MK Financial,
Bridgewater House,
Bridge Street,
Boyle,
Co Roscommon,
F52 WO29
Tel: 086 8440541
Retirement planning is becoming increasingly important, particularly as people live longer and the cost of living rises. It is never too soon to start planning for your retirement. The choices you make, including the duration of your pension plan, will determine the income you will have when you retire and the lifestyle you will be able to afford. The average person lives for 15 years after retirement, that’s equivalent to one-third of most people’s working life, so it is important to put some time into planning your pension.
MK Financial can help by providing professional advice on pension plans suited to your circumstances. Our advice is based on an assessment of your overall financial situation, so you will always get excellent unbiased advice from us.
If you would like to arrange a one-to-one consultation to discuss your personal or company pension requirements please contact us.
For a brief overview of the different types of pension plans available, please see below.
A personal pension plan is a private pension policy that is managed by an investment firm on your behalf. Personal pensions suit people who are self-employed or have no pension through their employment. A person can contribute to more than one personal pension plan. Contributions to Personal Pension are deductible against earned income within certain limits.
A personal retirement savings account (PRSA) is more flexible than a standard personal pension plan. Anyone up to the age of 75 can take out a PRSA and you don't have to be earning an income to do so. A PRSA is also useful if you wish to make Additional Voluntary Contributions (AVC) to your Company pension but are unable to do so through your employer’s plan.
A company pension is a pension plan set up by the employer. The employer makes payments into the pension plan on behalf of employees. Company pensions are an excellent way to reward and retain staff. MK Financial offers a range of company pension options to suit the needs of all employers, from SME’s to large corporate organisations.
A Personal Retirement Bond is used to buy retirement benefits for former members of a pension scheme. When a member leaves a Company pension scheme, the value of their fund on leaving the pension scheme is invested in the bond. When they retire, the proceeds of the PRB can be used to provide retirement benefits.
MK Financial,
Bridgewater House,
Bridge Street,
Boyle,
Co Roscommon,
F52 WO29
Tel: 086 8440541
MK Financial, Bridgewater House, Bridge Street, Boyle, Co Roscommon, F52 WO29
Tel: 086 8440541 | |
Email: info@mkfinancial.ie
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