Pension planning
For many people retirement seems a long way away, so they tend to put it to the back of there minds.
If you don’t take on the responsibility of planning your future, then the outlook will be less certain. To enjoy financial security when you retire its is vital to put money aside when you are working.
The tax incentives are significant. This provides a big incentive to see in to a pension plan.
You may need an income for 30 years, after you stop working
You may be retired for almost a third of your life span.
The State Pension (contributory) is currently EUR 12,911.60 per year (EUR 248.30 per week).
Your fall in income could be almost 70%*, so its important to start planning to make up some of the difference.
*The CSO average earnings in Q1 2020 was EUR 40,039 per year.
How do I work out how much I should be saving?
The first thing to do is work out what you can afford to save.
Every ones situation is different and its depends upon your financial circumstances.
Pension plan funding is not cheap. We only require a few key pieces of information to be able to provide you with numbers that a personal to you and the life you want.
Even a small investment can make a big difference, and you will be glad you started.
Research has proven that those that engage with a professional advisor at least once a year are more financially confident.
More savings and investments
More likely to have a retirement plan
More financially protected in the event of illness, accident, diagnosis of a specified illness or even death
More secure and confident about their future
Higher annual savings, larger pension funds, wealth growth, adding considerably to your financial well being and helping you achieve your goals.
Source; Ireland (Standard Life report), UK (Unbiased/Standard life report), Australia (KPMG Econtech report) and Canada (CIRAMNO report).