But “standalone” PRSAs are subject to the age-related contribution limits
Yes absolutely - I'm asking about the total capital value of the fund though rather than age related contribution limits for tax relief.
No, there’s the €2m/€2.15m limit and the age-related limits.
They’re different things though.
The rules in relation to what someone can put in himself/herself are the same.
With an occupational scheme, there’s a third party involved in the funding, i.e. the employer.
To give more context for where I’m coming from here: a pension is obviously one of the best ways to invest your money in Ireland. Based on my understanding (which might be wrong!) it would seem as if your ability to invest in pension products is arbitrarily limited if you’re a member of an occupational scheme as the 2/3 salary rule kicks in.
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