While you’re working, you probably don’t think too much about your retirement - except maybe how nice it would be to enjoy all that free time! But unless you plan for your retirement during your working years, you may be left without sufficient resources to enjoy a comfortable lifestyle when you retire.
So if you want to be able to enjoy a comfortable retirement, you will need to start saving some of your income during your working years. And, the sooner you do so, the better chance you have of meeting your goal.
If you don’t have access to a company pension plan then one of the best ways to put those savings away is a Personal Retirement Savings Account (PRSA) with New Ireland. A PRSA is a cost efficient pension plan that anyone can take out to build up a fund for retirement. You can also claim tax relief (up to 41%*) on the contributions you make to your PRSA.
You can either read about our PRSA product/offering or contact a qualified financial advisor today to understand more about our products and start planning for your retirement.
*Assuming higher rate taxpayer 41%. It is important to note that tax relief is not automatically guaranteed; you must apply to and satisfy Revenue requirements. Revenue terms and conditions apply.