Reaching retirement is a massive milestone, but for many people, it brings up a stressful question....What actually happens to my pension pot when I stop working? As a broker at Citywide Financial Solutions, this is the single biggest area of confusion for our clients. Many people spend decades diligently saving into a pension without realising that how you take your money out depends entirely on the type of scheme you hold. In Ireland, pensions fall into two distinct categor

Are you tired of watching your hard earned money sit in generic, one size fits all pension funds? For company directors, business owners, and high earners across Ireland, gaining control over your retirement fund is the ultimate goal. That is exactly why many are turning to a Self Directed Pension Plan. Unlike a standard managed fund tied to a life insurance provider, a self-directed structure lets you call the shots. You choose exactly where your money goes. However, that in

When you are planning your retirement as a business owner or a director, there are two options that may be particularly relevant to you. These are Personal Retirement Savings Accounts (PRSA) and Master Trusts. We will breakdown the key distinctions between these two retirement products which should enable you to decide which one best suits your needs. What is a Master Trust? A Master Trust is a type of occupational pension scheme which allows multiple, unrelated employer

Auto-enrolment (AE) is a new pension savings scheme set to start in Ireland on 1st January 2026 for certain employees who are not currently paying into a pension plan. People will be automatically included in the scheme but can opt out after 6 months. Many are now wondering if they should set up a pension plan themselves or wait for AE to be fully introduced and be automatically enrolled. In this blog we will explain the options you have available and why we think that you

In simple terms, a Director’s (or Executive) pension allows the transfer of profits from your company’s bank account into your own long...

1.What are the latest funding rules for an Employer paying into a Personal Retirement Savings Account (PRSA)? There is no limit on the...

How does a Director's Pension work? A Directors Pension can be the most tax-efficient way for you as a director to get profits from your...