Personal Pension
When and why do you need Personal Pension?​
A pension is a great way to ensure a secure future, offering both tax advantages and the flexibility to grow your savings for retirement. Let me help you make the right choices to secure your financial future!A pension is a long-term savings plan designed to help you save for your future, particularly for retirement. Unlike a regular savings account, pension contributions offer tax benefits, allowing you to save money in a tax-efficient way. When you retire and access your pension fund, the benefits can be received with tax advantages, helping you to make the most of your savings.
​​​​Key Benefits of a Pension:​​
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1. Choice:
There are various types of pensions available, offering different ways to plan for your retirement. You have the flexibility to choose the right option that suits your personal retirement goals.
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2. Control:
With the right advice, you can make informed decisions about your pension. I will help you understand your options, ensuring that you select the best plan to meet your needs.
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3. Flexibility:
Pensions offer various ways to save, including tax relief, employer contributions, and the ability to make lump sum payments. The government sets guidelines based on your age and earnings, allowing you to adjust your contributions accordingly.
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A pension is a great way to ensure a secure future, offering both tax advantages and the flexibility to grow your savings for retirement. Let me help you make the right choices to secure your financial future!
How much should I contribute? It's one of the most common questions people ask. While there's no minimum amount, the maximum amount you can contribute depends on your age.
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AGE MAXIMUM CONTRIBUTION BY AGE
29 or younger 15% of net relevant earnings *
30 - 39 years 20%
40 - 49 years 25%
50-54 years 30%
50-54 years 35%
60 or Older +40%
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* These are percentages of your earnings up to €115,000 (in 2015). If you're a professional athlete, your limit will be 30% of earnings, regardless of your age. (Contributions - This section to be entered under each pension option)