Personal Retirement Savings Accounts - Ireland
Ireland recently introduced a new savings vehicle called a Personal Retirement Savings Account (PRSA) to help people who lack a pension or other retirement savings plan to save in a portable account they can keep throughout their lives. While individuals can open a PRSA on their own, employers who do not offer a pension plan, who have a plan that does not allow voluntary contribution, or that excludes workers for six months or more must make PRSAs available to all of their employees, including part-time and contract workers. Contributions from individuals and employers are tax-advantaged, but no progressive feature providing special incentives for low-income savers exists at this time.
Overview of Personal Retirement Savings Accounts
Personal Retirement Savings Accounts (PRSAs) A Consumer Guide
Personal Retirement Savings Accounts (PRSAs) Employer's Obligations


