financially
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- 33
Hi,
I am currently on contract with the public service. I have taken out a prsa to cover pension, I contribute 1000/mth. I was in a long term job before this and have a good defined benefit from there. I am hoping to retire by 62-63 and was thinking to cash in the prsa for those years to get me to the defined benefit and social welfare pension at 65-66.
I could be in a position to take up a permanent role where I am. But my salary would drop by 12k...it could come up relatively quickly again I am lead to believe. But I am wondering how this would affect my pension as opposed to staying on the prsa for 6-7yrs more.
Hoping that's enough info for a ballpark answer! Thanks
I am currently on contract with the public service. I have taken out a prsa to cover pension, I contribute 1000/mth. I was in a long term job before this and have a good defined benefit from there. I am hoping to retire by 62-63 and was thinking to cash in the prsa for those years to get me to the defined benefit and social welfare pension at 65-66.
I could be in a position to take up a permanent role where I am. But my salary would drop by 12k...it could come up relatively quickly again I am lead to believe. But I am wondering how this would affect my pension as opposed to staying on the prsa for 6-7yrs more.
Hoping that's enough info for a ballpark answer! Thanks