Having a pension provides financial security and stability during retirement. It allows you to have a
reliable source of income, maintaining your standard of living and covering your expenses after you
stop working.
When you have a pension, you’re not just saving for the future; you’re building a foundation for a
worry-free retirement. This steady income stream helps you maintain your lifestyle and meet your
financial obligations, offering peace of mind as you enter this new phase of life.
Tax Benefits Unveiled:
Pensions are the most tax-efficient means of saving. Here’s why:
Tax Relief on Contributions: You receive tax relief on your contributions at your marginal
rate of income tax, lightening the burden on your present finances.
Tax-Free Growth: The beauty of pension investments lies in their ability to grow tax-free
until retirement age.
Tax-Free Lump Sum: Upon retirement, you can take a tax-free lump sum, currently set at
25% of the total pension value, providing a financial cushion to kickstart your retirement.
Generous Employer Contributions: Employers can make additional contributions to your
pension without impacting your age-related personal contributions, adding an extra layer of
financial support.
Understanding the Pensions Landscape:
Pensions come in various forms, each tailored to different needs:
Occupational Pensions: Run by your employer.
Personal Pension Plan (PPP) or Personal Retirement Savings Account (PRSA): Can be set up
by you, providing a personalized approach to retirement savings.
Public Service Pension: Available to those working in the public sector.
These, along with the State Pension, collectively aim to provide a secure income during retirement.
Why Start Your Pension Journey?
At Ezfees Financial, we understand the significance of securing your financial future through
pensions. Our dedicated financial advisors compare pension products from a range of providers to
ensure you get the most suitable plan at the best deal. We guide you through available options,
helping you make informed decisions for you and your family’s needs.
Whether you need assistance understanding tax benefits, exploring different pension types, or
selecting the right plan, our team is here to support you.
Conclusion – Planning for a Secure Future
Pensions are a cornerstone in securing your financial future. With tax advantages and various
pension types available, making informed decisions about your pension plan is crucial. At Ezfees
Financial, our dedicated financial advisors are here to help. Contact us today to start planning for a
financially secure future.
Your peace of mind is our priority!