Why Pensions?

The purpose of a Pension is ultimately to fund your Retirement years by saving a portion of your Employment Earnings into a tax-efficient vehicle.

The Irish Government incentivises workers to fund their own Private Pension by allowing a tax-efficient Pension Fund of up to €2m per person and providing Tax Reliefs on both Company and Personal contributions.

Even though people are now living a lot longer than in previous generations, our target retirement age remains roughly the same, meaning that there are more years of retirement to fund for those wishing to retire in say their mid 60s.

Jonathan Sheahan
Managing Director of Compass Private Wealth, Dublin
www.CompassPrivateWealth.ie
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