What is a pension?
Now is a great time to get started with your pension
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.
What is a pension?
A pension is a long-term savings plan that helps you save for your future.
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 can be available in a tax efficient way.
Why take out a pension?
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.
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.
Our Pension Calculators can help you decide how much you can afford to save.
You can't rely on the State Pension (Contributory) alone
Today, the State Pension (Contributory) is worth about €230 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.
Starting your pension
Taking out 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.