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A pension is a special type of savings account that allows you to
put money away for retirement. This is an extremely efficient way
to save, as you will receive tax relief at your marginal rate of tax
(20% or 41%). You also have a variety of funds to choose from when
investing the money, ranging from high-risk specialised funds to capital
guaranteed funds. This is where you will benefit from O'Sullivan McGoldrick's
expert independent advice on a wide range of different retirement
products.
The reason we need to invest in our pensions is to bridge the gap
between what we are earning at retirement age and what we will be
receiving from the old age pension. Often this shortfall in income
is a drastic one and you need to start your pension sooner rather
than later to avoid paying larger payments to make up for lost years.
Putting one Euro away in your twenties can be worth two and a half
times a euro in your mid-fifties!!!
Post Retirement
We also provide an advisory service for people who are retiring and
are about to receive their pension benefit. As there are many guidelines
as to what you can and can't do we at O'Sullivan McGoldrick think
that it is as important to get advice on what to do after retirement
as planning for retirement itself. |
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