When saving for retirement it is important to know how you can access your PRSA at your chosen retirement age. With a PRSA you can do the following:
• Take 25% of your fund as a tax free lump sum (subject to a maximum of €200,000).
• Use the balance of your fund to:
A. Purchase an Annuity
B. Invest in an ARF (Approved Retirement Fund) / AMRF (Approved Minimum Retirement
• Take a taxable lump sum
An Annuity is an income that is guaranteed for your life.
An ARF/AMRF is an investment that allows you to continue to invest in the markets and take a flexible income from the fund.
DW Financial will help you in every aspect of planning for your retirement. When considering your options, we look at everything from how much to contribute, what provider to use and which fund to select. We endeavour to help you make the best possible decision to plan for your retirement.