Which minimum service period in a DC pension scheme makes a former member eligible to transfer to a PRSA?

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Multiple Choice

Which minimum service period in a DC pension scheme makes a former member eligible to transfer to a PRSA?

Explanation:
The main point here is that transferring from a defined contribution scheme to a PRSA depends on meeting a minimum service period in the DC scheme. In this context, you must have at least 12 years of service to be eligible to transfer to a PRSA. This threshold ensures you’ve built up a substantial period of pension service and the associated transfer value before moving to a personal pension product, rather than allowing short service to transfer quickly. The other options would require longer service, which doesn’t align with the rule, so 12 years is the correct minimum.

The main point here is that transferring from a defined contribution scheme to a PRSA depends on meeting a minimum service period in the DC scheme. In this context, you must have at least 12 years of service to be eligible to transfer to a PRSA. This threshold ensures you’ve built up a substantial period of pension service and the associated transfer value before moving to a personal pension product, rather than allowing short service to transfer quickly. The other options would require longer service, which doesn’t align with the rule, so 12 years is the correct minimum.

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