Pensions

When most people picture retirement, they think of freedom: travelling, spending time with family, buying a new car or simply having the peace of mind that comes from knowing the bills are paid.
But real freedom in retirement doesn’t just happen. It’s built slowly and steadily through pension and retirement planning. That’s where a PRSA (Personal Retirement Savings Account) comes in.

When you leave a job, figuring out what to do with your pension can feel like a big decision. Instead of letting your savings sit in your old employer’s pension plan, you might consider moving them into a Personal Retirement Bond (PRB).

A PRB gives you more control over your pension savings, letting you decide how your money is invested and managed as you plan for retirement on your own terms.

When people think about retirement, many assume the State Pension will cover everything, so they put off retirement planning. But years later, they often discover the State Pension doesn’t stretch to the life they pictured, things like keeping up with bills, enjoying trips, or treating the grandkids. The truth is, relying on it alone can leave a gap between what you’ll have and what you’ll need.
Retirement planning is essential, and understanding a few basics makes it far easier to build a plan that actually works for you. In this guide, we’ll clear up the key points about the State Pension and private pensions so you can see how they fit together and start setting up a retirement plan that’s realistic, flexible, and truly yours.

If you’ve heard people talking about auto-enrolment and wondered what it means for you, your pension, your pay, and your future, you’re not alone. Ireland is bringing in this new system to help more people save towards retirement, and it’ll affect many employees.
In Ireland, about 800,000 employees lack a private pension, almost one in three workers. That could mean depending solely on the State Pension later on. Auto-enrolment helps by nudging people to save more for the future.
Use this straightforward LowQuotes.ie guide to understand auto-enrolment—how it works, why it matters, and your next steps.

Moving abroad for adventure, work, or a new lifestyle is an exciting prospect. But before you pack your bags, don’t forget about one of your most valuable financial assets, your private pension in Ireland.
Your pension is money you’ve worked hard to save, and it’s one of your most significant financial assets. So if you’re planning a move, it’s worth taking the time to think about your finances, especially your pension, before you go.

When you think about your pension, you probably picture retirement, enjoying your savings when you finally clock out for good. But here’s something many people forget to ask: what actually happens to your pension when you die?
It’s not the most pleasant thought, but it’s an important one. Your private pension is often one of your most significant assets, and understanding how it will be treated can provide you with peace of mind and financial security for your family.
The answer depends on a few things: the type of pension you have, whether you die before or after retirement, and who you’ve nominated to receive the money. Let’s go through it step by step.

Maybe you haven’t given much thought to your retirement yet, or perhaps you’re thinking, “I’ll be fine once I get the State Pension.” However, there are a few key points to consider when planning for the future. Retirement planning is the smartest way to make sure your golden years are truly golden, so you don’t find yourself short on money just when you should be relaxing and enjoying life.
Here’s one truth that might come as a bit of a shock: the State Pension might not be enough to cover your needs in retirement. With the rising cost of groceries, bills, healthcare, and everything in between, it can be tough to get by, let alone live comfortably.
That’s where a private pension can make all the difference. It’s the gap between just scraping by and actually having the freedom to enjoy your retirement with peace of mind.

Saving for the future is hard enough without making it harder on ourselves, but that’s exactly what many of us do, often without even realising it. When it comes to pensions, many people put things off or avoid getting started because of common myths that sound true but really aren’t.
These misconceptions can lead to missed chances and habits that chip away at your financial future. And what feels like no big deal now can have a serious impact on your lifestyle down the line. So, let’s bust some of those myths before they mess with your future.

Self-employment gives you freedom, but it also means you’re flying solo when it comes to planning for the future. Unlike PAYE workers, you don’t have access to a company pension scheme or employer contributions. That means it’s entirely up to you to take charge of your retirement savings.
Without an employer sorting out your pension, planning for the future is entirely up to you. And while retirement might seem far away now, the decisions you make today could mean the difference between scraping by and retiring comfortably.
In this article, we’ll break down why having a pension is essential if you’re self-employed, the different pension options available to you, and how starting early can make a big difference to your long-term financial security.

All pension plans come with charges, but the size and type of these fees can vary significantly depending on the provider. That’s why it’s so important to know exactly what you’re paying, because even small charges, if they’re too high, can quietly eat into your long-term savings.

Over time, excessive fees can severely impact your returns, meaning you could end up with far less in retirement than you expected.

In this article, we’ll break down the most common fees, help you figure out if you’re paying too much, and show you how to plan efficiently. While you can’t avoid fees altogether, you can take control and make sure they’re not costing you more than they should.