Retirement planning

Plan for your future today with expert financial advice to aid you in your retirement planning.

Simple questions to ask yourself

  1. How much annual income will you need during your retirement? (and what are you doing to achieve this goal?)
  2. When was your overall retirement planning position last reviewed?
  3. Do you need an impartial analysis of your overall retirement funding position in order to identify your true pension planning position?
  4. Would you like to know the value of the pension income that you can realistically expect at retirement?
  5. Do your pension investment funds reflect your own personal attitude to investment risk/reward (and do these funds suit your own retirement planning goals?).
  6. Is your current pension funding arrangement structured to your maximum tax advantage?

Our experts can advise you on:

Group Staff Pension Schemes

Directors / Executive pension plans

Personal pension plans for the self-employed

A group pension scheme is a workplace pension run by an employer. The most common type of group pension is a defined contribution scheme – often set up as a group personal pension – that a company offers to its employees in line with the government’s automatic enrolment duties for workplace pensions.

Executive Pension Plans are tax-efficient savings plans developed by the company for key employees. The employer (and sometimes the employee) contributes to the plan to create a tax-efficient fund that is used at retirement to provide tax-free cash and retirement income.

If you’re self-employed, saving for retirement can be harder than it is for employed people. You have no one to choose a pension scheme, no employer contributions, and your income is likely to fluctuate. But retirement has many benefits.

Personal retirement bonds (buy out bonds)

Personal retirement savings accounts (PRSAs)

Approved retirement funds

A Personal Retirement Bond allows you to bring your pension benefits with you, if you leave a pension scheme.

  • It’s flexible – You have control over your pension plan and how it is invested.
  • It’s tax-efficient – That’s because any growth on your investment is tax-free.

A PRSA (Personal Retirement Savings Account) is a personally owned pension that lets you save for retirement on your own terms.

  • It’s flexible – you can contribute to it whenever you want and stop making contributions at any time.
  • It’s portable – so you can take it with you If you move jobs, or opt for a career break.

An Approved Retirement Fund (ARF) is a post-retirement investment fund into which you can transfer all or part of the balance of your pension funds after receiving a tax-free lump sum.

Want Doyle Pension & Insurance Management to be your lifetime wealth partner?

Contact us now to book a consultation with our personal financial planning expert to make the right choice!