When you retire, you'll want to ensure that you can continue to enjoy a comfortable lifestyle.
As most of us can now expect to live for at least another 20 years after retirement, now might be a good time to think about saving more of your income for later in life. |
| At retirement you may qualify for a State Pension (Contributory) through your PRSI contributions, and you may also benefit from the proceeds of a company pension plan. |
| However, will relying on the State Pension (Contributory) for a single person of just €230.30* per week per week and being a member of your employer's pension scheme be enough to enable you to fulfill your retirement dreams? |
| Depending on your circumstances, it may be necessary for you to make Additional Voluntary Contributions (AVC's) to your pension plan, in order to provide yourself with a supplemental retirement fund for a brighter future in retirement. |
| And with the attractive tax relief offered by the Government, retirement savings can offer an even better deal than the SSIA, giving you the opportunity to potentially double your savings. |
| *2009 rates |
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