Know how to retire early.

Learn effective strategies to retire early by maximizing savings, investing wisely, minimizing expenses, and building alternative income streams. Getting a quote is the first step in your journey! Answer a few questions and wait for one of our Advisors to contact you!

What are the advantages of retiring earlier?

Early retirement offers numerous benefits to individuals seeking financial independence and a more fulfilling lifestyle. Firstly, it provides the opportunity to enjoy more leisure time and pursue personal interests, hobbies, and travel experiences while still in good health and vitality. Early retirees have the flexibility to spend quality time with loved ones, contribute to their communities, and engage in lifelong learning pursuits. Additionally, early retirement allows for greater control over one’s time and freedom from the constraints of traditional employment, leading to reduced stress levels and improved overall well-being. Financially, early retirement provides peace of mind and security, as individuals have more time to build their savings, investments, and passive income streams, ensuring a comfortable and sustainable lifestyle throughout their retirement years. Furthermore, early retirees can take advantage of their prime years to explore entrepreneurial ventures, volunteer opportunities, or pursue passion projects without the pressures of a full-time career. Overall, early retirement empowers individuals to design their ideal lifestyle, prioritize personal fulfillment, and embrace the joys of living life on their own terms.

What strategies can I use to retire early?

1. Take advantage of the tax Relief

Contribute to retirement accounts, such as Personal Retirement Savings Accounts (PRSAs) or employer-sponsored pension schemes, to benefit from tax relief and compound growth.

Boost your contributions with the Employer Benefit

If your employer offers a pension plan with matching contributions, take full advantage of it. Employer contributions can significantly boost your retirement savings.  On the example, thanks to tax relief, your effective cost is only €130. This means you’re able to contribute more to your pension pot while paying less. You’re getting €304 more into your pension pot, it’s literally free money!

2. Maximize Savings

Increase your savings rate by cutting unnecessary expenses and living below your means. Aim to save a significant portion of your income.

3. Invest Wisely

Invest your savings in assets that offer long-term growth potential, such as stocks, bonds, and property. Consider diversifying your investment portfolio to manage risk.

4. Minimize Debts

Pay off high-interest debt as quickly as possible to reduce financial burdens and free up more funds for saving and investing.

