I don’t have a pension plan
What is a pension plan?
It is a longer-term savings plan that has important tax reliefs on your investments. Your investments have the potential to build up over time, so you can enjoy the life you want.
The earlier you start, the longer you will have to save and the greater the potential for growth.
Your second life
People retiring today expect to be much more active. We are generally fitter and healthier than ever before.
Today’s retirees can look forward to almost 30 years of life after work.
You may be entitled to the State Pension, however, that may not be enough.
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.
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.
You may need an income for 30 years or more, 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.
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).