Pensions and Investments

Generally people are living longer and leading more active lives in retirement. As a result it is more important than ever for you to think about where your income will come from when you retire. It is important to start pension contributions early. The state pension will provide you with a basic level of retirement income, provided you qualify. When planning for retirement you will need to decide whether this is enough to live on in retirement and if not where the additional income will come from.  It is important for you to take control of your retirement planning and make decisions regarding your pension. 

There are 3 types of Pensions:

• Personal Pensions - which are designed for both self-employed people and for those in non-pensionable employment.

• PRSA’s  - A personal retirement savings account (PRSA) is a personal pension suitable mainly for individuals who are not in employer pension schemes.

• Executive Pensions - An Executive Pension Plan  is suitable for company directors or owners & allows them to provide for their retirement .

The longer you delay in starting a pension, the more that will have to be funded each month, to ensure an adequate income on retirement.

Please click here for information on Pensions and Investments from our expert customer service team in Wicklow.