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Saving for Retirement
Approaching Retirement
At Retirement
Need advice? Call one of our expert advisors on 1850 882 853 or Request a call back

The amount you save today will have a direct impact on your retirement lifestyle.

A pension is essentially a long term savings plan that's locked away until you retire, with the added benefit of tax relief on the amount saved.

The longer you pay into your pension, the more time you benefit from tax relief and any growth on your fund. At retirement, you'll have choices on how to access your fund to maintain your lifestyle.

Our advisors will assist you with all the expertise you need to plan for the future that's right for you.

For more information, read our Pensions FAQs.

As your own boss, you have the freedom to choose when you retire.

With life expectancy increasing your retirement savings will need to last you longer. The State Pension will give you a good start on your retirement fund, but you'll more than likely need to add to this to maintain your lifestyle in retirement.

There are a number of pension options available to you. Whether your business is set up as a company, partnership or if you're a sole trader, we provide Personal Pension Plans, PRSAs and Executive Pensions.

Tax relief is available on your contribution and you will have access to a range of funds in which to invest your retirement savings.

We have expert advisors on hand to walk you through your pension options and ensure you are availing of the tax benefits available.

Help estimate your retirement income with our Retirement Planning Calculator.

If your employer provides your pension:

If you pay into a company pension, you can claim tax relief on your contributions up to certain limits. You can also add to your pension benefits by making Additional Voluntary Contributions (AVCs).

Talk to the pension administrator in your company to make sure you are fully informed of the benefits and options available to you.

If your employer does not provide your pension:

You need to think about making your own provision.

A Personal Retirement Savings Account (PRSA) is a great way to take ownership of your own pension:

  • You can claim tax relief of up to 41% on the contributions you make up to certain limits*
  • It's a simple and flexible pension
  • It's portable. If you change employment, you could continue to contribute to your PRSA
  • It gives you access to a wide range of pension funds in which to invest

Help estimate your retirement income with our Retirement Planning Calculator.

*You can currently claim up to 41% tax relief on your contributions. The amount of tax relief available depends on your marginal tax rate. It is important to note that tax relief is not guaranteed. You must apply to and satisfy Revenue requirements. Tax relief as you get older increases.

Your pension plan is worth checking into every few years.

Goals and priorities change over time so it is important to review your pension on a regular basis to ensure it matches the retirement lifestyle you want.

Since you last reviewed your pension you may have:

  • changed your mind about when you want to retire
  • changed your view on how much money you might want to retire on
  • changed salary
  • changed jobs
  • got married
  • reached an age where you can avail of increased tax breaks*
  • the State pension age may have changed

If any of the above have changed since your last review, it's crucial to check that your pension is aligned to your current circumstances.

For more information, view our Pensions FAQs or contact us today.

*You can currently claim up to 41% tax relief on your contributions. The amount of tax relief available depends on your marginal tax rate. It is important to note that tax relief is not guaranteed. You must apply to and satisfy Revenue requirements. Tax relief as you get older increases.

You may have recently become self-employed.

You now need to set up and provide for your own pension.

Meeting with our advisors will give you peace of mind to know where you currently stand financially. This can help you determine if you will be able to afford the lifestyle you are accustomed in the future, and if not, will help you to create a plan to acheive your goals for your retirement.

At this stage of your life, retirement is very much on the horizon. And even now, an extra push in the coming years could make a significant impact on the retirement pot that awaits you.

Availing of the generous tax relief available on pension contributions, even this close to retirement, is the smartest way to maximise your fund.* More importantly, with not long to go until your retirement, you'll recieve the benefit of these tax breaks sooner than you'd think.

Our advisors know exactly what tax breaks are available to you and are on hand, with simple, straightforward expertise to help you understand the generous reliefs available.

For more information, view our Pensions FAQs.

*You can currently claim up to 41% tax relief on your contributions. The amount of tax relief available depends on your marginal tax rate. It is important to note that tax relief is not guaranteed. You must apply to and satisfy Revenue requirements. Tax relief as you get older increases.

In the near future, you will have access to your pension fund. The decisions you make on how you use that money will be some of the most important decisions in your financial life.

Our advisors can advise you on the best options for you which can include, taking part of a tax free lump sum, re-investing or buying an income.

We will talk you through trems such as annuity, ARF, and tax free cash among others, that are relevant to your decision.*

These terms are also clearly explained in our retirement options brochure.

* In order to invest in an ARF or take a taxable lump sum, you must have a guaranteed income for life from any number of sources of currently 18,000 per annum in payment at the time the ARF begins. These can include your State Pension benefits (single person rates only), an income from a company pension plan or an income bought with the proceeds of another pension plan.

Our expert advisors can assist you in assessing your attitude to risk based on your current level of exposure and start to explore your retirement options.

These are some of the things you need to think about.

As you approach retirement, you:

  • Should be making the most of the generous tax relief available on money you pay into your pension
  • Need to make a full list of your sources of income: current and past employment pension plans and other income or savings

Did you know, you have the:

  • Ability to withdraw some money free of tax from your fund at retirement
  • Option to buy an income with your retirement fund or invest your lump sum

Our expert advisors will help you navigate your way through these areas. Talk to us today.

You've spent years saving for your retirement. Now it's here, we want to make sure you enjoy it. After all, you've worked hard for it.

We can offer expertise and advice on your next steps and any future financial decisions you might make.

There are some important things to think about, and different choices to make to ensure you continue living your life the way you're used to.

For more information, view our Pensions FAQs.

There are a number of key options to consider depending on your current pension arrangements:

Most people take a tax free lump sum.* With the remaining balance, you could do one or a combination of the following:

  • Purchase an annuity which allows you to exchange some or all of the balance of your fund for a lifetime income
  • Purchase an ARF which allows you to continue to invest after retirement, keeping your funds within your control and allowing you to withdraw money regularly, which is taxable**
  • Take a taxable lump sum

For more information read our retirement options brochure.

*Subject to revenue limits

** In order to invest in an ARF or take a Taxable Lump Sum, you must have a guaranteed income for life from all sources of currently 18,000 per annum in payment at the time the ARF begins. This can include your State pension benefits (single person rates only), a Pension from a company pension plan or a Pension bought with the proceeds of another pension plan.

We will help you make specific choices based on:

  • The size of your pension fund
  • Any other assets you might have, e.g. investment properties, savings, etc.
  • Whether investment growth or security is more important to you
  • Whether you wish to pass your pension fund or any other assets to your dependants
  • Your current state of health
  • Your age

Call one of our advisors 1850 304 070 or request a callback for straightforward advice on your retirement plans.

Our Pensions Toolkit

Need Advice?

Call us on 1850 882 853 or request a call back
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