Pensions
”Retirement is a blank sheet of paper. It is a chance to redesign your life into something new and different.” – Patrick Foley
Most people have an expectation that a time will come when they will be able to retire. For most people, the State Pension will be insufficient to provide a basic level of income and to provide a reasonable standard of living.
The full State Pension (Contributory) at age 66 is €15,563 per year as of January 2026. Per the CSO, in Q4 2025, the average annual earnings in Ireland was €52,617, meaning the State Pension will provide less than 30% of this pre-retirement income.
It is important for you to take control of your retirement planning strategy and to be proactive regarding your pension irrespective of your age.
A pension currently offers three meaningful tax advantages — relief on contributions, deferred tax on growth and a partially tax-free lump sum at retirement — each subject to Revenue limits. We will model your position against the current rules before recommending a course of action.
Remember: Don’t leave it too late! It is always better to start funding for your pension as early as you can.
Below are some questions you should consider when reviewing your retirement planning needs:
- When would you like to retire?
- When do you plan to actually stop working?
- Will you have other sources of income in retirement (i.e. rental income etc.)?
- What income will you need in retirement?
- How much does it cost to pay your bills and cover your lifestyle expenses?
- Will your mortgages, debts and other liabilities be cleared before you retire?
- Are you entitled to the full State Pension?
- Have you paid into a pension previously?
- How much can you afford to pay into a pension today?
- Will you have any dependents or family relying on you for financial support?
- Do you have a spouse or partner that will also be in receipt of income in retirement?
Contact us to start putting you on the right track.