Make Your Pension a Top Priority!
A PRSA, similar to a pension, is a savings product designed to help individuals save for retirement and take advantage of favourable tax relief. Unlike other types of pension, a PRSA offers great flexibility. For instance, you can begin a PRSA as a self-employed individual and seamlessly continue with the same PRSA if you transition to being a company director or employee. Exploring retirement options from a PRSA Similar to pensions, these financial services do not offer a salary and service tax-free lump sum option like company pensions do. Typically, when compared to other pensions, PRSAs tend to offer a more limited range of choices in terms of charges and funds. It is highly advisable to seek professional guidance before making a decision on the type of pension/PRSA that best suits your needs.
Who is Eligible For A PRSA?
PRSAs are accessible to a diverse group of individuals, but they are especially beneficial for those who do not currently have pension plans in place. Employers without an occupational pension scheme are required to provide access to at least one Standard PRSA. In addition, employers must provide employees who are not eligible to join a pension scheme within six months of service with access to a PRSA.
WHY A PENSION CONSULTATION IS ESSENTIAL
Obtaining a pension consultation is essential for guaranteeing a suitable retirement. Our pension consultation can provide valuable insights tailored to your unique circumstances, helping you make informed decisions. Our team of experienced pension specialists is here to help you make well-informed decisions that will help you maximise the potential of your pension.
By seeking a pension consultation, you can receive guidance on adjusting your contributions or reevaluating your investment strategy. This will provide you with the necessary support to navigate the intricacies of retirement planning, alleviating any unnecessary stress.
We aim to provide a hassle-free and smooth process, so whatever your needs may be, we are available to assist you.
Planning for your future is of utmost importance, and protecting it is essential.
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