Personal Pension Plans

Self-employed individuals, company directors and employees in non-occupational employment are entitled to hold a personal pension plan.  Tax relief is available on contributions paid into the plan and restrictions apply to the size of contributions being made which vary between 15% and 40%.

Limited companies

Limited companies may arrange group pensions or executive pension plans for employees and directors respectively.  The company making a contribution on behalf of the individual is entitled to tax relief and the individual who is entitled to contribute, but is not obliged to do so, will also be entitled to tax relief on their contribution.

Personal Retirement Savings Accounts

Personal Retirement Savings Accounts (PRSAs) were introduced in 2003. The plans are very competitively priced and all employers must facilitate employees who are interested in a PRSA. The downside to PRSAs is the restricted fund choice for the standard contract.

Approved Retirement Funds (ARFs) / Approved Retirement Minimum Funds (ARMFs)

Approved Retirement Funds (ARFs) and Approved Retirement Minimum Funds (ARMFs) provide an interesting alternative to the annuity arrangements. The moneys in an ARF/ARMF may transfer to family members or the estate of a deceased policy owner, which is not always true of annuities. ARFs/ARMFs are available at retirement to PRSA, Personal Pension and Executive/Company arrangements.

Self Administered Pensions (SAP) / Self Directed Trusts (SDTs) / Small Self Administered Schemes (SSAS).

Self Administered Pensions (SAP) / Self Directed Trusts (SDTs) / Small Self Administered Schemes (SSAS) are pension arrangements available to all self-employed and company directors. This is a simple pension investment allowing the holder to enjoy the greatest level of control over the direction of the pensions.

We are regulated by the Central Bank as Restricted Activity Investment Product Intermediary and are in a position to offer independent advice on all of the above plans.