Ok question, i don't think anyone asked this before.

If your parents are retired and have passive income and therefore still paying income tax. Can they open up a PRS account , pay for 2 years , get the tax relief, withdraw all (since they are >55 years old) and then repeat ?

What I'm afraid is they stop the relief and then all the fund providers stop proactively managing it because it's no longer profitable/no new funds coming in.

I dunno whether this has been asked before, i know that we cannot withdraw but can the funds be transferred to different PRS fund ? Or do you have to stick with the fund until you retire

Thanks !!