Retirement benefits
A Standard PRSA gives you the flexibility to enjoy your retirement and be sure of your financial security
When can I take my pension benefits?
You can draw on your PRSA before you retire, if you choose to.
- After age 60, you can choose to draw on your PRSA and keep working
- As an employee, you can take early retirement on or after age 50, and draw on your PRSA then
What are my options when I retire?
When you retire, you can:
- take 25% of your fund as a tax-free lump sum, and
- use the balance to buy a secure retirement income payable for life, or
- leave the funds in your PRSA and withdraw from them at any time, or
- transfer the balance to an Approved Retirement Fund (ARF)
Read more about what you can do with your pension after you retire.