If you don't have a sufficient pension you will be faced with a significant drop in income when you retire.
The current state pension is a maximum of €230.30 per week for an individual but it can be much less than this if you are self employed or have not paid sufficient PRSI contributions.
The time to start your pension is today; any delay will make it harder for you to achieve your retirement goals.
Call us today and will take you through your available options, we will cut through all the jargon and explain your options in plain English.
BENEFITS OF YOUR PENSION
- In 2011 you will get full tax relief for your pension contributions at your top rate of tax. If you are paying the top rate of tax at 41% the government will effectively fund €410 through tax relief of every €1,000 you contribute to your pension.
- Your pension fund grows tax free.
- At retirement you are entitled to a tax free lump sum.
- If you have appropriately funded your pension at retirement you will have a fund that allows you to maintain your lifestyle.
ODM Financial has strong expertise in structuring pensions to match your circumstances.
We are very experienced in dealing with the pension options below: