Pensions
Whatever your dreams for retirement you should, at the very least, have the reassurance of knowing that there’ll be something left over every month once the bills are covered.
The State pension will provide a basic income, currently around €12,000 a year, provided you qualify. Beyond that, your standard of life will depend entirely on how much money can you put aside from today.
If you are not already in an occupational pension scheme, or contributing to a Personal Retirement Savings Account (PRSA) through work, then you should be thinking about setting up a personal pension plan.
There is no shortage of choice, with funds that invest in the stockmarket, commerical property and lower risk bonds. And as an intermediary for all the major pension providers in Ireland, Pendergast Maguire can find the one that best suits your circumstances.
Best of all, we will even help you reclaim up to 40% of your contributions while tax reliefs at the top marginal rate remain.
A personal pension is still the cheapest way of saving for the future, and you can use our Pensions Calculator below to get an idea of how much you should be putting away for the day you retire.
Personal Retirement Savings Accounts
Personal pension plans don’t suit everyone, and the PRSA is a low-cost alternative that doesn’t require you to have taxable earnings in order to pay contributions.
If you are a homemaker, carer or even unemployed, we can sort you out with a PRSA that will allow you to keep building up your pension pot.
Pendergast Maguire also offers assistance to small and medium-sized businesses in arranging their employees’ legally entitled access to a PRSA fund.
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Prendergast Maguire Financial Services Ltd |
A member of the Professional Insurance Brokers Association