Secure your future
At Nelson Life we understand you will want a retirement that rewards you for all that hard work.
Pension planning is one of the smartest investment decisions you will make.
Small actions today, will make a big impact. We will help you plan, prepare and enjoy it;
Which pension plan is best for me?
Our pension solutions and planning for the retirement you want is not complicated.
We are here to help you, provide you with the facts about range of solutions from the strongest providers available at Nelson Life. Once you understand the key questions such as;
How to save and target the lifestyle you want later in life.
How to invest money and understand risk.
Ways to save smarter and ways to make your money work harder.
Understand the tax rules and how you can be more tax efficient.
Take a closer look at your options. Turning your savings into income.
Retirement come comes in many forms.
At Nelson Life we can help you better understand what you will need, whether you will have enough and what options you will have at retirement.
See what your numbers look like with our visual and interactive tools.
Retirement advice key differences between Annuity (guaranteed income for life) of investment ARF.
Workplace pension planning and advice
Whether you are only thinking about it, or getting closer or have already retired, good planning will help you enjoy it.
At Nelson Life we have access to the strongest pension providers.
We will ensure you have access to and can take advantage of the flexibility, lower costs and visibility of workplace pension structures.
Having a strategy that is personal to you, your goals and your priorities will help you to be prepared, as you work towards you retirement goals.
What are your choices at retirement?
Ready to retire? Turning your savings into income.
Your retirement income will probably come in many forms. You may have savings, your employer pension, the State Pension and other investment income.
We will work with you to ensure you have enough for the life plan you want.
Approved Retirement Funds
Converting your pension plan into something that can allow you to draw an income is a big decision.
An ARF is a flexible investment fund that you own personally and can manage and control during retirement. We will work with you to ensure you clearly understand the different choices, risks and options you may have.
Annuities and Enhanced Annuities (guaranteed income for your lifetime).
Annuities are an easy way to ensure your income needs are guaranteed for the remainder of your lifetime.
Annuity rates vary between providers. With an Enhanced Annuity if you have an underlying medical condition (or some lifestyle factor such as smoking) you may be able to get a better deal.
Pension investment solutions
Employer or Group Pension Plan
If your employer operates a pension scheme, then you should consider joining this scheme as soon as you become eligible.
There are many benefits for you in being a member of your employer’s Group Retirement Plan, such as: Employer contributions – your employer has committed to making contributions to the Group Retirement Plan, to help boost your retirement income prospects.
PRSA Pension Plan
Anyone can take out a PRSA, regardless of their employment status.
Suitable if; you want your employer to make deductions from your payroll. Your employer will also invest. You want a simple product with limits on charges. You change jobs or your income fluctuates frequently.
Executive Pension Plan
An Executive Pension is a pension set up by employers for executives or key employees of the company.
Suitable if; you and your employer want to make tax-free pension investments (Revenue limits apply). You want broader options to take a tax-free cash lump sum depending upon the length of service, salary and fund size.
Personal Pension Plan
Personal pension plans are designed for people who don’t have a pension scheme through work and who want to set aside money themselves.
Suitable if; you are self employed, or have not joined your company pension scheme (if you have a scheme available then you should consider that). You changed jobs recently. You want a broader range of investment options than that offered by a PRSA.
Personal Retirement Bond
One of the options available if you leave pensionable employment is to transfer your pension plan into a Personal Retirement Bond.
Suitable if; you have left service where you were a member of their pension scheme. You are happy to take full responsibility for stock selection and investment of your fund. Want to consider accessing your benefits from age 50 onwards, under ‘early retirement options’. LIMITS and RESTRICTIONS apply.
Will the State Pension be enough for you?
The State Pension (Contributory) for a single person who is qualifies to receive the maximum amounts to EUR 248.30 per week or EUR 12,911 per annum. This equates to approximately 33% of the gross average earnings published recently by the Central Statistics Office CSO.