRSA - very small, can it be cashed in

[BrownEyesDublin]

hi there. DH has an Irish Life standard PRSA which he stopped paying into in 2009 when he was made redundant. We're both now working in public sector jobs (Single Pension Scheme). The current value of the PRSA is 7k p.a. which I think is is a pension of 280e per anum (I think I read that right). The contributions amounted to 4k.

Can he cash in this pension and take any resulting tax hit? If so, how does he do this?
If not, is it worth restarting the monthly payments. He's 48 now, I'm 49, we've another 20 years to before retirement. Thanks.

 

[Conan]

Simple answer is NO.
the earliest the PRSA can be encased is age 60.
If he is now in the new Public Service scheme and wants to invest additional contributions then he can by means of Additional Voluntary Contributions to a new AVC PRSA.