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I was surprised to see that nobody started a discussion about PRSA yet.
Do you have one?
Would you mind sharing your experience with it? - @matjung

Maybe you could explain what PRSA is?

Sure, PRSA is the abbreviation for Personal Retirement Savings Account (PRSA)

It impacts the pensions and tax bill of locals and expats who work in Ireland.

Even if you work only for 6 months, you might be entitled to invest untaxed money.

Leave it at the Irish PRSA until your retirement.

While it is inside PRSA it can growth in value - tax free.

The money might get invested into MSCI World Value funds.

When you retire in the future - you get it out and may have to pay taxes on it.

Well, that is the simplistic theory.

Lets make an attempt to refresh the topic.

Most people don't like paying income taxes on their hard earned money.

Contributing into PRSA -

Could be an instrument to reduce the tax bill and generate a pension income in the future.

The saying is, next year, we get auto enrolment into the pension system.

It got shifted from this year to next year.

Besides auto, what you think about PRSA and AVC?

AVC = additional voluntary contributions.

Do you already have a PRSA?