Key features of Company Pensions

HOW A COMPANY PENSION PLAN CAN BENEFIT YOU

Personal Financial Planning

Company pensions can provide a fantastic opportunity for employers and employees to help achieve their retirement goals. They can benefit from very favourable tax reliefs - on contributions, on fund growth and when drawing down retirement benefits. Company pensions provide individuals with control over how they 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 also other secure options. 

GENEROUS TAX RELIEF CONTRIBUTION LIMITS

Employer contributions can be set against corporation tax • Employee does not have to pay Benefit-In-Kind (BIK) on employer contributions paid • Income tax relief is available on employee contributions.

TAX FREE GROWTH 

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

RETIREMENT. TAX-FREE LUMP SUM

• Tax free lump sum available up to €200,000 

• Choice of tax free lump sum available. Either 25% of the fund or up to 1.5 x final salary

CHOICE OF INCOME OPTIONS IN RETIREMENT

Flexible drawdown of income available through ARF products 

• Guaranteed income options available through Annuity products 

• Income drawdown in retirement is subject to tax

INHERITANCE PLANNING

Protect your fund both in service and in retirement 

• Lump sums and pension options for your spouse / dependants 

• Ability to pass on your assets to your estate from an ARF

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