A PRSA is a portable individual pension contract, while “personal pension” usually refers to an individual pension policy such as a retirement annuity contract (RAC). Both can offer tax relief on contributions, subject to Revenue rules and your circumstances, but they may differ in charges, investment options, administration and how benefits can be taken. PRSAs can be useful where you want a pension that can remain with you when changing employment, although other personal pensions may also offer portability. Check the specific policy documents and current guidance from Revenue, or speak to a regulated pensions adviser before deciding.