Most people paying into a Personal Retirement Savings Account (PRSA) are also eligible for auto-enrolment and should consider keeping both going. Photograph: iStock
I’m wondering if you could help me with a decision now that auto-enrolment is under way. I am in my mid-40s on €35k a year and therefore fall within the remit of auto-enrolment.
I think it’s a great idea and fully support its ethos. However, I have had a PRSA for the past 15 odd years and, while it hasn’t always been easy to keep it up, I have.
I am considering opting out of auto-enrolment completely and relying fully on my PRSA. In your opinion and with this limited information, do you think this is a good/worthwhile decision?
C.C.
I can help but, ultimately, the decision has to be yours, not least as there are so many variable
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