Planning for your desired lifestyle in retirement is a significant challenge facing business owners and professionals today. You want to maximise the tax advantages and also your retirement benefits , all in a risk controlled manner.
You need to carefully consider when you wish to retire , how much you need to save and where best to actually invest your money. At Cregan Kelly O'Brien Financial Planning , this is what we do . Using our On Track process , we help you to clarify your retirement objectives and ultimately achieve them in a controlled way.
Our Pension Advice Process
- Initial discovery meeting (for which there is no charge) where we get information regarding your existing benefits and an outline of your own pension objectives and we assess your risk profile.
- Develop a pension plan tailored to your specific requirements and risk profile
- Make recommendations to you based on research we have carried out
- Implement the plan and provide ongoing advice updates and reviews
Pre retirement pension planning
Our objective is to help you build the max pension fund allowable at retirement so that you can enjoy your retirement years. Our pension advice service will help you achieve your pension goals and we tailor our advice process to your specific needs and requirements.
Who do we advise?
- Company Directors
- Sole traders/ Self Employed and Partnerships See more information on Self Employed Pensions
- Company Executives
- Employers who are looking to set up pension for employees
- Employees with existing pension benefits from previous employments , or employees who have been made redundant and looking for advice or employees looking for advice to set up AVC,s or Additional Voluntary contributions
So if you are considering starting a pension plan and you want to get the best independent advice available or you have existing pension benefits , and you are not happy with the advice you are getting or how your pension fund is performing then why not contact us for a pension review.
Post Retirement Planning
Are you someone who is coming close to retirement See more information on retiring soon and want advice as to the best options open to you?. Or are you someone who has, already retired and you are not happy with how your pension is performing or you feel you are getting little or no ongoing advice?.
We are here to help and advice you
What are my Options when I Retire ?
There are various options for you to consider when you retire and we will help you choose the right one for you , generally the options are as follows1.Tax free Cash , generally either 25% of the total pension fund or up to 1.5 times your final remuneration based your years of service , we will explain these 2 options in more detail at our meeting; 2.Annuity or pension for life , this option will guarantee you a pension for the rest of your life and can include a spouses pension and the annuity can be either level or indexing; 3.Approved Retirement fund [ARF] and Approved Minimum Retirement Fund [AMRF]. see more information on ARF and AMRF
These options are available to most people retiring apart from employees coming with pension benefits coming from Defined Benefit pension schemes.
If you decide to choose this option you must invest a min of €63,500 into an AMRF until age 75 unless you have a guaranteed pension income of more than €12,700 which can include a state pension.
The balance can be invested into an ARF and once you are 60 and over you must draw down a min of 5% per annum from the fund.
The money in the ARF and AMRF is your asset and you will need independent advice in relation to how this money is invested.
We can help you all these options
No matter what your particular pension requirements are we will be able to help and advice you , why not call us today at 01 8700370 for an initial meeting.
Colm Kelly - Financial Planning & Advice
Request a Call Back
Innovative Pension Advice
Planning for your desired lifestyle in retirement is a significant challenge facingpension investment yourself business owners and professionals today. You want to maximise the tax advantages and also your retirement benefits, all in a risk controlled manner. At Cregan Kelly O’Brien Financial Planning, this is what we do. Whether you want to take control of your pension investment yourself , buy property with your pension fund, or invest in a more traditional fund; Cregan Kelly O'Brien has the expertees, experience and market knowledge. More About Pensions