Executive Pension Plans in Ireland
An Executive Pension Plan is a retirement savings solution designed for business owners, company directors, and high-earning employees in Ireland. It allows individuals to save for retirement in a tax-efficient manner while providing benefits that can be tailored to their specific financial needs.
An Executive Pension Plan offers high contribution limits, allowing significant retirement savings to be accumulated with tax relief.
Executive Pension plan's can offer a higher level of pension contributions compared to standard personal pension schemes, making it ideal for individuals with higher income.
Higher Contribution Limits
An Executive Pension Plan allows much larger contributions compared to standard pension schemes. This means individuals can build a more substantial retirement fund, benefiting from tax relief on the contributions made. Higher contribution limits provide an opportunity for greater long-term financial security in retirement.
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Tax Efficiency for Employers and Employees
Contributions made by the employer to an Executive Pension Plan are tax-deductible, reducing the company’s overall tax liability. For employees, contributions are made before tax, which lowers taxable income and maximises the amount saved for retirement. This dual tax advantage helps individuals save more effectively for their future.
Flexible Retirement Options
With an Executive Pension Plan, individuals have the flexibility to choose how their retirement fund is invested and how they take their retirement benefits. This flexibility ensures that the pension aligns with personal financial goals and investment preferences, offering greater control over retirement planning.
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Planning Your Pension? Here's How a Financial Advisor Can Help
Financial decisions can feel overwhelming, but a financial advisor turns uncertainty into clarity. With our expert guidance, you’ll feel confident and ready to take control of your future.
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Client Testimonials
At Quigley Financial Brokers we are dedicated to helping our clients figure out the best pension plan for a healthy and sustainable pension in retirement.
What Difference Will Good Financial Advice Make?
* The Value of Financial Advice, 2016 PIBA / Standard Life
**Econometrics Models on the value of advice of a financial advisor, July 2016 Canada Cirano
