Shard

Approaching retirement

If you're looking forward to finishing work in the next few years, this is your last opportunity to tweak and tailor your pension plan for the best possible chance at a financially secure retirement. Plus, it's the last change for eligible taxpayers to get up to 40% income tax relief. 

    

Products are provided by Irish Life Assurance and advice is provided by Irish Life Financial Services.

Helpful tips

Consider your options

ProductListCard Icon

Retirement lump sum

You can take a retirement lump sum, some or all of which may be tax-free. The amount depends on the type of pension plan you have.

ProductListCard Icon

Buy a pension for life (annuity)

When you hear people talking about a pension, this is what they usually mean. A pension for life is a regular income paid to you for the rest of your life.

ProductListCard Icon

Approved retirement fund (ARF)

With an ARF, you control your retirement fund and can invest it in a wide range of different investment funds. You can also make withdrawals when you need them. And because you own your fund, you can leave it to your dependants when you die.

ProductListCard Icon

Receive a taxable cash sum

Depending on your type of pension, you may be able to take the rest of your fund in one go after the retirement lump sum. You will need to pay income tax at your highest rate, USC, PRSI (if this applies) and any other taxes or government levies applicable on the lump sum at the time.

Getting ready for retirement

Plan for your lifestyle

Consider AVCs (Additional Voluntary Contributions)

Take advantage of tax relief

Think about combining your pensions

Feature List

Why choose Irish Life?

An icon

Guide you to retirement

Our advisors are on hand to help you and offer guidance.

An icon

Support in retirement

We support our customers up until and after retirement.

An icon

Award-winning pension provider

Making us one of Ireland's leading pension providers.

Product Card Icon

Tax on your retirement income

Your pension questions answered