Transfer from scheme to PRSA

B

Bedlam

Registered User
Messages
279
Hi,

Can anyone tell me is there a limit to the amount a PRSA Provider can accept on behalf of someone in the form of a single premium transfer from a scheme that has been wound up?

Thanks

Bedlam
 
No there's no limit if the transferring scheme is being wound up and service is <15 years.
 
Thanks for the reply and if the scheme were not being wound up is there a limit?

Thanks


Bedlam
 
Bedlam said:
Thanks for the reply and if the scheme were not being wound up is there a limit?
Click to expand...

There is no limit - however for transfers over €10K the member should be provided with a Certificate of Comparison - which nobody provides - so in effect the limit is €10K
 
boaber said:
There is no limit - however for transfers over €10K the member should be provided with a Certificate of Comparison - which nobody provides - so in effect the limit is €10K
Click to expand...

If the transfer value represents a non-preserved benefit (less than 2 years' service) it can be transferred to a PRSA without Certificate of Benefit Comparison even if it is >€10,000.
 
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