Choosing the right pension

Irish Life is Irelands leading pension provider

Irish Life is Irelands leading pension provider. Every year we pay out more pension benefits to Irish people than anyone else, apart from the State. We offer a wide range of pension products from company pensions, PRSAs and products for when you reach retirement.

Why take out a pension?

The single rate State Pension (contributory) is currently just €230.30 a week (May 2010). It is essential to take out a pension if you do not want to face a dramatic drop in income when you retire. It also makes sense to start saving for your retirement as the government offers generous tax reliefs (up to certain limits) for people who save into a pension.

Irish Life Pension Products

Irish Life offers a wide range of retirement savings plans depending on your particular circumstances. To find out which pension product is right for you just choose the statements below that best reflects your circumstances:

1. I don’t currently have a pension. I'm looking for a flexible, simple pension plan with a range of investment funds that I can choose from. I would like a pension plan I can continue to invest in even if I am not working or if I decide to move jobs. If this statement best describes your then our PRSA plan is right for you. Click for our Clear PRSA booklet(pdf 692kb), booklet insert and Fund Guide to find out more
2. I am a company director and would like my company to start a pension for me; I don’t currently have a pension and would be willing to make some payments myself into the pension plan.
   If this statement best describes you then our Executive pension is the right plan for you. Click for our Clear Executive Booklet (pdf 734kb) booklet insert and Fund Guide to find out more.
3. I have a pension plan at the moment and am about to retire. I may want to continue to invest my pension fund after I retire. If this statement best describes your circumstances then our Approved Retirement Fund range of plans would be the right plan for you. Find out more about our Complete Solutions by reading our ARF/AMRF product booklet (pdf 744kb) and our accompanying Fund Guide (pdf 1.2Mb).

Tax information is current and could change in the future.

Retirement age

If you have a PRSA or a personal pension plan, you can decide to take your retirement benefits at any time between the ages of 60 and 75, whether you have stopped working or not.

If you have a company pension plan, you can normally decide to take your retirement benefits at any age between 60 and 70. However, if your employer and the scheme trustees agree, you can retire early from the age of 50.