Occupational Pensions Cavan & Monaghan

What is an occupational pension?
Whether you’re an employee or an employer, there are many benefits of an occupational pension scheme.

Occupational pension schemes usually involve both employee and employer contributions. This type of pension plan involves an employer contributing to an employee’s pension within the DC scheme.

For the employee, occupational pensions are good news not only because they are a tax efficient way of saving for retirement, but also because the pension will grow quicker as a result of employer contributions rather than just relying on an employee’s own contributions. And for an employer who provides an occupational pension scheme to its employees, from a HR perspective it acts as a good incentive for new employees thinking of joining the company and as a means of staff retention and motivation for existing employees.

If you are an employer, providing a Group Pension Plan to your employees is not only tax efficient but is also a means of attracting new and retaining existing employees. We offer Group Pension, Group PRSA and Fusion arrangements. Click here to find out more.

If you are an employee, ask your employer if they have an occupational pension scheme in place for you to join. Don’t worry if they don’t provide an occupational scheme because there are still plenty of other options available including personal pensions and PRSAs.

In order to help provide for your future, starting a pension is one of the smartest financial decisions you can make. When choosing a pension, having all the information you need is key. Sound advice is invaluable, so it’s a good idea to seek advice from a financial advisor. An independent financial advisor can guide you through the process and help you select the right plan for your circumstances. You can find a local financial advisor near you with the Zurich Advisor Finder. Alternatively, our Financial Planning Team can provide you with more information about Zurich’s pension plans and options.


Executive Pension Plans Cavan & Monaghan

An Executive pension plan is designed for those working in and running SMEs. It helps employees and employers get the most from their contributions.

What is an Executive Pension?
A Zurich Life Executive Pension is designed to help employees, company owners or company directors save for their retirement. Both employees and employers can avail of tax relief on their contributions.
Product features Choice – We offer a wide range of investment options, designed to meet your needs. Flexibility – You can increase your contributions, or make a one-off contribution, at any stage. Employer contributions with an Executive Pension your employer makes contributions towards your pension.

Who is this product for?
You don’t have to be an executive to take out an Executive Pension Plan. This plan is designed for employees and employers in small to medium-sized companies, who wish to save for their retirement.

The maximum that can be paid into an executive pension plan, between the employee and employer, depends on the employee’s earnings, service and any benefits from previous employment. The maximum amount the employee can pay in depends on their age.

The maximum tax-free lump sum you can take is €200,000.

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42 Dublin St,

049 4326841

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Drumlin Financial Services Limited t/a Key Financials is regulated by The Central Bank of Ireland. Registered Office: Aeta Place, Gortnakesh, Cavan, Co Cavan. Company Registration no. 407677

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