This webinar will provide advisers with a practical overview of the development of PRSAs, the rules that currently apply to PRSA funding, and how PRSAs compare with Master Trusts in the context of employer pension funding. It will examine the key technical and planning considerations that arise when advising both employers and members, with a particular focus on contribution structures, funding limits, access rules, and retirement options.
The webinar will also explore the tax treatment of both employer and member contributions, the relevant pension and funding limits, and the circumstances in which funding through both a PRSA and a Master Trust may be possible in respect of the same employment. Designed to give advisors a clearer understanding of the opportunities and constraints in this area, the session will combine historical context with the current regulatory and practical framework.
List of Topics Covered:
- History of PRSAs
- Tax treatment and limits for employer contributions
- Tax treatment and limits for member contributions
- Access rules
- Retirement Options
- Pension limits
- Funding limits
- Funding via PRSA and Master Trust for the same employment
Kevin Fitzsimons
- 37 years in the pensions industry.
- Worked previously with Mercer, FBD, Standard Life, Canada Life and is currently Pensions Development Manager with Irish Life, and based in Cork
- A Member through examination, of the Pensions Management institute in London and a member of the Irish Institute of Pensions Managers in Dublin.
- Kevin is also a QFA, FLIA, and RPA qualified and is a Pension Trustee Practitioner qualified since 2016.
- Writer and composer of ‘Twin Flames the Musical’ which had an 8 show sell out run in the Palace Theatre Fermoy in 2023.