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A pension plan is a long-term savings plan, where you make regular or lump sum payments into a retirement fund. Your pension gives you financial security and the freedom to enjoy your lifestyle when you stop working.

Why start a pension

  • Start early and maximise potential growth: The earlier you start paying into your pension, the more time your money has to grow.
  • You decide how much: The amount you pay into your pension is up to you. Depending on your plan you can start paying little and often or invest a lump sum.
  • You're often free to pause, stop or restart: Depending on the plan you choose you can also you can often pause your payments if you need to.
  • Income tax relief: You could be eligible for tax relief on the money you add to your pension.

 

What types of pensions are there?

There are three main types of pensions in Ireland. You can have any or all three of these:

The state pension

A weekly payment that the government gives to eligible people over the age of 66. While this provides some income, it may not be enough to maintain your lifestyle. What you need to know about the state pension in Ireland.

Workplace pensions

You may have a pension plan through work, where both you, and your employer pay in a portion of your salary each month. Workplace pensions often come with additional benefits such as employer-matched contributions and tax relief. 

Personal pensions

Personal pensions are managed by a life assurance or investment company. If you’re self-employed, don’t have access to a workplace pension, or want to save more for your future, a personal pension could be the right option for you.

Start your pension today

Whether you're just starting to think about your pension, or looking to improve your current plan, we're here to help. Talk to an expert Financial Advisor about your pension and planning for your future.

  • We’ve partnered with Irish Life to bring you this complimentary service.
  • Your Financial Advisor will meet you at your local branch or through an online video call.
  • After your meeting, you’ll get your personalised plan from your Advisor.

Permanent TSB plc trading as PTSB is regulated by the Central Bank of Ireland. Permanent TSB plc is tied to Irish Life Assurance plc for life and pensions products. Irish Life Assurance plc is regulated by the Central Bank of Ireland.

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