that put you first
Company Pensions
HC Financial can provide advisory services for your company’s pension & employee benefit arrangements. Our aim is to ensure both the employer and members fully engage with and understand the benefits available to them. We can advise on all aspects of your company’s group arrangements in areas including:
- Employer Sponsored Occupational Pension Schemes
- Additional Voluntary Contribution Schemes
- Group PRSAs
- Group Risk Benefit Schemes (eg. Death in Service and Income Protection)
- Existing Pension Reviews
- Retirement Planning and Leaving Service Advice for Members
- Member Education Programmes (In-Site Programme)*
Benefits for Employers
As an employer, providing a Company Pension Plan to your employees will help attract new staff and retain existing employees. Also having Death In Service and Income Protection benefits for employees can be an integral part of an attractive employee benefits package
Benefits for Employees
For employees a company provided pension gives assurance that a retirement plan is in place for when they finish work. Matching employer contributions and tax relief at source are the practical benefits of a company pension plan.
Death in Service and Income Protection can also provide employees peace of mind in the event of death or being unable to work due to ill health.
Call us on 091 788000
Email: admin@hcgroup.ie
Peace of Mind for you and your loved ones
We are here to help you!
Benefits of a Pension Plan?
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Live the life you choose after retirement |
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The State Pension Alone may not be enough |
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Its never too late to start your Pension |
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Its easier than you think and there is Tax Relief |
Personal Pensions
We want to help you choose the right pension for your lifestyle and requirements
There are a number of options open to you depending on your specific circumstances and requirements:-
- Personal Pension Plan
- PRSA Pension
- Retirement Bond
- Executive Pension Plans
Personal Pension Plan
A Personal Pension is a personally owned pension, held in your name. Unlike a company pension plan, where your employer may make contributions to your pension, only you can make contributions to a personal pension.
It is suitable for anyone saving for their retirement and is mainly suited to those who are self-employed, or whose employer does not offer a pension scheme.
On retirement you can take a tax-free lump sum of 25% of your fund, up to a maximum of €200,000. The remainder of your fund can then be invested in an Annuity or Approved Retirement Fund.
PRSA Pension (Personal Retirement Savings Account)
A PRSA is a personally owned pension that lets you save for retirement on your own terms. You can contribute to it whenever you want and stop making contributions at any time. This plan is for everyone, regardless of employment status. You can take out a PRSA if you’re self-employed, or working for a company.
On retirement, you can take a tax-free lump sum of 25% of your fund, up to a maximum of €200,000.
The remainder of your fund can then be invested in an Annuity or Approved (Minimum) Retirement Fund A(M)RF.
If you have taken out a PRSA to make (AVCs) Additional Voluntary Contributions, you must take your benefits from your PRSA in the same way as you take the benefits from the main scheme.
Retirement Bond
A retirement bond lets you take your pension entitlements with you when changing jobs, without having to transfer to your new employer’s scheme.
Executive Pension
This plan is designed for employees and employers in small to medium-sized companies, who wish to save for their retirement. The maximum that can be paid into an executive pension plan, between the employee and employer, depends on the employee’s earnings, service and any benefits from a previous employment. The maximum amount the employee can pay in depends on their age.
On retirement, you can take a tax-free lump sum of either:
- 25% of your fund, or,
- based on salary and service, to a maximum of 150% of salary.
The maximum tax-free lump sum you can take is €200,000.
The remainder of your fund can then be invested in an Annuity or Approved Retirement Fund.
Call us on 091 788000
Email: admin@hcgroup.ie
Peace of Mind for you and your loved ones
We are here to help you!
Benefits of a Pension Plan?
|
Life the life you choose after retirement |
|
The State Pension Alone may not be enough |
|
Its never too late to start your Pension |
|
Its easier than you think and there is Tax Relief |