A pension scheme (or pension plan) is a long-term savings plan that helps you save for the future. A pension plan allows you to make regular payments and/or transfer one-off lump sums into a fund for retirement. The amounts saved into your pension are called ‘contributions’. Find out why now is a great time to get started with your pension.

Today, the State Pension (Contributory) in Ireland is worth €265.30 per week. We can't predict what will happen, but we do know that starting a pension can give you greater ownership of your future. Putting a little aside today could help you live an active and productive retirement tomorrow.

Choice: There is more than one way to enjoy your retirement and there is more than one type of pension. We will help you choose the one that is right for you.

Control: You can decide how your pension is invested. After all, it's your money.

Flexibility: With tax relief, employer contributions and optional lump sum payments, you may be able to save more than you think.

Why taking out a pension is important

These days we are living longer than previous generations. In fact, most of us can now look forward to 20 or even 30 years of retirement.

A pension can help you plan for these years, whether you want to retire to the country, travel, or spend time with your grandchildren.

The right time to start a pension

The money you save into your pension plan is invested so that your fund can grow over time; this is why the earlier you start a pension plan, the more time your retirement fund will have to grow and the bigger your pension pot will be.

Tax relief on pension contributions

Unlike a regular savings account, money invested in your pension can earn important tax breaks. And when you retire and look for access to your fund, the benefits of your pension can be available in a tax efficient way. Check out our personal pension tax relief calculator to see the tax benefits available to you.

Finding the right pension

There are a few factors to consider when choosing your pension plan, such as your employment status, whether you’re an investor or a novice and your attitude to investment risk. Whatever your personal circumstances are, we can help you choose the type of pension that works for you.

What your pension will be worth

The value of your pension at retirement depends on how much you can afford to put away each month, the length of time you are making contributions, the type of pension plan you select and the investment return. One thing we know is that the sooner you start a pension, the bigger it should grow.

Starting your pension

Starting a pension is the first step in a journey that could last for 40 years or more. A lot can happen over 40 years, and we'll be there to help you manage your funds so you can enjoy your retirement.

How much should you put into your pension?

How much you should contribute to your pension will depend on your specific circumstances.

When deciding how much to save into your pension, it's important to think about how much you can afford, but also to take into account how long you’ve got until retirement and what kind of income you think you’ll need during your retirement, based on the lifestyle you would like to have and how long you expect to be in retirement.

Our pension calculator can help you decide how much you can afford to save and our team of advisors can help you through these important decisions.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these products you may lose some or all of the money you invest.

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