Zurich Standard PRSA with 0.75% annual management fee</strong>.
Reduced charges for life on a Zurich Standard PRSA
Monthly contribution €100 +
| Actual Allocation | 100% |
| Annual management charge | 0.75% |
| Bid offer spread | 0% |
To qualify for this 0.75% rate:
- Open to individuals only. It does not apply to payroll deduction applicants
- It is not available on top ups to existing policies
- Max age starting PRSA is 63 next birthday
- The minimum term of your PRSA must be 5 years
What allocation rate means:
- When you contribute €500 to your pension fund, if the allocation rate is 100%, the fund value is immediately €500
Funds:
A “Default Investment Strategy” that targets growth in the early years but changes to a lower risk portfolio as retirement approaches.
A more individualized profile can be designed through investing in a selection of the funds available (PDF – 93k). The funds are listed as ‘Standard PRSA’ (in blue)
An Application pack can be found here: Zurich 0.75% application pack
A Personal Retirement Savings Account (PRSA) is a type of long-term personal pension plan. It is like an investment account that is designed to let you save for retirement in a flexible way.
Your PRSA is a contract between you and a PRSA provider in the form of an investment account. You can change employment and continue to use the same PRSA and you can switch from one PRSA to another at any time, free of charge.
You can get tax relief for the contributions you pay into your PRSA.
When you retire, you have the same options with a PRSA as with other personal pensions.
Standard PRSAs are likely to meet the needs of most people. The level of charges on your account is important to consider, as the charges imposed reduce the fund you can build up. On your retirement, the size of your fund will depend on your contributions and the investment performance less any charges. It is not possible to predict investment performance.
Excellent consumer finance site Askaboutmoney.com – the Irish consumer forum
