Pensions

Saving for your retirement is one of the most important investments that you will ever make. Private pension provision remains one of the few ways in which an individual or company can make retirement provisions in a tax efficient manner.

We offer advice on Personal Pensions, PRSA's, AVC PRSA, Executive Pension Schemes, Retirement Bonds and Approved Retirement Funds.

Good reasons to start pensions!

1. The taxman will give you a helping hand

For every euro you pay into your plan, the taxman will currently give you 20 cents back, so it only costs you 80 cents. If you’re a higher rate taxpayer, it’s an even better deal. You’ll currently get 40 cents back, so each euro you pay into your plan will only cost you 60 cents. These amounts are based on income tax rates of 20% and 40% (as of March 2019).

2. Your payments can grow tax-free

The money in your pension plan can currently grow tax-free – so it should have the potential to grow faster than in other types of savings plans that are subject to tax.

3. You can draw a tax-free cash sum at retirement

When you retire, you can currently take part of your pension fund as a tax-free lump sum (subject to a lifetime limit of €200,000*). This can enable you to do those things you’ve always promised yourself.