Its never too late to set up your Pension
Whether you are an Employer, Employee or Self Employed – we can help you plan financially for your retirement
No matter what age you are, planning for your retirement or making sure you have a pension plan in place should be a priority.
As a nation we are living longer so a realistic retirement plan is very important. The State Transition Pension was abolished in January 2014, thereby increasing the pension age to 66. The state pension age is due to increase further to age 67 in 2021 and 68 in 2028. There’s never been a better time to start or review your pension. Currently the State Pension is less than €250 pw.
Talk to us today and let us help you plan a better financial future!
Benefits of a Pension Plan?
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Life 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 |
Call us on 091 788000
Email: admin@hcgroup.ie
Let us help you plan a better Financial Future
We are here to help you!
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 |
Company Pensions
A Company Pension – sometimes referred to as a DC Pension or Occupational Pension is a pension plan provided by an employer for its employees. If you’re running a business, we can help you set up a pension scheme for your staff. These are a tax efficient way for you to help ensure your employees are financially secure in retirement.
Benefits for employers and employees
As an employer, providing a Company Pension Plan to your employees will help attract new staff and retain existing employees.
Group PRSA Pensions
Most Group Pensions are trust based arrangements. A Group PRSA (Personal Retirement Savings Account) is different from a Group Pension because Group PRSAs are individually-owned contracts. You and your employers can avail of tax-reliefs against contributions and the pension plan does not require trustees.
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 |