Pension planning 2019

Posted by

No matter what age you are, planning for your retirement or making sure your pension is on the right track should be a priority.

As a nation we are living longer so the need for a realistic retirement plan is very important. Also the State Transition Pension was abolished in January 2014, thereby increasing the pension age to 66. The state pension age is due to increase further to age 67 in 2021 and 68 in 2028. There’s never been a better time to start or review your pension.

Your pension aims to help you ensure that your retirement years are spent doing the things you always wanted to, not regretting the opportunities you missed.

Many companies in Ireland now realize that there is no getting away from pensions and auto enrolment is coming in 3 years(2022).

This will mean the government will take funds from your company(if your company hasn’t  started their pension) and invest into whatever default scheme they choose,Personally

I’m not really a fan and would recommend setting up your personal or company pension with an independent pension broker.

They can advise you on funds(everyone’s fund choices are different)and also make sure your charges are low but the most important thing is they are there for advice the whole way through your investment and will do a  indept review on your pension annually.

Remember people can claim tax relief of up to 40% on their contributions and companies can  also avail of 12.5% corporation tax relief.

If you haven’t started your company/Personal pension or need help getting it started  feel free to email me at or call 01-6339245 and i’ll help you set up your retirement fund.