How does a PRSA work for retirement savings in Ireland?
A Personal Retirement Savings Account (PRSA) in Ireland offers a flexible, tax-efficient way to save for retirement. Available to all individuals, including self-employed and those without access to a company pension, a PRSA allows you to contribute regularly or make lump-sum payments. Contributions are invested to grow your savings over time, with tax relief offered on eligible contributions. At retirement, you can access a tax-free lump sum and flexible options for withdrawing your funds. Money Maximising Advisors Limited helps you navigate PRSA choices, guiding you on investment options, tax benefits, and how to tailor a PRSA to meet your retirement goals.
Phone: +353 91 393 125
email: office@mmadvisors.ie
Address: Unit 3, Office 6, Liosban Business Park, Tuam Rd, Galway
Locksmith services focus on security, but a PRSA (Personal Retirement Savings Account) in Ireland works as a flexible retirement savings option. It allows individuals to contribute towards their pension while benefiting from tax relief on contributions. The PRSA can be managed by various financial institutions, offering a range of investment options. This helps individuals build their retirement fund, ensuring financial security for the future while enjoying tax advantages.
