Review your Pension

Regularly reviewing pensions ensures alignment with evolving financial goals, maximizes returns, manages risks, and keeps individuals informed about market opportunities and regulatory changes for a secure and comfortable retirement. Getting a quote is the first step in your journey! Answer a few questions and wait for one of our Advisors to contact you!

Why do I need to review my Pension?

Frequently evaluating your pension is essential to ensure it matches your changing financial objectives. Regular reviews, usually done yearly, enable you to evaluate investment performance, modify contributions to adapt to evolving situations, and stay updated on pension regulations. By consistently assessing your pension, you can improve asset allocation, evaluate risk tolerance, and make necessary changes to maintain a strong retirement plan aligned with your goals. Additionally, regular pension reviews allow you to take advantage of market opportunities, address potential shortcomings, and make informed decisions for a secure and comfortable retirement.

Financial Security

Regularly reviewing your pension funds helps ensure your financial security in retirement by assessing whether your savings are on track to meet your retirement goals. It allows you to make adjustments as needed to ensure you have enough funds to support your lifestyle after retirement.

Maximise Results

Reviewing your pension funds allows you to assess the performance of your investments and make changes to maximize returns. By monitoring the performance of your funds, you can identify underperforming assets and reallocate your investments to potentially higher-performing options, helping you grow your retirement savings more effectively.

Manage Risks

Reviewing your pension funds helps you identify and manage risks associated with your investments. By regularly assessing your portfolio, you can ensure it remains diversified and aligned with your risk tolerance and investment objectives. It allows you to adjust your investment strategy to mitigate potential risks and protect your retirement savings from market downturns or other financial uncertainties.

Make informed decisions

Reviewing your pension funds keeps you informed about changes in the financial markets, economic conditions, and regulatory developments that may impact your retirement savings. It allows you to stay proactive and make informed decisions about your investments, ensuring you are well-prepared for any changes or challenges that may arise in the future.

