Why have a pension ?
The State Pension – at the maximum – is €12,950 per annum. This will be insufficient for most people. We need to save for our retirement.
Pensions attract tax relief, making saving for the future more attractive. Let’s take for example, Paul aged 42 earning €70,000 per annum. He saves €500 per month into his pension. Paul is on the higher rate of PAYE, 40%. Because of tax relief, the real cost to Paul to save €500 for his retirement is actually only €300. The other €200 comes from monies the taxman would otherwise have received.
We are not saving enough for our retirement. The government has plans to address this but you better not count on that to save you !
If you are an employee and want a single pension savings plan that you can keep no matter how many times you change employers, you should speak to us. If you are self-employed, a doctor or solicitor, or equally if you are an employee, but not a member of your employer's pension facility, then it's up to you to plan for your own retirement. Come and speak to us. The generous tax advantages that a pension plan offers, makes it a really cost efficient way to save.
AM Financial is proud to have Ireland's biggest pension providers as business partners.
AM Financial gives pension advice in North Dublin. We speak to clients from Malahide, Portmarnock, Swords, Kinsealy, Artane, Applewood, Baldoyle, Balgriffin, Beaumount, Clontarf, Clongriffin, Donabate, Donaghmede, Drumcondra, Howth, Phibsborough, Raheny, Santry, Sutton, Balbriggan, Castleknock, Coolock, Fairview, Finglas, Kilbarrack, Lusk, Marino, Naul, Portrane, Rolestown, Rush and Skerries.