Google Reviews

LowQuotes.ie
4.9
Based on 1492 reviews
Melissa R.
Melissa R.
After receiving a qoute from the site, Rebecca reached out to help me further and to make sure I was getting the best cover for my needs. She was extremely helpful and kind and just an absolute pleasure to deal with. Highly recommend Rebecca, the whole process from start to finish was such a breeze. Thanks Rebecca
John M.
John M.
Bernadine was an absolute pleasure to work with and even when obstacles arose, she was a complete pro in ensuring they were sorted and things got over the line. Would highly recommend.
Response from the owner: Hey John,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to navigate the obstacles and get everything sorted for you. We always aim to make the process as smooth as possible, and your recommendation means a lot to us!If you ever need assistance again, don’t hesitate to reach out.Best Regards,LowQuotes Team
Ian K.
Ian K.
Colin was very helpful and patient. Lovely experience, thank you
Response from the owner: Hey Ian,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to explain everything clearly and provide the support you needed. 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
Jisha K K
Jisha K K
Great experience with Ross . Highly recommended.
Response from the owner: Hey Jisha,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and secure the right cover for you. 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
Antoinette L.
Antoinette L.
Fantastic advice from Shaun on life insurance and talked me through my requirement, such a fantastic company. He found a policy that better suited our needs for the same premium that we were paying.Highly recomend to everyone.
Response from the owner: Hey Antoinette,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to explain everything clearly and secure a policy that better suited your needs while keeping the same premium. 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
Jonathan D.
Jonathan D.
Aoife was extremely helpful and gave me advice through the details of different life insurance policies, advising what would be best for my family. Very professional, knowledgeable and pleasure to deal with
Response from the owner: Hey Jonathan,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to clearly explain the different life insurance policies and guide you toward the best option for your family. We always strive to provide professional, straightforward advice, so your feedback means a lot! If you ever need further assistance or have more questions in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Robert B.
Robert B.
Simple & easy process that Colin Bailey help us navigate through with ease.
Response from the owner: Hey Robert,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to make the process simple and easy for you to navigate. We aim to take the stress out of things and your feedback really means a lot! If you need any further help in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Sabrina
Sabrina
I highly recommend LowQuotes for Mortgage Protection or any other financial matters you are dealing with. We dealt with Ross Kirwan and he was brilliant. Explained in detail the different products and got us the best quote for our mortgage protection. He surely made the process a whole lot easier. Definitely recommend him and LowQuotes if you need a mortgage protection.
Response from the owner: Hey Sabrina,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and secure the best deal for your mortgage protection. 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
Niamh H.
Niamh H.
I dealt with Rebecca and she made the whole process easy to understand and not confusing, unlike other mortgage protection providers I had already dealt with. I couldn’t recommend Rebecca at Low Cost Quotes more, they really have your best interests at heart which is refreshing!
Response from the owner: Hey Niamh,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 easy to understand compared to other providers. We always aim to put our clients’ best interests first, so your feedback really means a lot to us! If you need any further assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jane C.
Jane C.
We worked with Niamh to get our mortgage and had a great experience.
Response from the owner: Hey Jane,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to explain everything clearly and secure a great deal for your mortgage. 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
Harsh S.
Harsh S.
Great support provided by Aoife during the whole process!
Response from the owner: Hey Harsh,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to explain everything clearly and support you throughout the process. We aim to make things as smooth 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
Karen P.
Karen P.
Rebecca was very helpful and informative and easy to deal with, she explained the whole process in detail and followed up regularly, thanks for making it easy Rebecca
Response from the owner: Hey Karen,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she explained everything in detail and kept you updated throughout the process. We aim to make things as easy and clear as possible, so your feedback really means a lot! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
SarahJane M.
SarahJane M.
We worked with Aoife, who helped us navigate setting up our Life Insurance for our new home. Aoife was amazing! Throughout the whole process she was really informative, worked around our schedules and always followed up promptly with any questions we had. She found us the right policy for us and got everything set up in record time.
Response from the owner: SarahJane McGuigan3 reviews • 0 photosstarstarstarstarstar 3 days ago NewWe worked with Aoife, who helped us navigate setting up our Life Insurance for our new home. Aoife was amazing! Throughout the whole process she was really informative, worked around our schedules and always followed up promptly with any questions we had. She found us the right policy for us and got everything set up in record time.
Clodagh L.
Clodagh L.
Shaun was very pleasant and informative on the phone discussing healthcare plans and offering advice on the most suitable form of cover!
Response from the owner: Hey Clodagh,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to explain everything clearly and offer helpful advice on the most suitable healthcare cover for you. 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
Seamus L.
Seamus L.
Ross Kerwin was a great help to us. He laid out everything is easily relatable terms and answered all our questions . He went above and beyond to get us the best deal which we greatly appreciated. We wouldn’t hesitate for a second to recommend him and Low Quotes.
Response from the owner: Hey Seamus,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything in clear, relatable terms and go above and beyond to secure the best deal for you. 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
Adam R.
Adam R.
Rebecca was great from start to finish!
Response from the owner: Hey Adam,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was able to support you from start to finish and make the process smooth. 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.
Spoke to a very friendly and helpful guy, Ross Kirwan was a real gentleman and helped me with the process which was quick and pain free.
Response from the owner: Hey Stephen,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to guide you through the process and make it quick and stress-free. We aim to keep things as smooth and simple as possible, so your feedback means a lot! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Mohamed N.
Mohamed N.
Ross has been absolutely brilliant from day one. He’s super easy to chat with, explained everything in a way that made sense, and was always quick to reply to our emails. Having him guide us through the mortgage protection side of things from July to mid-August really took a lot of the stress out of the process. We felt really looked after. Thanks again, Ross!
Response from the owner: Hey Mohamed,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and make the mortgage protection process smooth and stress-free. We always aim to take the pressure off and make things easy to understand, 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 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!

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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.

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Transfer your benefits

If you transfer your pension to a  Personal Retirement Bond (Also known as a Buy out bond), your old benefits will be moved to a pension plan controlled by you. This also allows you to select a risk profile that suits your current needs and your benefits can be taken from age 50.

How a PRB works

Is a PRB different from a regular Pension?

A PRB is primarily for receiving benefits from a company pension which you are no longer a member of, or where your employment has ceased. You also can’t make any contributions to a PRB but you can invest the funds similar to a regular pension (Selecting fund options).

Funds, Risks and Investments

The specific funds you select for your retirement savings can greatly impact the potential for compound growth. Generally, investing in a diversified portfolio of assets can help spread risk and maximise growth potential. Let one of our experienced financial advisors help you with that! The level of risk you’re comfortable with will depend on your individual financial situation and risk tolerance. Younger individuals may opt for a more aggressive investment strategy, while those closer to retirement might choose a more conservative approach.

How much money do I need to retire?

As retirement nears, you likely have a grasp on your expenses and budget. However, it’s crucial to note that retirement costs can vary widely based on your lifestyle and choices. Consider your savings, expected expenses, healthcare, and potential income sources like the State Pension.

Would you like to speak to an advisor?

Our award winning team is always here to help you.

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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Here at LowQuotes, we want to ensure that our clients receive the highest standards of service.  If you have a passion for connecting with people and aspire to thrive in a culture built on trust, integrity, dedication, and excellence, this could be the perfect fit. 

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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.