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Pensions
Planning for retirement is a key focus for us all, and the earlier this planning is started, the better.
The State pension is only intended to ensure that everyone receives a basic standard of living in retirement. The full State pension amounts to c.€14,420 per year (or €277.30 per week).
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It is important for our clients to get a sense of how long money should be expected to last. In our experience, people often underestimate this. For example, a couple aged 65, would have a 48% probability of having at least one member alive at age 90. Indeed, this is only an average and some clients would need to plan for a longer timeframe.
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Contributions to a pension arrangement can help you build up an extremely valuable asset. Private pensions are a very tax efficient means to accumulate wealth which harness the benefits of compounding. Pensions can also be a very efficient method of extracting money from a company.
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We can provide access to the following pension options:
Personal Retirement Savings Account (PRSA)
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Personal Pension
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Occupational Pension Plan
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Personal Retirement Bond (PRB), also known as a ‘buy out bond'
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Approved Retirement Fund (ARF)
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Annuities
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Whatever your situation, whether you are looking to start retirement planning or want to review your current provisioning, we can help guide you through the various pre-and-post retirement options. We are experienced in pension planning for employees, self-employed, company owners and public servants.