O’Connor Sutton Cronin CPD Pension Presentation

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Presentation transcript:

O’Connor Sutton Cronin CPD Pension Presentation What is a Pension? Types of Pension State Pension Issues for the future Investment issues Options at retirement Tax issues O’Connor Sutton Cronin scheme Executive Benefits Limited www.ebl.ie Executive Benefits Limited

O’Connor Sutton Cronin CPD Pension Presentation What is a Pension? Income in Retirement A tax-efficient investment vehicle Strong Savings Discipline What is Retirement? Stop work, or work differently, and for how long? More flexibility Phased Retirement Why Bother? Living longer Staying healthy Lifestyle aspirations Executive Benefits Limited

O’Connor Sutton Cronin CPD Pension Presentation Types of Pensions State Pension Occupational/Superannuation/Company Pension Defined Benefit/Defined Contribution Schemes Executive Pension Additional Voluntary Contribution (AVC) Personal Pension (RAC) Personal Retirement Savings Account (PRSA) Personal Retirement Bond (PRB) Self-Administered Pension Annuity Approved Retirement Fund (ARF) -Transfer Issues: Transfer In Transfer Out Executive Benefits Limited

O’Connor Sutton Cronin CPD Pension Presentation Tax Reliefs Personal Contributions 15%-40% Company Contributions Tax-Free Growth Tax-Efficient Lump Sum at Retirement Tax-Efficient Approved Retirement Fund (ARF) Executive Benefits Limited

O’Connor Sutton Cronin CPD Pension Presentation Investment Issues Types of Funds Default Funds Lifestyling Personal Choice Personal Risk Profiling Self-Administered Funds Executive Benefits Limited

O’Connor Sutton Cronin CPD Pension Presentation 39 Year view of an Irish Life Pension Managed Fund Executive Benefits Limited

O’Connor Sutton Cronin CPD Pension Presentation Retirement Options Tax-Efficient Lump Sum Annuity Approved Retirement Fund (ARF) Self-Administered ARF Treatment on Death in Retirement Executive Benefits Limited www.ebl.ie

O’Connor Sutton Cronin CPD Pension Presentation State Pension 2014 Age 66 2021 Age 67 2028 Age 68 €233.30 per week (€12,131 per year) Paid from current taxation Likely to reduce in real terms? Executive Benefits Limited www.ebl.ie

O’Connor Sutton Cronin CPD Pension Presentation Thank You! Tony Gleeson B.Comm, AIIPM Executive Benefits Limited www.ebl.ie info@ebl.ie Established 1982. www.ebl.ie/ocscpension.html Executive Benefits Limited is regulated by the Central Bank of Ireland. Executive Benefits Limited