The benefits

• Low cost – can be started from just €25 a month
• Can be paid by your employer from your salary
• Contributions can be stopped, reduced or restarted at any time without penalty
• Can be taken out privately or as your company pension
• You can claim tax relief on your contributions
  
• Can move with you when you change jobs
• Can be used as an additional voluntary contribution (added to an existing pension)

Am I eligible?

You can contribute to a Simple PRSA if:

• You are over 18 and under 75 years of age
• You are self-employed, employed or unemployed

Can I take money out of this PRSA?

Our Simple PRSA is intended to remain invested until you retire. You can normally take your benefits between the ages of 60 and 75.

In certain circumstances, you can take your benefits before then, for example if you retire at age 50 or over, or if you can no longer work because of a serious illness or disability. However, it is not usually possible to cash in your PRSA before you reach age 60 (or retirement).

The funds

There are fourteen funds available for investment in our Simple PRSA:

• Aviva Irl Cash Fund
• Aviva Irl Bond Fund
• Aviva Irl Long-Term Bond Fund
• Aviva Irl Consensus Managed Fund
• Aviva Irl Balanced Managed Fund
• Aviva Irl Focused Managed Fund
• Aviva Irl Merrion Managed Fund
• Aviva Irl KBCAM Pension Managed Fund
• Aviva Irl AIBIM Managed Fund
• Aviva Irl BIAM Pension Managed Fund
• Aviva Irl Irish Property Fund
• Aviva Irl Euro Managed Fund
• Aviva Irl International Equity Fund
• Aviva Irl High Yield Equity Fund

If you do not choose a fund, your money will be invested in our annuity default investment strategy.

Read more about the types of funds we invest in.