It is never too early to start planning for your retirement, whether you are married, co–habiting, in a civil partnership or single. People are living longer as well as leading more active and healthy lives due to medical advancements and better healthcare. Starting a pension today means that when you reach your pension age, you will have a fund built up to supplement your state pension so that you can retire well.
When you are looking for pension advice in Ireland, there are many options available to you beyond the state pension. While the state pension works out at approximately €12,000 a year for a single person, provided a person qualifies for it, for many people this is not enough to live on to maintain the lifestyle they are used to.
You might be a self-employed, an entrepreneur, or a business person looking to set up a pension fund for your retirement. Equally you might be an employee seeking to join your company pension scheme. Whatever your personal circumstances, our pension advisors offer the best advice for retiring in Ireland.
Easy Life Cover pension advisors can assist you with planning your pension to source where your additional income will come from outside of the state pension during your retirement.
Example of additional types of pensions include:
1. An Occupational Pension scheme.
2. A Personal Retirement Savings Account.
3. A Retirement Annuity Contract.
Our pension advisors are extremely knowledgeable about the options available to you in Ireland. This includes advice on the benefits of each pension option and what might be suitable for your individual circumstances. We even offer advice on pensions that are tax approved by the Revenue Commissioners; an advantage that can lead to a possible tax free lump sum on retirement or tax relief on your contributions (depending on the particulars of your individual situation and chosen pension option.)
Starting a pension today means that when you reach pension age, you will have a fund built up to supplement your state pension. Every year Irish Life pay out more pension benefits to more people across Ireland than anyone else, apart from the State. Whether you’re a business-person looking to set up a pension fund for your retirement, or an employee seeking to join your company pension scheme, we hope this guide helps.