In the Irish Times this month there is an in depth article outlining why it is never too late to start planning your pension. Depending on your age there are many different option and sometimes your age might determine that it is not on your mind, however it is always good to have the information
Some interesting findings from a recent report from Telda, show that those in retirement with a higher income experience a higher quality of life. Three in ten with low income say that a shortage of money prevents them from doing what they want to do, in comparison to one in ten with a high income.
An Approved Minimum Retirement Fund (AMRF) and/or Approved Retirement Fund (ARF) A Guaranteed Income for Life, or annuity, may be the right option for someone who needs their pension to provide them with a steady income in retirement. However, if your circumstances are such that you do not require a regular income for life
An annuity is a contract with a life insurance company that will pay you a guaranteed, regular pension income for life in return for a capital sum. The capital sum comes from your retirement fund. You will pay income tax and Universal Social Charge (USC) on the income that you receive. The amount of regular pension income
Additional Voluntary Contribution We should all recognize the importance of saving during our working lives in order to provide a decent income in retirement. By reviewing your pension contributions regularly you can identify if you are saving enough to fulfil your retirement goals. If you want to boost your pension savings to provide a greater income in retirement
PRSA’s – Personal Retirement Savings Accounts In 2002 the Government introduced Personal Retirement Savings Accounts (PRSAs), a very flexible and attractive way of saving for retirement. Just like other forms of pensions, PRSAs come with attractive tax reliefs and offer access to a wide range of investment funds and options, so you get all
Executive Pensions If you are a company owner, director or senior executive then an Executive Pension is possibly the most tax-efficient and secure way for you to save for your retirement. An Executive Pension will also ensure you and your business maximise the generous tax advantages available. We will help you establish and run
Personal Pensions Planning ahead for your retirement is one of the most important financial decisions you will ever make. That’s why it’s so important to get it right and ensure that your retirement years are as secure and enjoyable as possible. At Southeast Financial Services we will help you make the right decisions for
Pensions Southeast Financial Services deal with most of the major Irish Pensions Companies and can provide advice and planning on your pension options including : Personal Pensions Company Pension Schemes, AVC – Additional Voluntary Contribution, PRSA’s – Personal Retirement Saving’s Account, ARF’s, Retirement Options Pension Audit A pension plan will replace part of your