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How A Personal Pension Plan Can Benefit You

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Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available or contact richard@quigley.ie for further information.


Personal pensions can provide a fantastic opportunity for individuals to help achieve their retirement goals. They offer very favourable tax reliefs and control over how clients invest their funds by offering a wide range of investment options to suit all risk appetites. They can also provide a possible solution in supporting clients’ inheritance tax planning for themselves and their families.


WIDE RANGE OF INVESTMENT OPTIONS

  • Pensions allow for a wide range of investment options to suit the risk appetite of every client.

  • This includes investments in equities, bonds, property and other secure options.

GENEROUS TAX RELIEF CONTRIBUTION LIMITS

  • Personal pensions can provide a fantastic opportunity for individuals to help achieve their retirement goals.

  • They offer very favourable tax reliefs and control over how clients invest their funds by offering a wide range of investment options to suit all risk appetites.

  • They can also provide a possible solution in supporting clients’ inheritance tax planning for themselves and their families.

TAX FREE GROWTH ON FUND

  • Under current legislation the State does not apply tax on the growth of the fund.

RETIREMENT LUMP SUM

  • Retirement lump sum of 25% of the fund value.

  • Tax free up to a limit of €200,000.


INHERITANCE PLANNING

  • Personal pensions can allow clients to protect their families both pre- and post-retirement.

  • Ability to pass on assets to ones estate from an Approved Retirement Fund (“ARF”).


CHOICE OF INCOME OPTIONS IN RETIREMENT

  • Clients can exercise control over how they invest and access the balance of their fund.

  • Flexible drawdown of income available through ARF products.

  • Guaranteed income options available through Annuity products.

  • Income drawdown in retirement is subject to tax.


This information is based on Quigley Financial Brokers understanding of legislation and Revenue practice as at September 2021 and may change in the future. While great care has been taken to ensure the accuracy of the information, Quigley Financial Brokers cannot accept responsibility for its interpretation nor does it provide tax advice.

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