Personal Retirement Savings Account (PRSA)

The Pensions Act 1990-2002 requires that every employer must provide his or her employees with access to some form of pension provision. Access to a Standard PRSA must be provided if the employer does not have an occupational pension scheme. If you already operate a Pension Scheme, you will need to review the eligibility conditions resulting in one of the following actions:

Altering the eligibility conditions to provide access to all employees