Workplace Pension advice for Directors
Nelson Life are experts in Retirement Planning for Company Owners, Directors & Executives.
Our pension specialists are available to meet with you - at your workplace.
We will tailor a retirement plan based on the needs of your business as well as your own specific circumstances.
An Executive Pension is established under trust and is designed to build up a fund to allow a company provide retirement benefits for a director and/or a key employee. Some of the benefits of retirement planning through your company - see Nelson Life Executive Pension brochure here.
Contributions made by the company to the plan can normally be fully offset against Corporation Tax
No benefit in kind (BIK) implications
Under current legislation, any growth earned by your pension fund is tax free
Tax free cash at retirement, subject to Revenue limits
Possibility of early retirement from age 50 – you will need to surrender shareholding and sever all links with the business
The company can usually make much higher contributions to a pension plan than an individual in their own right - subject to Revenue maximum funding limits
Employee contributions are tax deductible by up to 40%* of salary depending on age and subject to an earnings cap, currently €115,000
* It is important to note that tax relief is not/may not be automatically granted; you must apply to and satisfy Revenue requirements. Revenue terms and conditions apply.We hope this document has given you some insight into the many things you need to think about before you retire.
Want to know more? We are available to discuss your options, and we look forward to hearing from you.
Our job is to help you choose a product and structure that will help you meet your goals.
telephone | 091441188 and/or email | office@nelsonlife.ie
RETIREMENT & PENSIONS | INVESTMENTS | FINANCIAL PLANNING | LIFE INSURANCE
Nelson Life Limited trading as Nelson Life is regulated by the Central Bank of Ireland.
WARNING: Past performance is not a reliable guide to future performance. WARNING: The value of your investment may go down as well as up. WARNING: You may lose some or all of the money you invest. WARNING: These funds may be affected by changes in currency exchange rates. WARNING: If you invest into this product you will have access until you retire (Pension Products). WARNING: The above content does not constitute investment advice, as it does not take into account the investment objectives, knowledge and experience of financial situation of any particular person. Prospective investors are advised to make their own assessment of the information contained herein and to obtain professional advice suitable to their own individual circumstances. WARNING: The information contained in this document is based on our understanding of current tax legislation and the current Revenue Commissioners interpretation thereof and is subject to change including retrospectively without notice. This is intended as a general guide only and is not a substitute for professional tax, legal and investment advice.