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Personal Pension

Because you are self-employed, it’s up to you to provide for your own future in retirement.  A Personal Pension enables you to build up a fund to provide an income for your retirement, while benefiting from generous tax savings (up to 41% for a higher rate income tax payer) on contributions to your pension plan.

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*Based on a 25 year old, with salary of €30k p.a. investing €60 per month in IRIS 2048-2049. Assuming growth of 6% and premium indexation at 3%. Including 5% premium charge and 1% Annual Management Charge.  Assuming normal retirement age of 65. These figures are estimates only, they are not a reliable guide to the future performance of this investment.  

 

Personal Pension – Benefits to you

  • Generous tax relief (up to 41%**) on savings to your pension plan.
  • Fund grows tax-free.
  • Tax-free lump sum at retirement.
  • Flexibility – you can increase / decrease your contributions to suit your personal circumstances.
  • Range of funds to choose from so you can pick the option that’s right for you.
  • Maintain a comfortable standard of living in retirement.

     

**Assuming higher rate tax payer. Tax relief is not automatically granted you must satisfy the Revenue terms and conditions.

 

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