Why do I need a Pension?

People are living longer after retirement, creating a growing need for financial provision. The Irish State pension is currently about €13,000 per year - a large reduction in income for most employees.

Planning for an additional source of income is essential to supplement the state pension. A Pension offers a tax-efficient investment, with extensive options and opportunities.

Which Pension is Right for You?

    • A Personal Retirement Savings Account (PRSA) is a private pension policy

    • Invest in a wide range of funds from Irish providers

    • Available to those in non-pensionable employment and self-employed

    • Low-cost and flexible retirement savings option

    • A PRB can receive the transfer of your old employment pension

    • A PRB cuts ties with your previous employer

    • You can invest a PRB with any provider in a wide range of funds

    • This can be a great opportunity to grow your pension

    • Facilitated through your employment

    • Can receive both Employer (ER) and Employee (EE) investments

    • All employees use the same provider with access to some funds

    • AVC’s can be used on top of normal contributions

Book a Consultation

Have an old employer pension?

Personal Retirement Bond.

Low Costs.

Expert Management.

Enhanced Allocations.

  • We make the most of the value left in your old employer’s pension scheme with a Retirement Bond.

  • Our Retirement Bonds always have low charges and invest in superior investment funds.

  • We can give enhanced allocations up to 101% depending on the size of your pension.

  • We Regularly review retirement bonds to ensure they are performing as expected. Can your old employer say the same?

Review my old Employer Pension

FAQs

  • The best time? Yesterday.

    The next best time? Today.

    Start as early as possible to benefit from compound growth and tax relief. But it’s never too late — even starting in your 40s or 50s can significantly improve your retirement outcome.

  • Your maximum tax-efficient contribution depends on your age and income. For example, ages 40–49 can contribute up to 25% of earnings and still qualify for tax relief. We can help calculate an optimal contribution for your budget.

  • We can help you track old or dormant pension(s), assess their value, and review all your Leaving Service Options (LSOs).

    There isn’t a one size fits all answer to this question, but generally no. We like to keep pensions separate.

  • The state pension is what you are paying toward weekly through PRSI contributions.

    You will receive the state pension when you turn 66, if you meet certain requirements.