Don Murphy: 087 6595 111
Christy Santry: 087 6364 555

Retirement Planning

“Retire with a Smile”

Ensure your standard of living after you stop earning.

A pension plan is basically a long term investment plan, where you save regular amounts or lump sums (called 'contributions') to build up a retirement fund. If you are earning an income, you will get tax relief on your contributions to your pension plan that you would not get from other forms of savings.

Important Points:

1. For every €100 of your income that you invest in a pension plan, the real cost to you after tax relief is less. It costs you:

2. You don't have to pay tax on the growth of your pension fund.
3. When you retire you can take part of your pension fund as a tax-free lump sum. The amount you can take depends on the type of pension plan you have.
4. The earlier you get started the better, as you will have more time to make contributions and more time for your pension fund to grow in value.
5. The alternative is the State Pension (contributory), which won’t go far.