Personal Pensions

If you are self employed or an employee in a company with no scheme or unable to join an existing company scheme, then you should be eligible to set up a Personal Pension.

Why do so ? :

Enormous tax benefits : tax deductible at whatever rate of tax you pay :
20% tax rate : equivalent to a Government contribution of 25%
41% tax rate : equivalent to a Government contribution of 69% , yes 69%

You need to provide for your own future in retirement - not rely on the State

The current state pension is unlikely to sustain your standard of living - you need to supplement it

Why now ? :

The value of your Pension on retirement is related to :

the amount you contribute in to it - the more you put in, the more it is likely to be worth

the Investment return achieved - the sooner you start, the sooner you get your Pension Investment working for you

Limits for making a Personal contribution are related to your age, % of gross income for which tax relief is available:
Under 30 : 15%
30 to 39 : 20%
40 to 49 : 25%
50 to 54 : 30%
55 to 59 : 35%
60 and over : 40%

We also provide a review service for existing Pension plans - as many older schemes , particularly pre 2001 , have performed poorly due to poor fund performance and high charges.

Why throw good money after bad ?
You can choose and rectify this going forward.

Next steps: Don't leave this on the long finger - like 50% of Irish people. Do something about it today and contact us.