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PRSA HELP

brians947 · 2011-05-09 06:51:50

Hi All, This is my problem. Last year my defined benefit pension was frozen by our new owners and a PRSA was set up for each individual. Now the company has now closed the plant and made us redundant. I have a new job and want to continue paying into the PRSA. I rang Irish Life and they have told me i cant. The fees on…

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09-05-2011 7:51am

#1

brians947

Registered Users Posts: 128 ✭✭

Join Date: April 2008

Posts: 90

Hi All,
This is my problem. Last year my defined benefit pension was frozen by our new owners and a PRSA was set up for each individual. Now the company has now closed the plant and made us redundant. I have a new job and want to continue paying into the PRSA. I rang Irish Life and they have told me i cant. The fees on this account are .75 percent annual charge and 0 percent on contributions. They say it was a corporate account and im not aloud to put into it but transfer it to a new prsa with will have higher charges. Surely if its a PERSONAL retirement fund i should be able to keep the terms as its my PRSA and not the company's.

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