Providing for retirement is a very important issue if the end of employment is
not to be followed by a significant decline in living standards. A pension is a
long-term savings plan that helps you save for your future.
Unlike a regular savings account, money invested in your pension can earn
important tax breaks. And when you retire and look for access to your fund, the
benefits can be available in a tax efficient way.
There are 3 types of Pensions:
Personal pensions, which are designed for both
self-employed people and for those in non-pensionable employment.
Occupational pensions (company pensions), which are
provided through employer-sponsored pension schemes.
State pensions provided under the Social Welfare
system. There have been significant developments in the Irish pensions
sector in recent years.