Why should I join a pension?
For many of us retirement seems a long way off, and pension
planning is at the end of a long list of more pressing concerns -
mortgages, savings and today's insurance needs take up all our
attention. However, taking some time now to start planning for your
golden years can have untold benefits in later life.
The above might seem too good to be true, but the simple fact is
that if your employer contributes to your company pension plan,
than you are giving up on that money if you choose not to join.
Also, the Revenue allows you tax relief on your pension in 3
different ways:
TAX FREE CASH - When you reach retirement, you will be entitled
to a Tax Free Lump Sum at retirement. For most people, their lump
sum entitlement can be taken tax free too!
If you want more information on your company pension scheme
please contact your HR department or corporate@invesco.ie.
If you want more information on setting up a personal pension
see our Personal Financial Services
pages.
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