Self-Employed Pension Plan

Protecting your tomorrow – your way

Being self-employed is a very different space to play in. And while you enjoy the freedom of making your own rules, it can sometimes seem that the many benefits open to company employees just don’t apply to your career lifestyle. On top of this you’re hectic – chasing new business, delivering work, managing deadlines and handling accounts. It’s hard to think ahead… but you do need to start planning NOW for tomorrow. So that the future you’re working so hard to build, comes to fruition.

A Personal Pension Plan is specially designed for you and your unique needs as a self-employed person – combining future wealth creation with important tax-benefits you can start putting to work right now. We’re here to help put together the investment plan that’s right for you… 

How it Works

If you are self-employed – or if you don’t have a pension scheme through work – this is the route to take for smart retirement planning. You invest in your pension by making regular contributions – either monthly, or whenever you feel you are able to. This money is invested into funds – which you are able to choose based on your retirement goals.

The big drawcard is that you can benefit from a very generous TAX-RELIEF on our contributions – up to as much as 40%.  When you retire your Personal Pension Plan pays out your accumulated funds and a portion of this is also TAX-FREE.

Automatic Benefits

  • Substantial tax-savings on your contributions – the money you put into your plan is TAX-DEDUCTIBLE. The tax relief you receive depends on your age, and the older you get, the greater your tax relief. This applies to earnings up to a maximum of €115,000
    Your AgeThe amount of your income qualifying for tax relief
    Under 3015%
    60 and over40%
  • Cash plus income for life – when you retire (normally between the ages of 60 and 70), the FULL ACCUMULATED VALUE OF YOUR PENSION is paid out to you as retirement benefits: a CASH LUMP SUM plus a monthly income for the rest of your life.
  • Boost your investment when you want to – you are free to make extra contributions (Additional Voluntary Contributions) into your plan whenever you want to.
  • Tax-free growth  – any growth your investment achieves is TAX-FREE,  yours to enjoy in retirement

Quick Q and A

Q. What happens when I retire?

A. In terms of drawing on your funds, you have a number of choices. If you wish to, you can choose to take some of the capital as a cash lump sum – which is TAX-FREE up to the value of €200,000. The rest of the funds can then be used to:

  • buy a  pension (or annuity) for life – an income paid each month in place of a salary.
  • invest in a fund called an Approved Retirement Fund (ARF) or an Approved Minimum Retirement Fund (AMRF). Money can then be withdrawn from this Fund whenever your employee chooses (certain limits apply).
  • draw a taxable cash sum.
Q. Can I transfer between funds?

A. You do not have to remain in the same pension fund, but there may be costs involved in changing funds.

Q. What happens if I should die before drawing on my Executive Pension Plan?

A. Should this happen, the value of your pension is paid out to your estate and the funds are distributed accordingly

If you wish to discuss your retirement options further, call us on 01 480 4414 or Make an Enquiry.


Warning: The value of your investment may go down as well as up.
Warning: The income you get from this investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.
Warning: Past performance is not a reliable guide to future performance.
Warning: These funds may be affected by changes in currency exchange rates.