Enjoy Retirement Without Financial Worries – Start Planning Today
The best time to start a pension is right now. The earlier you begin, the more time your savings have to grow—helping you build a comfortable and secure future. Thanks to compound interest, even small contributions today can make a big difference when you retire.
Whether you’re just starting out, midway through your career, or approaching retirement, we’re here to help. Our expert advisors will guide you through your options, making retirement planning simple and stress-free.
When Should You Start a Pension?
The simple answer? Right now.
The sooner you start saving, the more time your money has to grow, giving you a larger pension fund when you need it most. Delaying could mean missing out on valuable growth through compound interest—so taking action today is one of the smartest financial moves you can make.
Retirement Planning Strategies for Every Stage of Life
Planning for retirement can feel overwhelming, especially with so many options available. Your pension strategy will evolve depending on where you are in life:
Early Career – Getting started with your first pension contributions.
Mid-Career – Reviewing and adjusting your pension for maximum growth.
Pre-Retirement – Ensuring your savings are optimised and tax-efficient.
Each stage comes with unique challenges and opportunities, which is why expert guidance is key. Our advisors will help you build a pension plan that fits your financial goals, ensuring you’re on track for a comfortable, stress-free retirement.
Personal Pension Plan – Secure Your Financial Future
A Personal Pension is a flexible retirement savings plan that allows you to contribute regularly or as a lump sum. These contributions are invested, growing your pension pot and providing you with a reliable income in retirement.
Ideal for self-employed individuals or those without access to a workplace pension.
Full control over savings and investment choices.
Contributions qualify for tax relief, helping your savings grow faster.
Choosing the right pension and investment strategy is key to making the most of your retirement savings. Book a consultation today to ensure you’re making the right choices for your financial future.
Personal Retirement Savings Account (PRSA) – A Flexible Way to Save
A Personal Retirement Savings Account (PRSA) is a simple, flexible way to build retirement savings. It offers a range of investment options, allowing your savings to grow over time.
If your employer doesn’t offer a pension scheme, they are legally required to give you access to a standard PRSA, which is regulated by the Irish government.
Want to maximise your PRSA benefits? Speak with us today for expert guidance on how to make the most of your retirement savings.
How We Can Help
At Financial Planning Matters, we specialise in pension tracing and consolidation, ensuring that no hard-earned retirement savings go to waste. If you’re unsure where your old pension is or whether you should transfer it, we can help.
Don’t leave your retirement savings behind. Book a 30-minute consultation today, and we’ll help you track down your old pension and explore your options for transferring it into a Personal Retirement Bond that puts you back in control.
Personal Retirement Bonds (PRB) – Take Control of Your Pension
A Personal Retirement Bond (PRB), also known as a Buy-Out Bond, allows you to transfer funds from a previous employer’s pension scheme, giving you greater control over your retirement savings.
With a PRB, you have the flexibility to choose how and where your pension is invested, ensuring your savings align with your financial strategy.
If you’ve ever changed jobs, there’s a good chance you left a pension behind in a company scheme. Over time, it’s easy to lose track of these old pensions - especially if the provider has changed, the scheme has been wound up, or you’ve moved jobs multiple times.
What many people don’t realise is that these old pensions are often sitting in underperforming funds, burdened by high fees, or lacking investment flexibility. The good news? You have the option to take control.
By transferring your old pension into a Personal Retirement Bond (PRB), you:
Gain full control – No more reliance on an old employer or scheme trustees. The funds are now in your name.
Access better investment options – Choose a strategy that aligns with your retirement goals.
Reduce costs – Many workplace schemes have higher charges that eat into your pension savings.
Ensure your pension is working for you – Your PRB continues to grow tax-free until retirement.
Directors’ Pensions – Secure Your Future Today
As a company director, you have a unique opportunity to turn business profits into long-term personal wealth through strategic pension funding. Given the tax advantages available, it’s one of the most efficient ways to extract value from your company while securing your financial future. Below, we outline the key pension funding options available and how they can help you build wealth in a tax-efficient manner.
Why Pension Funding is Critical for Company Directors
Unlike employees, company directors have control over how they take profits from their business. While salary and dividends are common methods, both are subject to high levels of tax. Pension contributions, however, offer significant tax advantages, allowing you to build a retirement fund while reducing corporate and personal tax liabilities.
Key Benefits of Pension Funding for Company Directors
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Corporation Tax Relief
Employer pension contributions reduce the company’s taxable profit, lowering your Corporation Tax bill.
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No Benefit-in-Kind (BIK)
Unlike salary or bonuses, employer pension contributions are not subject to BIK.
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Tax-Free Growth
Investments within the pension grow free from Capital Gains Tax (CGT) and Income Tax.
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Extracting Profits Efficiently
Pensions allow you to move company profits into your personal name in a tax-efficient way.
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Access at Retirement
From age 50 (in certain cases), directors can access a portion of their pension tax-free and take further withdrawals in a structured way.
Pension Options for Company Directors
Small Self-Administered Pension Scheme (SSAPS)
A SSAPS offers more flexibility and control over investment choices, including direct property investment, private equity, and other alternative assets.
Ideal for directors looking to invest pension funds in specific assets.
Offers the same tax benefits as other pension structures.
Requires ongoing management and compliance with pension rules.
Personal Retirement Savings Account (PRSA) for Company Directors
A company can now fund a PRSA for directors without any salary-based restrictions, making it an excellent option for flexible pension contributions.
Contributions qualify for full tax relief for the company.
No funding limits based on salary, unlike traditional pensions.
Portable and easy to manage, making it attractive for directors moving between businesses.
Master Trusts & Group Pension Schemes
Some directors may benefit from joining a Master Trust, a professionally managed group pension scheme.
Provides professional governance and investment management.
Employer contributions still receive tax relief.
Less administrative burden compared to a Small Self Administered Pension Scheme.
Planning for Life After Retirement
Enjoying a worry-free retirement starts with smart financial planning. It’s important to ensure you have:
Enough savings to cover daily expenses.
A clear plan for healthcare and unexpected costs.
A sustainable pension drawdown strategy.
Understanding how to access your pension efficiently is key to managing your post-retirement finances. With the right strategy, you’ll have financial security and peace of mind, allowing you to focus on the things that matter most.
Retirement should be about enjoying life—not worrying about money. Let’s build a plan that helps you retire with confidence.
Let’s Talk About Your Financial Future
Your finances should work for you, not the other way around. Our expert advisers take a personalised approach, acting as your dedicated financial partner to help you plan, grow, and protect your wealth. With transparent and independent advice, we ensure your financial strategy aligns with your goals—so you can focus on living life on your terms.
Trusted Partnerships
We work with some of the top Insurance and Financial Investment companies in Ireland:
