Personal Pensions

RETIREMENT SAVINGS BUILT AROUND YOU

A personal pension is a retirement savings plan you own outright, with contributions invested to build a fund for your retirement. It's a flexible choice for the self-employed and anyone without access to a company scheme.

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Scope

We can help you with

Pensions for the self-employed Regular & lump-sum contributions Fund choice & risk profiling Tax relief on contributions Consolidating existing plans Retirement options at maturity

What we do

Assess how much you can and should contribute.
Compare personal pension providers, funds and charges.
Set up your plan and arrange your tax relief.
Adjust contributions as your income changes.
Review performance and strategy every year.

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Why book a personal pensions?

Without an employer scheme, nobody is going to build your retirement fund for you — and the State pension alone is unlikely to support the lifestyle you have in mind. A personal pension puts you in control, with tax relief doing much of the heavy lifting.

Contributions qualify for income tax relief at your marginal rate, growth is tax-free, and at retirement you can typically take a tax-free lump sum within Revenue limits. The earlier you start, the harder compounding works for you.

Good to know

Personal Pensions FAQs

Personal pension or PRSA — which is better?+

Both offer tax relief and flexibility; the right choice depends on charges, fund choice and your circumstances. We'll compare both for you.

How much tax relief do I get?+

Relief at your marginal rate - up to 40% - subject to age-related percentage limits on earnings up to €115,000.

What if my income varies?+

Personal pensions accommodate variable contributions, and lump-sum top-ups before the tax deadline are a useful way to manage relief year to year.

What happens when I retire?+

You can usually take up to 25% tax-free within limits, with the balance moving to an ARF or annuity to provide retirement income.

What tax relief do i get on pension contributions?+

Contributions Qualify for tax relief at your marginal rate — 40% for higher earners, 20% for standard-rate taxpayers—up to age-related limits set by Revenue. The exact benefit depends on your income and tax band, so it's worth running your own numbers with an advisor rather than assuming a flat percentage.

What happens to my pension if I change jobs?+

You can usually transfer it into your new employer's scheme, move it into a Personal Retirement Bond , or leave it invested where it is until retirement. Which option makes sense depends on the new scheme's charges and fund choice, so it's worth comparing before deciding

Can I take a lump sum from my pension?+

Yes- when you draw down your pension you can usually take part of it as a tax-free or reduced-tax lump sum, with the exact amount depending on your pension type and total value. We'll walk you through what applies to your specific pension when the time comes.

What's the difference between a PRSA and an Executive Pension?+

A PRSA is a personal, portable pension you can take between jobs. An Executive Pension is set up by an employer for a specific employee and usually allows higher contribution limits. Which one suits you depends on your employment situation - exactly the kind of thing a quick consultation clears up.

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: If you invest in these products you may lose some or all of the money you invest.

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