Whether you’re just starting your career or thinking about retirement, a pension helps you build financial security for later life.
Irish Life’s pension plans are flexible, personalised and designed to help you grow your retirement savings with expert guidance every step of the way.
Products are provided by Irish Life Assurance and advice is provided by Irish Life Financial Services.
Find the pension that's right for you. We offer a wide range of pension products from Personal Retirement Savings Accounts (PRSAs) to company pensions and products for when you reach retirement.
Find the pension that's right for you. We offer a wide range of pension products from Personal Retirement Savings Accounts (PRSAs) to company pensions and products for when you reach retirement.
A PRSA is a flexible private pension that helps you save for retirement. It’s owned by you, not your employer, and can move with you if you change jobs. You choose how much to contribute and how your pension is invested, with income tax relief available on eligible contributions.
A Company Pension is an individual pension arranged by your employer for you alone. Unlike a traditional occupational pension scheme, it isn’t shared with other employees and gives you a personal retirement plan in your own name.
An Approved Retirement Fund (ARF) allows you to transfer your pension savings into an investment fund at retirement. You can then take income flexibly, while any money left in the fund remains invested.
CLEAR PRSA | CLEAR EXECUTIVE PENSION | COMPLETE SOLUTIONS ARF |
|---|
FEATURES
| Type of pension | Personal Retirement Savings Account | Company pension for individuals | Approved Retirement Fund (ARF) |
| Purpose | Save for retirement | Save for retirement | Income in retirement |
| Who is it for | Employed, self-employed or between jobs | Employed | Retired |
| Who sets it up | You or your employer | Your employer | You |
| Saving options | Regular and/or lump-sum | Regular and/or lump-sum | No new contributions |
| Income tax relief | Income tax relief on contributions | Income tax relief on contributions | Not applicable |
| Access to funds | At retirement | At retirement | Flexible withdrawals |
| Withdrawals | Regular or lump sums | ||
| Investment options | Range of funds available | Range of funds available | Range of funds available |
Retirement isn’t one-size-fits-all. An individual pension gives you the flexibility and control to plan for the future in a way that suits your life and circumstances.
You decide how and when you save for retirement. You can make regular contributions, add lump sums when it suits you, or change your contributions over time as your income or priorities change.
When you pay into a PRSA or a, individual company pension, you can usually claim income tax relief on what you contribute (up to Revenue limits). Any growth in your pension isn’t taxed while it stays invested, and when you retire you may be able to take a tax-free lump sum (within limits), and your income in retirement will be subject to income tax and other levies.
Your pension is set up for you as an individual, giving you control over how your money is invested and the ability to review or adjust your plan as your goals change over time.
You don’t have to make decisions alone. With access to expert advice and tools, you can get support to help you understand your options and make informed choices about your retirement planning.
You decide how and when you save for retirement. You can make regular contributions, add lump sums when it suits you, or change your contributions over time as your income or priorities change.
When you pay into a PRSA or a, individual company pension, you can usually claim income tax relief on what you contribute (up to Revenue limits). Any growth in your pension isn’t taxed while it stays invested, and when you retire you may be able to take a tax-free lump sum (within limits), and your income in retirement will be subject to income tax and other levies.
Your pension is set up for you as an individual, giving you control over how your money is invested and the ability to review or adjust your plan as your goals change over time.
You don’t have to make decisions alone. With access to expert advice and tools, you can get support to help you understand your options and make informed choices about your retirement planning.
Additional Voluntary Contributions (AVCs) are a tax-efficient way for people to increase their retirement savings. AVCs can be made as a regular contribution or a one-off lump sum top-up.
Find and access the relevant sustainability related disclosures for personal pension funds.
company pension resources
If you are participating in the Irish Life Retail Master Trust you can read the Trust Deed and the Data Privacy Notice for the trustee here
Amended and restated Trust Deed and Rules
One-member pension to Retail Master Trust application and participation agreement (employer is trustee)
One-member pension to Retail Master Trust application and participation agreement (Harmony Pension Trustees Ltd is trustee)
ITC Group Data Privacy Notice
Retail Master Trust Annual Trustee Report 2024
Free consultation
Our advisors are committed to helping people around Ireland achieve their financial goals.
Book an appointment with one of our financial advisors, virtually or in-person.
Get an evaluation of your finances
Get answers to your questions
Get a free personalised plan
Get the right reccomendations
“Use 60 mins to invest in your life, it’s time well spent on your future.”
-Linda Moran
Financial Advisor Irish Life
Irish Life Financial Services Limited, trading as Irish Life, is regulated by the Central Bank of Ireland. Irish Life Financial Services is an insurance intermediary tied to Irish Life Assurance for life and pensions.
