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Any way to cash in a PRSA early?

busterjones · 2021-08-26 12:52:33

Hi - I have a PRSA from a previous employment - was employee only contributions and haven't contributed to it for 15 years - current value is 7.5k. Is there any way to cash this in, now - accepting fees etc? Any mechanism where it can be transferred and then cashed in? I'm 43 btw so a while away from retirement but could…

26-08-2021 1:52pm

#1

busterjones

Registered Users Posts: 144 ✭✭

Join Date: January 2010

Posts: 89

Hi - I have a PRSA from a previous employment - was employee only contributions and haven't contributed to it for 15 years - current value is 7.5k.
Is there any way to cash this in, now - accepting fees etc?
Any mechanism where it can be transferred and then cashed in?
I'm 43 btw so a while away from retirement but could really use the money now.
Thanks!

0

Comments

#2 26-08-2021 4:38pm

The J Stands for Jay

Registered Users, Registered Users 2 Posts: 5,786 ✭✭✭

Join Date: November 2009

Posts: 5699

https://www.boards.ie/discussion/2058205901/any-way-to-cash-in-a-prsa-early

You'll either need to be 50, or have a life expectancy of less than 12 months to get your hands on it.

1
#3 27-08-2021 11:19pm

Ciarrai76

Moderators, Recreation & Hobbies Moderators, Regional South Moderators Posts: 9,394 Mod ✭✭✭✭

Join Date: March 2008

Posts: 9207

https://www.boards.ie/discussion/2058205901/any-way-to-cash-in-a-prsa-early

Very same thing here, and I asked my pension company the same thing a few years ago, but unfortunately you can't cash it before your retirement age!

1