Google Reviews

LowQuotes.ie
4.9
Based on 1345 reviews
Lisa M.
Lisa M.
Ross really took his time to accommodated my busy schedule while getting me the best deal possible. It was really appreciated.
Mohmmed D.
Mohmmed D.
Excellent service specially Cormac has been amazing, highly recommended.
Laura W.
Laura W.
I cannot recommend Low Quotes highly enough. In particular Niamh. Niamh was with me from start to finish on my mortgage/insurance journey and the service I received from Niamh was simply exceptional. Her dedication, support and professionalism shown to me throughout my journey was just amazing. Niamh took the time to understand my needs and getting me the best deals on the market and for that I will be forever grateful. Her knowledge and expertise of the industry is fantastic. Niamh is an amazing asset to Low Quotes.
Response from the owner: Hey Laura,We’re absolutely delighted to hear about your experience with Niamh! It’s fantastic to know she was able to support you throughout your mortgage and insurance journey and provide such a high level of care and professionalism.Niamh is indeed a huge asset to our team, and we’ll make sure your kind words are passed on to her. We’re so glad she could help you secure the best deals and make the process smooth and stress-free.If you ever need anything else or have questions down the line, we’re only a message away. Thanks again for the glowing recommendation!Best regards,LowQuotes Team
Vignesh C.
Vignesh C.
Friendly customer service and would recommend for sure.
Response from the owner: Hey Vignesh,Thanks a million for the great review! We’re delighted to hear you had a positive experience with our customer service. We always aim to make things as smooth and friendly as possible, so your recommendation means a lot to us. If you ever need anything else, don’t hesitate to reach out.Best Regards,LowQuotes Team
Andrew L.
Andrew L.
I dealt with a very professional and informative person Shaneen any questions that needed answering were answered and explained in a very detailed and also simple way ! Between the first phone call I felt that Shaneen was there to help me out with ever need and the best policy availableThank you once again ShaneenHighly recommended 10/10
Response from the owner: Hey Andrew,We’re delighted to hear about your positive experience with Shaneen! It’s great to know she was able to answer all your questions clearly and guide you toward the best policy. We’re all about making things as straightforward and helpful as possible, so your kind words mean a lot.If you ever need anything else, don’t hesitate to reach out.Best Regards,LowQuotes Team
Brendan D.
Brendan D.
Amazing service from Tiernan at LowQuotes. He made the process of getting a mortgage so much easier and was helpful the entire way.The LowQuotes portal is easy to use and user friendly, which made document organisation much easier.
Response from the owner: Hey Brendan,We’re delighted to hear about your positive experience with Tiernan! It’s great to know he was able to make the mortgage process easier for you and provide helpful support throughout.We’re also glad you found the LowQuotes portal user-friendly—it’s designed to keep things simple and stress-free, so your feedback means a lot to us! If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Craig D.
Craig D.
Ross Kirwan was great help. Flexible for my hectic schedule. Thank you.
Response from the owner: Hey Craig,We’re delighted to hear about your positive experience with Ross Kirwan! It’s great to know he was able to work around your hectic schedule and provide the support you needed.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jacques P.
Jacques P.
Fast speedy review online and a few good options provided a good all round service
Response from the owner: Hey Jacques,We’re delighted to hear you had a great experience with our online process! Providing fast and efficient service with a range of good options is exactly what we aim for.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Paul O.
Paul O.
Colin made the process so easy. Highly recommend.
Response from the owner: Hey Paul,We’re delighted to hear about your positive experience with Colin. It’s great to know he made the process so easy for you! We always aim to keep things simple and stress-free, so your recommendation means a lot to us.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Sharon G.
Sharon G.
My experience was lovely dealt with a lovely patient man called cormac I had to get him to repeat himself twice on some details and was very understanding his tone never changed with me .cormac logue your a credit to this company.
Response from the owner: Hey Sharon,We’re delighted to hear about your positive experience with Cormac! It’s great to know he was patient, understanding, and took the time to ensure everything was clear for you. We always strive to provide a smooth and supportive experience, so your feedback means a lot to us.If you ever have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Keith H
Keith H
Excellent,,,My agent Aideen was very helpful, answered all my questions,and explained everything clearly,,,well worth a call ,,, 😁😁
Response from the owner: Hey Keith,We’re delighted to hear about your positive experience with Aideen! It’s great to know she was able to answer all your questions and explain everything clearly. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! 😁If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Tomas O.
Tomas O.
Dealt with Shaun Young in relation to Health Insurance quotes. Very happy with the service provided. Extremely friendly, proffesional and efficent. Had the policy in place in less than 24hrs highly recommend.
Response from the owner: Hey Tomas,We’re thrilled to hear you had a great experience with Shaun! It’s fantastic to know he provided friendly, professional, and efficient service, getting your policy sorted in less than 24 hours. We truly appreciate your recommendation!If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jade G.
Jade G.
Aideen Graham was so so helpful! I wasn’t familiar with any aspects of life insurance but she talked me through both policies. Will be recommending her 😊
Response from the owner: Hey Jade,We’re delighted to hear about your positive experience with Aideen! It’s great to know she was able to guide you through your life insurance options and make everything clear. Helping our customers feel informed and confident in their choices is always our goal!Thank you for your recommendation—we truly appreciate it! If you ever have any more questions, feel free to reach out.Best Regards,LowQuotes Team
Krzysztof P.
Krzysztof P.
I recently had the pleasure of working with Alan. He made the insurance process a walk in the park. Friendly, knowledgeable and always willing to answer my questions. I highly recommend Alan to anyone looking for an insurance agency that puts their clients first. Alan’s professionalism is 5 stars!
Response from the owner: Hey Krzysztof,We’re delighted to hear about your positive experience with Alan! It’s fantastic to know he made the insurance process so easy and was there to answer all your questions. Providing friendly and knowledgeable service is what we strive for, so your kind words mean a lot to us!Thank you for your recommendation—we truly appreciate it! If you ever need anything in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jessica B.
Jessica B.
Aideen was so helpful and informative in explaining exactly why Private health insurance is important but also being very honest about what shortfalls they are and how much you can get from the Public system.
Response from the owner: Hey Jessica,We’re delighted to hear about your positive experience with Aideen! It’s great to know she was able to explain everything clearly and provide honest insights into both Private Health Insurance and the Public system. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Satwik K.
Satwik K.
Low Quotes provided me with required clarity in choosing from one of the providers they work with. Alison Fitzpatrick, was very prompt in providing me with required assistance. Made it easy for me to get the best quote and get my policy documents.
Response from the owner: Hey Satwik,We’re delighted to hear that Alison was able to provide you with the clarity and assistance you needed in choosing the right provider! Making the process smooth and ensuring you get the best quote is exactly what we aim for.Thank you for your kind words and for choosing LowQuotes. If you ever need any further assistance, don’t hesitate to reach out!Best Regards,LowQuotes Team
jitesh S.
jitesh S.
Aoife Morgan is awesome. Quick on chasing things and very efficient with docs and questions. Thanks to lowQuotes for the quick job.Highly recommend.
Response from the owner: Hey Jitesh,We’re delighted to hear about your positive experience with Aoife Morgan. It’s great to know she was able to assist you efficiently and keep things moving quickly. We aim to make the process as smooth and straightforward as possible, so your feedback means a lot to us!If you ever have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,The LowQuotes Team
Emma C.
Emma C.
As someone who hasnt done much research into Health insurance I really appreciated Shane's phone call from lowquotes as he informed me about so much and made me more aware about services etc. Shane was helpful honest and very pleasant on the phone. I will definitely be in contact with him again.
Response from the owner: Hey Emma,We’re delighted to hear that Shane was able to provide you with clear and helpful information about health insurance. It’s great to know he made the process easier and more informative for you! Our goal is always to ensure our customers feel confident and well-informed about their options.If you ever need further assistance, don’t hesitate to reach out—we’d be happy to help!Best Regards,The LowQuotes Team
Dariia H.
Dariia H.
It was a great experience working with LowQuotes. Colin was dealing with our mortgage protection application and support us during this process, for which we are very grateful. Highly recommend!
Response from the owner: Hey Dariia,We’re so glad to hear you had a great experience with Colin and that he was able to support you throughout your mortgage protection application. We know how important this process is, and we’re delighted we could make it as smooth as possible for you.Thanks for your kind words and recommendation! If you ever need any further assistance, feel free to reach out.Best Regards,The LowQuotes Team
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Start a Retirement Planning today and secure the future of your dreams!

