A pension that belongs to you
A PRSA is an individual retirement savings contract. Contributions can come from you and, where applicable, your employer. Review the investment choices, contribution flexibility, charges and retirement rules of the actual contract.
| Standard PRSA | Non-Standard PRSA |
|---|---|
| Charges capped at 5% of contributions and 1% a year of fund value. | Does not have the same statutory charge caps. |
| Pooled investment funds; compare the available menu. | May offer a broader range of investments. |
| A cap is not a quote: your actual terms may be lower. | Ask for all policy, fund, advisor and transaction costs. |
Personal and company contributions are different
Personal relief depends on relevant earnings, age and other contributions. Employer-funded PRSAs have separate rules: since January 2025, the employer contribution reference for the BIK exemption is 100% of the employee’s relevant salary/emoluments. An advisor should check the detailed treatment.
Last reviewed: 21 September 2026. Rules depend on your circumstances.
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