Why Start a Pension?
People usually retire between the ages of 60 and 65.  However, thanks to better lifestyles and healthcare people are now expected to live for a further period of 20 years approx.

Planning for your retirement is essential if you wish to continue and maintain your standard of living/lifestyle throughout your retirement years.  People who do not have their own independent pension and whose only sole income is the State Old Age Pension suffer a significant drop in their standard of living.

The Benefits:

• Contributions to a Pension can qualify for full tax relief (up to certain limits);
• Your investment grows tax free;
• A pension enables you to maintain a decent standard of living following retirement.

Starting a pension plan is one of the most important lifestyle decisions you will ever make.  Securing your retirement is an issue to think about and plan for now.  Saving regularly for retirement and starting as soon as possible is perhaps the best investment advice you will ever get.

The hardest thing to do is START YOUR PENSION, once started it can be changed to suit your circumstances and specific needs.

Different Types of Pensions:

• Personal Pension Plans
• Self-Employed Pension Plans
• PRSA – Personal Retirement Savings Account
• Company / Executive Pension
• Employee / Occupational Pension Schemes
• AVC’s – Additional Voluntary Contributions
• SSAP’s – Small Self Administered Pensions
• Pension Mortgages (buying property using your pension plan)

Different Investment / Pension Options at Retirement:

• ARF - Approved Retirement Funds
• AMRF – Approved Minimum Retirement Funds
• Annuities

We have been successfully advising clients for the over 25 years and as this can be a complex area it is advisable to organise a confidential, one-to-one meeting where our qualified Broker can assist you in agreeing a tailored investment strategy.