Planning for retirement is a significant milestone. Whether you’re just starting to think about retirement or are already well into your retirement journey, this guide will help you make informed decisions and create a retirement plan that aligns with your financial goals. And it’s totally FREE! Don’t wait, download now!

Your journey towards financial freedom starts here!

After you download your guide, one of our expert Financial Advisors will be in touch shortly to provide you with guidance and further relevant information to build you a customised retirement plan.

Start your journey today. Take the first step to achieve all your financial goals.

Meet our Team of Expert Advisors

How often should I review my Pension?

Reviewing your pension plan’s frequency depends on several factors such as age, financial objectives, and market conditions. As a general guideline, conducting a thorough review annually allows you to monitor its performance and make any necessary adjustments. Additionally, significant life events like marriage, parenthood, career changes, or receiving a lump sum inheritance may prompt additional reviews to ensure your retirement strategy remains aligned with your evolving goals.

As retirement approaches, it’s advisable to increase the frequency of reviews, particularly five years before retirement, to ensure your pension plan adequately meets your income needs and objectives. Keeping an eye on market changes and inflation is also crucial. Significant shifts in market conditions or economic trends may necessitate revisiting your pension plan to ensure it continues to meet your expectations. Moreover, considering the impact of inflation on your estimated monthly pension and assessing whether increased earnings allow for higher pension contributions can further optimize your retirement savings.

What to keep in mind when reviewing your Pension.

Reduced Charges

Over the last 15-20 years, pension plans have developed immensely, and one of the main changes is that much lower charges exist with modern pensions. These charges have a direct impact on your returns & benefits you receive from your fund.

Consider Inflation

If you started your pension several years ago. Due to inflation, would your estimated monthly pension be enough in today’s money? Enough to cover any bills you may still have after you retire? Are you now earning much more than when you started your pension and can afford to pay more into your Pension and gain additional tax benefits while growing your pension pot?

Save “half of your age” Rule

As a very rough rule of thumb, you should be aiming to save “half your age” percentage-wise. So at age 40, you should be saving 20% of your income into a pension. So if you haven’t reviewed your pension recently, you might need to increase what you’re paying.

Regular Premiums

Regular premiums are much easier to bear. It can be very challenging for self-employed people to find the spare cash to make annual contributions to their pension at the same time as they’re faced with their tax bill. Smaller balancing contributions at the tax deadline can be easier.

Don’t rely only on the State Pension

The maximum state pension is currently 277.30 per week. Also, the state pension age is rising. For people due to retire in 2028 onwards, they won’t receive a state pension until age 68. So you’re looking at low benefit levels and also now waiting longer for them to start.

Still need more information? Let us help you plan your dream retirement. Send us a message or freephone us on 1800-828-800.

Your Questions Answered

We’re living longer than previous generations. Upon retirement, on average we will have 20-30 years of retirement. A pension plan will make sure you’re financially sound for these years. Whether you wish to travel, retire to the country, or spend time with your children & grandchildren.

The amount you will receive per month entirely depends on how much you’re willing to pay per month, the length of time you’ve been making contributions, the type of pension plan and its investment return. You can also choose to receive a lump sum upon retirement or not.

As of today, the State Contributory Pension is about €240 per week. For most people, during their 20-30 years of retirement, this simply isn’t enough. When you pay into a pension plan, you will receive both the state pension (If available to you) and your Pension Plan.

Tax relief reduces the actual cost of your pension. You do not have to pay tax on money that you put into a personal pension (This falls within the limits set out below). This is calculated at the highest rate of tax you pay (Currently 20% / 40%)

Example:
Monthly contribution = €100
Tax Relief (40%) = €40
Cost to you = €60

Warning: Past performance is not a reliable guide to future performance.      

Warning: The value of your investment may go down and up.      

Warning: If you invest in this product, you will not have any access to your money until you retire.   

Warning: If you invest in this product, you may lose some or all of your investment.     

Warning: This product may be affected by changes in currency exchange rates. 

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Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.