Personal Retirement Savings Accounts (PRSAs)

Personal Retirement Savings Accounts or PRSAs are another type of private pension that are managed for you by a life insurance or investment company. If you are earning an income but are unable or not entitled to join a Group Pension plan, or if you are self-employed, then you can start either a PRSA or a Personal Pension.PRSAs give you the freedom to decide how much you want to contribute, and where your contributions are invested. However, bear in mind that the older you are when you start, then the more money you will need to contribute to reach your target.

Benefit from generous tax reliefs

PRSAs come with very attractive retirement and tax benefits:

• You enjoy tax relief on the contributions you make
• The growth of your investment is tax free
• You can take a tax-free lump sum upon retirement.

Friends First PRSAs are part of our Conductor range of pension products. They offer the following key benefits:

• A comprehensive pension product that caters for both regular and single contributions
• Choose from almost 30 investment funds from 5 different fund managers
• Increase, reduce or pause contributions to accommodate changing financial circumstances
• Enjoy unlimited free fund switches
• Subject to conditions, a PRSA can also be used alongside a company pension to make Additional Voluntary Contributions.

For more information on Friends First PRSAs contact your independent Financial Adviser today.

Warning: The value of your investment may go down as well as up.
Warning: This product may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.