Pension & Retirement Planning

The trouble with retirement is that you never get a day off..... It’s never too early TO START SAVING FOR YOUR RETIREMENT. With almost 50% of the working population in Ireland still without any form of pension, it has become vital that people start giving consideration to their retirement. Life expectancy continues to improve and this creates a need for income for a longer time in retirement than ever before. We operate a broad range of services in the pensions area.

This ranges from company sponsored schemes to individual planning for owner directors and the self-employed. Whatever your employment status we provide comprehensive advice on all the various pensions products available.

The range of retirement planning arrangements we give advice on is as follows:

Company Sponsored

In today's competitive business environment, employee benefits are becoming increasingly important in attracting and retaining the best people and can form an important part of any remuneration package.

As an employer, you will also be aware that you are legally obliged to provide your employees with access to some form of pension provision. You are required to give both full and part time employees access to at least one Standard PRSA if:

You have no existing pension plan providing retirement benefits to your employees at present OR
You have a pension scheme but membership is restricted, or there is a waiting period of over six months from the date of joining the company.

Executive Pension

As a company director or company owner, you probably view your share in the business as your pension when you retire. While this is one way of providing a source of income when you retire, there is no guarantee that it will provide you with the standard of living you are currently accustomed to throughout your retirement years.

An Executive Retirement Plan allows you to provide for your pension fund independently of the company assets and it's future profitability. It is designed specifically to take full advantage of the generous tax relief that is granted to company pension arrangements.

Personal Pension

If you are self-employed, or equally if you are an employee, but not a member of your employer's pension facility, then it's up to you to plan for your own retirement. If you want to enjoy a comfortable retirement, the onus is clearly on you to put money aside during your working years. And the sooner you do so, the better chance you have of meeting your goal. Not only that, but the generous tax advantages that a pension plan offers, makes it a really cost efficient way to save.

PRSA

A PRSA (Personal Retirement Savings Account) provides everyone with the opportunity to plan wisely for their retirement and is designed to suit all types of people.

Those that do not have access to a pension scheme through work.
Those who work in the home.
Those who work part-time.
Those who are unemployed.