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.

LowQuotes.ie
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Helena D.
Helena D.
Very helpful explained everything really well
Sarah D.
Sarah D.
Seamus is one in a million, he went way above and beyond to help us we struggled with getting mortgage protection and he put both of us at ease every time we got anxious his bubbley personality, humour and honesty made our journey a joy ,thank you again Seamus your amazing at your job 🎉🙏
Geraldine M.
Geraldine M.
Thanks Aoife for taking the time and advice of best policy to take out
J M
J M
I had the pleasure of dealing with Alan Broderick who supported me with finding the best rates for my few policies and plans and I even ended up switching. Not only was this guy professional, he was also very easy going, empathic, and just had a very good understanding of how to support me with the best advice and products for my hard earned little money. This is rare in today's world of ever rising costs! And despite my annoying phone calls and never ending questions, he still remained patient and helpful.If you're looking for an advisor who is driven and knows his stuff, then look no further. I would highly recommend this gem. Thank you Alan for all your help.Joyce M - Dublin
isobel lawlor (.
isobel lawlor (.
We found Colin to be friendly, easy to deal with and very imformative.He explained every thing clearly and made sure we went with a policy that suited our needs.Would highly recommend
Elena A.
Elena A.
As first time buyers,we choose LowQuotes for our mortgage and life insurance and we are very happy that we did ,because from the very begining until the end Aoife Morgan guide and help us to choose the best offer for us .She help us with everything and answear to our questions in a very friendly and profesional way.We highly recomend her to help you on your way.
Kelley M.
Kelley M.
I highly recommend! Rebecca was fantastic, so kind and easy to talk to. She made the process easy and explained everything to me clearly. It was easy to get in touch when needed and Rebecca was so professional with returning calls etc ! Thank you so much
Debby S.
Debby S.
Rebecca Sharpe was excellent to communicate with. She explained the purpose and process of acquiring life insurance (as part of a mortgage application) so well. She was honest and helpful in answering all my questions. She was very knowledgeable and gave a range of options so I could get the most appropriate package for my personal situation. I would highly recommend her and LowQuotes as a result. Thanks!
Carmel S.
Carmel S.
Had great help from ColinSet up my life insuranceEasy no hassleThanks again
Response from the owner: Hey Carmel,We’re delighted to hear about your positive experience with Colin. It’s great to know he made setting up your life insurance easy and hassle-free! We always aim to make the process as smooth and straightforward 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
Michael M.
Michael M.
Rebecca has been dealing with us over the past few days. Professional, friendly and Genuine are words that come to mind when describing the customer experience. Very helpful throughout and would recommend this company going forward due to Rebecca's help.
Response from the owner: Hey Michael,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was professional, friendly, and genuine throughout the process, and that her support made such a strong impression.We aim to make every interaction helpful and straightforward, 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
Stephen D.
Stephen D.
I've been dealing with Seamus who helped me. Have to say, his professionalism, patience and his knowledge was fantastic, such an easy guy to talk to. Ended up going through Seamus and id absolutely recommend him. I hope this review gets to his manager, great guy! Thanks Seamus
Response from the owner: Hey Stephen,We’re delighted to hear about your positive experience with Seamus. It’s great to know he was able to guide you through the process with such professionalism, patience, and knowledge. We’re thrilled to hear how easy he made everything for you, we’ll be sure to pass your kind words along to him!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
Shauna D
Shauna D
Had a very positive experience speaking with Rebecca Sharpe today, she was very helpful in discussing my options and made sure I understood the policy that I was getting and was very patient in answering any questions that I had. Highly recommend this service.
Response from the owner: Hey Shauna,We’re delighted to hear about your positive experience with Rebecca Sharpe. It’s great to know she took the time to explain your options clearly, ensure you fully understood your policy, and answer all your questions with patience and care.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
John A.
John A.
Highly Recommend, Dealing with Rebecca was fantastic.
Response from the owner: Hey John,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was able to explain everything clearly and make the process smooth for you. We aim to make every step as straightforward and stress-free 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
Aisling K.
Aisling K.
Really happy with the service I received. Shaun was extremely helpful during this process as it can be fairly confusing. He made everything a much simpler process.
Response from the owner: Hey Aisling,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to make the process clear and straightforward for you, especially when things can feel a bit confusing at first.We aim to make everything as simple 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
Philip C.
Philip C.
We had the pleasure of dealing with Rebecca Sharpe who went above and beyond to accommodate us ensuring we understood all the policy benifits and calling us at a convenient time to allow us time to discuss which policy suited us best. Thanks Rebecca.
Response from the owner: Hey Philip,We’re delighted to hear about your positive experience with Rebecca Sharpe. It’s great to know she went above and beyond to ensure you fully understood all the policy benefits and took the time to accommodate your schedule.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
Agnes C.
Agnes C.
Very positive experience with low quotes. Isabel in particular is fantastic to deal with.
Response from the owner: Hey Agnes,We’re delighted to hear about your positive experience with Isabel. It’s great to know she made the process smooth and straightforward for you. We’re thrilled to hear you had such a great experience with our team!We aim to make everything as simple 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
Sophie P.
Sophie P.
Had my consultation with colin bailey on the phone and have to say he was amazing with everything, literaly spent an hour out of hes time explanining everything to me in detail to help leave my children set for life if anything were to happen to me, would highly recommend the company
Response from the owner: Hey Sophie,We’re delighted to hear about your positive experience with Colin Bailey. It’s great to know he took the time to explain everything in detail and help you feel confident about protecting your children’s future. 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
graham D.
graham D.
From the initial application on line to dealing with Rebecca Sharpe on the phone, was seamless. She made applying and understanding the policy an easy transition, thanks for your help Rebecca very much appreciated.
Response from the owner: Hey Graham,We’re delighted to hear about your positive experience with Rebecca Sharpe. It’s great to know she was able to explain everything clearly and make the process seamless for your policy application. 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
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Start a Retirement Planning today to have 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.

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.

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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.