PRSA experiences

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matjung Contributor

Member since 17 May 2014

matjungContributor17 November 2024 16:43:43

118

I was surprised to see that nobody started a discussion about PRSA yet.

Do you have one?

Would you mind sharing your experience with it?

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert17 November 2024 16:49:55

11327

I was surprised to see that nobody started a discussion about PRSA yet.
Do you have one?
Would you mind sharing your experience with it? - @matjung

Maybe you could explain what PRSA is?

matjung Contributor

Member since 17 May 2014

matjungContributor21 November 2024 16:39:31

118

Sure, PRSA is the abbreviation for Personal Retirement Savings Account (PRSA)

It impacts the pensions and tax bill of locals and expats who work in Ireland.

Even if you work only for 6 months, you might be entitled to invest untaxed money.

Leave it at the Irish PRSA until your retirement.

While it is inside PRSA it can growth in value - tax free.

The money might get invested into MSCI World Value funds.

When you retire in the future - you get it out and may have to pay taxes on it.

Well, that is the simplistic theory.

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