Starting a pension is one of the smartest decisions you can make. It could help ensure a brighter, better future to look forward to.
When you’re choosing a pension, having all the information you need is key. So we’re here to help you select one that’s right for you. Pensions plans available include:
An Executive pension plan is designed for those working in and running SMEs. It helps employees and employers get the most from their contributions.
An Executive Pension Plan allows you to benefit from pension contributions paid by the company on your behalf.
It also allows you to provide for your pension fund which is independent of the company’s assets and its future profitability.
These pension plans are suitable for both employees and controlling directors.
It allows you to enjoy the greatest level of control over the direction of your investments, including access to investment in property and structured investment bonds.
Your retirement is a time you have worked hard for, a time to start doing the things you always promised yourself. To ensure you are able to make the most of your retirement you will want to ensure you are financially independent. Especially since your retirement could last for 20 years or more.
What you can do with the proceeds of your pension plan depends on which employment category you fall into and the type of pension plans you currently hold. Depending on your circumstances there are different options for you to consider at retirement.
You have the option to take a tax-free lump sum and may be able to use the balance to avail of:
A pension income for life (an Annuity)
An Approved Minimum Retirement Fund (AMRF)
An Approved Retirement Fund (ARF)
A taxable lump sum