Pension Plans Ireland

With so many Pension options on the Irish market today, it can be frustrating trying to choose the right option for you. We can help you through this vital life decision. Whether you are starting your first pension, wish to top-up your current pension or transferring an existing pension plan, we have many options available to choose from.

A PRSA (Personal Retirement Savings Account) is a personally owned Pension, we generally recommend a PRSA for Employees. It lets you save for retirement on your own terms. It also includes flexible monthly contributions & tax relief. We will always compare every provider in Ireland to find you the most suitable provider.

A Personal Pension is suitable for Self-employed individuals, company directors or an Employee whose Employer does not offer a Pension. Our Personal Pensions also provide you with tax relief. We compare every Pension provider for you, to find you the most suitable retirement plan for your financial circumstances.

Transfer your pension to avail of reduced fees & charges, better plan options, additional flexibility and higher tax-free cash amounts, or if you are changing employment. Our expert pension advisors are always available to assist you with your query.

Our Financial Advisors will review your current Pension by comparing it against the entire Irish market to ensure is on track to meet your retirement goals. If it isn’t meeting your goals, we will recommend a suitable course of action to ensure you meet your goals upon retirement.

Annuities, Personal Retirement Savings Accounts & Your tax free lump sum explained. Prepare yourself for retirement with  assistance from our Expert Pension Advisors.

Your current health may make it impossible for you to continue working. Learn how you can access your Pension early by clicking below.

Learn how to unlock your Pension early by transferring your Defined Benefit Pension to a Personal Retirement Bond. It is also possible with other Pension types. Call us for advice.

You can Top-up your Pension using Additional Voluntary Contributions. These are extra contributions you can make in addition to your existing pension.

Would you rather speak to us?

Receive expert advice on one of your most important life decisions.

Reduce your Income Tax Bill

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 1:
Monthly contribution = €100
Tax Relief (40%) = €40

Cost to you = €60

Example 2:
An employee who is aged 42 and earns €40,000pa
can get tax relief on annual pension contributions up to €10,000.

There are no limits on the total amount you can pay into your pension, but tax relief is only available on the percentage amounts of your income and age outlined below. 

Age during the year

Percentage of earnings

Under 30


30 to 39


40 to 49


50 to 54


55 to 59


60 +


*Data according to Aviva & Zurich Pensions Dec 2019. Percentages shown are of earnings up to €115,000. If you’re a professional athlete, your limit will be 30% of earnings. These figures are subject to change in the future.

Your Questions Answered

Most frequently asked questions and answers

A pension plan is a longterm investment savings plan that helps you put something aside for your retirement. A pension plan enables you to pay regular tax-friendly installments or move one-off lump sums into a fund available to you on retirement. The amounts saved into your pension are called ‘contributions’

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.

As soon as possible. The money that you pay into your pension grows over time. It’s quite simply Time x Money. The sooner you start paying in; the more money will be available to you upon retirement.

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%)

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

If you have to retire because of medical reasons and you get Revenue approval, you can receive your benefits from your Pension immediately.

If you unfortunately pass away before you retire, your Pension will be paid to your estate.

Pension Calculator

Pension Calculator

Our Irish Pension Calculator can help you properly plan for retirement and will show you how much you need to put away for later in life.
We also provide a Pension Inheritance Tax Calculator, which will calculate what your pension contribution will cost after tax relief.

Use our calculator

Your Pensions Team

catherine edmonds life insurance advisor

Catherine Edmonds

claire clohessy life insurance

Claire Clohessy


Damien Fitzpatrick


Ciaran Dooley


John Hourigan


Paul O'Brien

Life & Pension DEPARTMENT

Nicola Moran

administration Department
sinead fogarty life insurance

Sinead Fogarty

Administration DEPARTMENT


Talk to us live for Pension guidance using...

insurance advisor

Quick Call Back

Enter your details below and a Financial Advisor will call you back promptly.

Contact Info

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.