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Private Sector Pensions |
| No-one really wants to think about starting a pension. When you are young, financial commitments such as buying a property can take priority - retirement seems too far away to worry about! However, this is exactly the time when you should be putting plans in place for a secure future in retirement. |
| The current State Pension (Contributory) provides an income of just €230.30 per week for a single person. If that's the only income you have when you retire, it could certainly mean a big fall in your standard of living. Furthermore, people are living longer and healthier lives so your retirement could last for up to 30 years. Did you know that the cost to achieve the fund you will need for a comfortable retirement doubles on average every eight years? So it pays to start early. |
And the good news is that the Government offer attractive tax relief on any contributions you make to a pension plan - so it's also a great way to save for your future
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