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PRSA experiences

matjung

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?

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Travelling to IrelandGetting married in IrelandCitizenship for a spouse?Irish AccountantImmigration Lawyer?
SimCityAT

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

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

It impacts the pensions and tax bill of locals and °µÍø½ûÇøs 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.