Zurich PRSA AVC
Zurich low cost Salary Deducted PRSA AVC with 100% allocation (also for Public and Private sector). Premiums can be deducted from payroll salary or
I am an employee with a pension scheme but I want to make additional contributions so as to increase my retirement benefits when I retire.
| Save on each and every contribution you make to the plan for the life of the plan. | |
| PRSA AVCs are owned by you – they are not arranged under trust and can be carried from employment to employment |
Charges:
Monthly contribution less than €500
| Actual Allocation | 100% |
| Annual management charge | 1% |
| Bid offer spread | 0% |
Monthly contribution of more than €500
| Actual Allocation | 100% |
| Annual management charge | 0.75% |
| Bid offer spread | 0% |
To qualify for this 0.75% rate:
- Max age starting PRSA AVC is 63 next birthday
- The minimum term of your PRSA AVC must be 5 years
Lump sum contributions:
- If you invest a lump sum of €5,000 + the annual management charge is 0.75%. For less than this amount the annual management charge is 1%. (Max age at start is 63 next birthday. Min 5 year term).
- Allocation rate 100%.
What allocation rate means:
- For example, 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)