Keane Mortgage & Financial Services is your local Pension broker based in Rathfarnham, South Dublin.
When you are young, financial commitments such as buying a property can take priority – retirement seems too far away to worry about! However, this is exactly the time when you should be putting plans in place for a secure future in retirement.
The current State Pension (Contributory) provides an income of just €223.30 per week for a single person. If that’s the only income you have when you retire, it could certainly mean a big fall in your standard of living. Furthermore, people are living longer and healthier lives so your retirement could last for up to 30 years*. Did you know that the cost to achieve the fund you will need for a comfortable retirement doubles on average every eight years? So it pays to start early. And the good news is that the Government offer attractive tax relief of 20% or 40% on any contributions you make to a pension plan – so it’s also a great way to save for your future.