Pension

Understand what retirement relief is with practical examples and learn about new tax changes impacting family business & farm transfers in Ireland.

The Standard Fund Threshold (SFT) was once a concern only for individuals with exceptionally large pension pots. However, as the threshold has fluctuated over the years, more people are now finding themselves approaching this limit. While the SFT remains at €2 million for 2025, it is set to increase annually from 2026 onwards, reaching €2.8…

    In this article, we talk about early retirement, which occurs when individuals access their pension benefits before they have reached their normal retirement age (generally age 65-68), along with the different types of pensions, pre and post-retirement, and the merits of each.   At what age can I access my pension? The age…

Starting a pension in Ireland is an achievable goal that can secure your financial future. Whether you’re self-employed, employed, or a director, there are different pension options available to suit your needs. The key is to understand the steps and select the right type of pension scheme for your situation. A popular choice for those…

Each individual has a personal pension funding threshold of €2 million. This is a combined total of all an individuals Irish pension benefits. In order to reach this level of funding, in most cases, it will require large contributions from a Ltd company. A company can make large one-off pension contributions as well as regular…

Choosing between an Approved Retirement Fund (ARF) and an annuity for your retirement plan can be challenging. The biggest difference lies in how the two handle income and inheritance. With an annuity, you receive a fixed, guaranteed income for the rest of your life, which can provide stability. However, this income ends when you pass…

Explore the benefits and options of directors pensions in Ireland, including tax efficiencies, contributions, and investment strategies for a secure retirement.

Read our guide to self-employed pensions in Ireland, featuring PRSAs, PPPs, and more. Discover expert advice on securing your financial future.

We come across many clients who have pensions from old employment that have not been reviewed in any great detail for many years. Reviewing your pension(s) is important for several reasons: 1. Changes in Personal Circumstances: Life is dynamic, and your financial situation may change over time. Reviewing your pension allows you to adjust contributions…

There are a lot of Irish people who have previously or are still working in the United Kingdom. While in employment, these individuals would have paid national insurance stamps which count towards a UK state pension entitlement.   UK State Pension Requirements Qualifying for the UK state pension depends on your National Insurance contributions or…

The number one stress for anybody approaching retirement is the unknown of whether or not their pension fund will last them in retirement. Increased life expectancy is putting extreme pressure on pension funding as this income needs to last for approximately 30 years. Defined Benefit pensions (guaranteed pension income for the rest of your life)…

The global nature of business has meant that many people move from country to country to either further their careers or to experience other cultures. This often results in individuals becoming ex-pats (expatriates), i.e. residing in a country that is not their native country. Along this journey, an individual can build up various pension pots.…

Ireland and the UK have always had a close relationship, with many Irish people often ending up working in the UK for long periods of time, thus building up ‘pension pots’ which still remain in the UK when they repatriate back to Ireland. Individuals are unaware of their options when it comes to these pensions…

Why do I have a pension? There will be a day in everybody’s life where they ‘down tools’ and retire. After this date you will no longer receive an income. The loss of income is substituted for the state pension for those who are eligible. The state currently provides two types of pensions for retirees:…

Irish emigrants moving back from Australia on a permanent basis, cannot transfer these holdings into an Irish pension like some other overseas pension arrangements.

Pensions have hit the headlines in recent months as it is quite clear that we are sleepwalking into a pension crisis in the not so distant future. With an aging population a growing reality, the cost of retirement provision to the State is set to increase significantly in the coming 15-20 years. The State pension…

Irish emigrants moving back from Australia on a permanent basis, cannot transfer these holdings into an Irish pension like some other overseas pension arrangements.

The government, pension providers and financial advisers such as us expend quite a bit of time and energy encouraging individuals to take control of their retirement planning. After all, we’re all becoming more aware of the folly of relying on the state if we want to maintain even a half decent lifestyle in retirement. But…

This article discusses the pension options available to Irish citizens returning from working in Canada.

We previously wrote an article around the advantages and disadvantages of transferring a UK pension scheme to Ireland, which was mainly concerned with Defined Contribution (DC) schemes.  We briefly touched on transferring a UK Defined Benefit (DB) scheme to Ireland and noted that this will incur extra fees due the requirement of a UK advisor…