IrishLife

Seven Great Reasons to choose an Irish Life Low Cost PRSA:

Simplicity – designed to be easy to understand

Tax Relief - Available subject to Revenue Rules/Limits

Low Charges – LA Brokers offers great value for money with no up-front costs. Low charges mean more money when you retire

Great Options – Wide range of investment funds to choose from include (over 21 funds available)

Smoothing your client into retirement (Default Investment Strategy)

Keeping track of their money (Dedicated Phone line)

Flexibility - You are not tied to rigid payments


Irish Life is the provider of this PRSA. The product LA Brokers offer you is exactly the same as you would get through an Irish Life broker elsewhere except we have decided to distribute Irish Life's PRSA on a much lower profit margin.

By setting up your PRSA on a nil commission basis through LA Brokers you save 5% on each and every contribution you make to the plan for the life of the plan.

This philosophy works to your immediate advantage now and in the years to come.

Charges:

The only charge is the 1% pa management charge. There is NO 5% charge.

All Regular Contributions100% Invested
All Single Premiums100% Invested
ALL Transfers In 100% Invested

Funds:

Please see Irish Life Standard PRSA brochure sent out with your application pack for available funds.

Options:

  • It is possible to stop paying into the PRSA fund at any time until you are ready to contribute again.
  • You can make a lump sum contribution to your PRSA fund at any stage.
  • There is an option to automatically increase contributions each year so that inflation doesn't erode the value of these over time.
  • You can move your pension contributions between the available range of investment funds at any time.

Contributions:

  • Minimum contribution: €25 per month
  • If you are in a company scheme, you can elect to make further tax-deductible contributions through an Additional Voluntary Contribution (AVC) PRSA.

The contract is between you and Irish Life and Irish Life administer the product. On commencement of your PRSA Irish Life will post all policy documentation to you.

There is NO charge to the client for this execution only service. Irish Life may pay LA Brokers a fee from their profits based on the total volume and persistency of all our PRSA business placed with them and that's how we earn on the transaction.

LA Brokers cannot offer you any financial advice on this product but there is nothing stopping you doing your research elsewhere and then placing the business with LA Brokers on discounted terms. Having said that you will find most of what you need in our information pack.

Apply for further information

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