The initial application fee, which includes one personal retirement savings account (PRSA) product, is €20,000 and €5,000 for each additional product.
PRSA fees are levied on the following basis:
- €2,000 for each approved PRSA product a PRSA provider offers, and
- 0.05% of the total assets under a PRSA provider’s management at the end of each year (i.e., 31 December).
Fees are payable no later than 31 January of the following year and are only applicable to PRSA providers.