prsa vs other options

Hello,

My company are currently giving me an extra 8% (I don't have to make a contribution) which we can use to subscribe to their PRSA. Or we can take it in cash if not.

At the moment, I am just taking it in cash and obviously paying tax on it.

I am now thinking its time to start contributing to a pension though.

Should i just go with their PRSA or are there other better options i should look into?

Thanks in advance

The other option available to you is an executive pension plan. There is more flexibility on charging strucutures on executive pension, offering both lower and higher charges (watch out for them) than a PRSA. However, under an EPP, you have to be in the scheme for 2 years to be entitled to your employer contributions (they may waive this) but under a PRSA, it is yours from day 1. There is a great fund choice under the EPP too but there should be enough fund choice in a PRSA anyway.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)