Pensions
Starting your pension early is a key step to a long-term positive pension outcome.
Create a Pension Plan That Works As Hard As You Do
Retirement and pensions aren’t a one-size-fits-all, however, starting your pension early is a key step to a long-term positive pension outcome. No matter when and how you plan to retire, having sufficient income to support your lifestyle, necessitates careful planning and getting the right advice and guidance.
Financial Brokers can advise you on pension savings, company and personal, pension transfers and post-retirement options by providing individuals and businesses with a comprehensive approach to pension planning, helping you choose the right plans, maximise contributions, manage investments, and ensure your retirement funds are fully optimised for growth and tax efficiency.
Retire with Confidence Cutting Through the Acronyms
Your Financial Broker can cut through pension acronyms by offering clear, concise pension advice tailored to your needs, risk tolerance, and the size of your current pension fund.
Whether you’re considering a Personal Retirement Savings Account (PRSA), Personal Retirement Bonds (PRB), Autoenrollment (AE); or an Approved Retirement Fund (ARF), Financial Brokers will guide you through the pension contributions, income tax relief and pension scheme options best suited for your retirement planning.
Maximise your Savings with Tax Efficient Pension Schemes
Pensions are an extremely tax efficient way of saving. You receive tax relief on your saving at the marginal rate; funds accumulate tax free until retirement and you get a percentage of your fund tax-free at retirement. There are numerous tax considerations around pensions, including inheritance and the Standard Fund Threshold (SFT) which is currently capped at €2m* of the total value of pension benefits that a person can accrue tax efficiently.
Financial Brokers will work with their clients to ensure that tax benefits are maximised, while enabling effective retirement investments beyond the threshold value.
* The Standard Fund Threshold (SFT) is due to increase from 2025-2029 to €2.8 million, in increments of €200,000 annually.
What Are My Options?
For those starting out, there are choices around pension structure, contribution levels and preferred investments. Your structural options include Personal Retirement Saving Accounts (PRSA), company pension schemes and retirement bonds. Where you have multiple pensions, including those from overseas, you may want to consider consolidation into a single fund to optimise returns.
Clients who are approaching retirement have several choices to make regarding the optimal way to structure their retirement fund. There are important tax and inheritance considerations, which depend on factors such as the size of your pension fund, your risk appetite your preferences to provide for the next generation.
Pension Calculator
Starting a pension now is a smart step toward future-proofing your financial security. Use our Pension Calculator to estimate how much you should save now to ensure a comfortable retirement later.
Benefits
Smart Savings for Retirement: Your Options Explained
Smart Savings for Retirement: Your Options Explained
If you invest €1,000 in your Personal Pension Plan per year, it will only cost you €590, after income tax relief. A Financial Brokers will work with you to ensure that tax benefits are maximised, while enabling effective retirement investments beyond the threshold value.
Navigating Career Changes and Pension Transfers: Protect Your Benefits
A Financial Broker will give you the right guidance around what is best suited for your retirement requirements by helping you to weigh up important considerations like what age you’d like to retire, your current age, your income and how much you can afford to set aside each month as a pension contribution.
Post-Retirement Options: Maximizing Your Retirement Funds
Choosing the right way to save for retirement and how to take your retirement benefits when the time comes, can be a daunting task. Your Financial Broker will be able to explain the choices available to you in simple language allowing you to make a well-equipped and informed decision.
Services
Financial Brokers deliver expert advice across a wide range of services including financial planning; savings and investments; mortgages; pensions and retirement; protection products; business advisory, and wealth management services.
Find a Financial Broker
Working with a Financial Broker provides you access to expert advice and a wide range of products, helping you find the best financial solutions tailored to your needs.