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Pension Zone

The world of retirement planning is changing. To find out how these changes will affect you, click on your age category below.

  • I am in my 20s
  • I am in my 30s
  • I am in my 40s
  • I am in my 50s
  • I am approaching retirement

Ask the Experts

Q: I have recently started a new job and there is a company pension scheme that I will be eligible to join after 6 months. Should I join it?

A:   If your employer has established a company pension scheme for you and you don’t join it, you could be missing the opportunity to have 3 people pay (your employer, the Government and...

Pension Tips

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If a person aged 25 puts €200 per month into a PRSA until age 65, they could build a...

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If a person aged 25 puts €200 per month into a PRSA until age 65, they could build a retirement fund of up to €450,000*.

Compared with –

If the same person waited until they were 45 to start a pension, they would have to pay €400 a month into a PRSA until 65, to achieve a fund of just €206,000*.

*Source: Bank of Ireland Life Pensions Technical Services 2010. Based on person aged 25, paying €200 per month into a PRSA until Normal Retirement Age 65 to achieve fund of €450,000, compared with person aged 45 paying €400 per month into a PRSA until NRA 65 to achieve fund of €206,000. Assumes growth of 6%p.a and premium indexation of 3%p.a. Includes 5% premium charge and 1% annual management charge.

Warning: These figures are estimates only; they are not a reliable guide to the future performance of your investment.

 
Terms and conditions apply. Your benefits at retirement may be subject to tax.