Planning for Retirement
Take Control of Your Future – Start Planning Today
Personal Pensions / PRSA’s
Personal Pensions / PRSA’s for the self employed or those in non pensionable employment.
If you don’t have access to a company pension plan then one of the best ways to put those savings away is a Personal Retirement Savings Account (PRSA).
A PRSA is a cost efficient pension plan that anyone can take out to build up a fund for retirement.
You can also claim tax relief on the contributions you make to your PRSA.
Retirement You Deserve
Company and Executive Pensions for Company owners and Directors.
Some company owners view their business as their pension. But how can you be sure that you will be able to sell your shares, or even the whole business, at the time you Want to retire.
An Executive Retirement Plan allows you to benefit from pension contributions paid By the company on your behalf. It also allows you to provide for your pension fund Independent of the company’s assets and its future profitability.
What Happens at Retirement?
Guidance on the Steps and Decisions You’ll Face
An ARF is an investment plan that allows you to retain control of your retirement fund throughout your retirement years and enables you to pass on the remaining value of your fund to your dependants when you die.
You can choose how to invest your ARF, giving you the opportunity to continue to manage your own fund and select from a wide range of different investment options to suit your requirements in retirement and attitude to risk.
- ARF - (Approved Retirement Fund)
Flexible Retirement Income
Some of the key features of an ARF are
You can make withdrawals, as and when you require.
You can manage and control your retirement fund.
You can set up an ARF to pay you a regular income.
Your ARF invests in funds that currently benefit from tax-free growth.
You can invest in a range of different investment funds.
You can pass it onto your dependants.
Annuity
An Annuity is a series of regular payments made to you throughout your retirement.
To buy your Annuity, you use some, or all, of your pension savings to buy an agreed amount of regular income to be paid to you for the rest of your life.
No need to worry about the effect of poor investment returns reducing the value of your retirement savings, an Annuity gives you a secure and predictable income for the whole of your life in retirement.
With options to provide a secure income for your spouse or partner when you die, you can make sure that provisions have been made for your loved ones.
The Annuity gives you the security of an income for the rest of your life however you will not be able to cash-in your policy for a lump sum.
Group Risk Schemes
Group Risk Schemes for Life Cover and Income Protection
Death in Service ensures that your employees are covered for a sum of money should they die.
From speaking to employers who have had these arrangements in place and who have had employees pass on they have always been thankful that the money provided through the plan was of some financial solace at a terrible time for the family the employee has left behind.
Income Protection Schemes for your employees is often viewed by staff members as a huge benefit as well, this type of benefit will ensure that should your employees be unable to work as a result of an Accident, Illness or Disability they will have the piece of mind that they will have an income continue to be paid to them while being absent from work.
This income is provided from the plan and not from the Company thus allowing the employer to hire a replacement without the moral dilemma of when to stop a sick employees income.
Ongoing Income, Lasting Peace of Mind
Approved Retirement Fund with Life Long Income Benefit
One of the providers, for the first time in Ireland, offers an Approved Retirement Fund (ARF) which allows you to keep control over your investment by providing access to your retirement fund while at the same time allowing you to enjoy the security of a guaranteed income for life.By providing both security and flexibility, this type of Approved Retirement Fund with lifelong income benefit provides a creative and innovative new retirement option, offering you:
You should note that if you do make a discretionary withdrawal, your guaranteed income will reduce. The minimum payment on death is equal to the higher of the current fund value and the premium paid less all withdrawals made (including any surrender penalties, administration charges and tax).
