Personal Retirement Savings Account
The PRSA is designed to make saving for your retirement as easy and flexible as possible. A PRSA can be funded by new pension contributions by you and/or your employer, and transfers from existing pension arrangements you may have, which may be subject to certain additional requirements.
Personal Retirement Bond
This is a lump sum pension account designed to receive a lump sum payment from a former employer’s occupational pension scheme.
Preserve your pension benefits away from your former employers scheme and pick your own investments.
Approved Retirement Fund
This is a personal, tax-efficient investment account that enables you to transfer all, or part, of the balance of your pension account upon receipt of your retirement lump sum.