If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

PRSA provider - "company sponsored"

semisb · 2019-01-17 03:23:59

Hi, I'm moving over to Ireland in a couple of weeks and have been looking at pension arrangements. The company I'm going to says the following in there benefits documentation: The company will make matching contributions to an eligible employee PRSA up to a maximum of 5% of base salary. There is a six month waiting period…

17-01-2019 4:23am

#1

semisb

Registered Users Posts: 1 ✭

Join Date: January 2019

Posts: 0

Hi,

I'm moving over to Ireland in a couple of weeks and have been looking at pension arrangements. The company I'm going to says the following in there benefits documentation:

The company will make matching contributions to an eligible employee PRSA up to a maximum of 5% of base salary. There is a six month waiting period to join the company sponsored PRSA.

Does the above mean that In-order to get the company 5% match I have to use their choice of PRSA provider or am I free to choose whoever I like?

Cheers semisb

0

Comments

#2 17-01-2019 11:45am

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,727 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17397

Impossible to say.

Their obligations are to make a standard PRSA available. They aren't obliged to contribute.

Get proper advice.

0