Personal and company pensions in Ireland

Planning Retirement Pensions

Most people don't give their pension much thought.  However assuming that you plan to stop working aged 65, or earlier, you will need a retirement fund to replace your income.  A personal pension is an important investment for you to make not only to maintain your current lifestyle when you retire, but also to take advantage of tax breaks offered by the Government as an incentive to help you save for the rainy day. The two main benefits of investing in a pension are:

• Tax efficiency  - Pensions offer the most tax efficient investment vehicle available today.
• Personal security  - The government is under increased pressure to pay pensions – it is vital to secure your own financial future.

Learn more about our ** New Pension Contributions **

Learn more about Pension investment options by reviewing our Pensions guide for 2009

Could you live on the state Pension?

Did you know that the current state pension provided by the Government is €223.30 per week? There are two things to consider in relation to state pensions.  Could you live on the equivalent of 11,600 euro per year?  Will your other assets including property and savings make up for any shortfall?  Don’t put off planning your retirement. Get the advice you need so that you can rest assured that your golden years are taken care of.

When should I start my Personal pension?

It is never too late to start a pension but the earlier you start the more you'll save.  Pension contributions in the early years can grow significantly and the power of compounding growth can make for improved pension funding in later years. 

Setting up a Company Pension

If you are looking to set up a company pension plan, we understand the difficulties and complexities that are involved (as well as the decisions you will have to make). We offer our expertise in the complex area of company pension structures and can assist companies or individuals to set up new pension arrangement that maximises the investment potential and tax effectiveness of the pension.

Organising your existing pension or pensions

For those with an existing pension in place, it is important to ensure that the fund is being optimised from a tax and investment view point. We have a dedicated tax department within the accounting practice who are well placed to advise on pension related taxation planning and in relation to maximising pension contributions.  Many of our clients approach us looking for advise on how to consolidate multiple pension funds.  As you change employment from one company to another you can end up with several different pensions managed by different pension administrators.  By consolidating these pensions we can manage your investment more effectively and advise you on appropriate investment strategies as your needs change.

Pension service in Ireland

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