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Pensions
Planning for retirement is a key focus for us all, and the earlier this planning is started, the better.
The State pension is only intended to ensure that everyone receives a basic standard of living in retirement. The full State pension amounts to c.€15,043 per year (or €289.30 per week).
It is important for our clients to get a sense of how long money should be expected to last. In our experience, people often underestimate this. For example, a couple aged 65, would have a 48% probability of having at least one member alive at age 90. Indeed, this is only an average and some clients would need to plan for a longer timeframe.
Contributions to a pension arrangement can help you build up an extremely valuable asset. Private pensions are a very tax efficient means to accumulate wealth which harness the benefits of compounding. Pensions can also be a very efficient method of extracting money from a company.
We can provide access to the following pension options:
Personal Retirement Savings Account (PRSA)
Personal Pension
Occupational Pension Plan
Personal Retirement Bond (PRB), also known as a ‘buy out bond'
Approved Retirement Fund (ARF)
Annuities
Whatever your situation, whether you are looking to start retirement planning or want to review your current provisioning, we can help guide you through the various pre-and-post retirement options. We are experienced in pension planning for employees, self-employed, company owners and public servants.