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 receive 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.
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.
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.
*You can currently claim up to 40% 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 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.