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Pensions NMS as brokers deal with all of the major Irish Pensions Companies and can provide advice on the major pension options including : |
A pension plan will replace part of your income for the rest of your life at retirement...but good pension plans don't come cheap, and the longer you leave it the more expensive it becomes. If you would like some further information about
Pensions in Ireland, |
The graph above assumes that your pension fund will grow at 8.25% each year, having deducted all charges. This is not a forecast as funds can grow at a faster or slower rate, resulting in higher or lower benefits than those illustrated. On retirement the pension fund will but a yearly income-the graph assumes that €100 of the fund you have built up will buy a yearly pension of €11.60 at retirement, starting at age 65 for the rest of your life. We assume that contributions into the pension plan and inflation both increase at 5% each year. We can ensure you have more than €147.30 per week to survive on when you retire. That's what you'll be left with if you depend solely on the state for your pension at retirement. ( €147.30 is the maximum weekly state benefit for a single person at retirement ). So, what's the solution? A pension plan will replace part of your income for the rest of your life at retirement...but good pension plans don't come cheap, and the longer you leave it the more expensive it becomes. If you would like some further information about pensions in
Ireland, |
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