Pensions & PRSA's


Don't worry if you find pensions complicated! We can help you find the right pension product for your needs.
Are you ...
an employer?
an employee?
self employed?
changing jobs?


Employer

Looking to set up an occupational pension scheme?
Group Pension Plan – Pensions that are provided by an employer.
Group PRSA Plan – PRSA pensions that are administered on a group basis.


Employee

If you are an employee in non-pensionable employment, you have 2 options for your pension. These are:
Personal Pension Plan
Personal Retirement Savings Account (PRSA) Pension Plan


Both offer:
Tax relief on all pension contribution
Any investment growth is also tax-free
Flexibility – you decide how much to contribute to your pension
Stop and restart contributions at no extra cost
The most suitable choice of pension will depend on your own circumstances
Additional Voluntary Contributions (AVCs)
If you are a member of an occupational pension scheme, then you may be in a position to improve the benefits you receive on retirement by making AVCs.


Self–Employed

    If you are self-employed and looking to set up a pension you have 2 options: A Personal Pension Plan
    A Personal Retirement Savings Account (PRSA) Pension Plan
    Personal Pensions and PRSAs help you plan for your retirement and both offer:
    Tax relief on all pension contributions
    Pension investment growth is also tax-free
    Flexibility – you decide how much to contribute to your pension plan<
    Stop and restart pension contributions at no extra cost


    Changing Jobs

    If you are changing jobs you may need:
    Retirement Bonds
    This lets you take your pension entitlement with you when changing job without having to transfer it to your new employer's pension scheme.
    PRSA Pension
    If you want to save for retirement but plan to change jobs soon you should consider taking out a PRSA pension. This is a retirement account you can take with you each time you change job.

     

    Nixon Alexander Financial Services Ltd. is regulated by the Central Bank Of Ireland. Member of the Professional Insurance Brokers Association. Directors: Nixon Alexander, Siobhan Alexander. Reg No. 442665

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