Pre-Retirement

Without a pension you have very little control over when you retire, usually that is decided by when you can afford to or in a lot of cases when the state pension becomes available to you.

Pre-Retirement

A pension is an ultra-effective savings account that we put our money in for the purpose of using when we decide to retire from work. Without a pension you have very little control over when you retire, usually that is decided by when you can afford to or in a lot of cases when the state pension becomes available to you.

From the day you start saving into your pension you start to gain more control over when you can afford to stop working, plus how much money you will have to enjoy when that time comes. Depending on your employment there are various pension options available to you.

We’ll direct you towards the most appropriate to your circumstances. You may of already began your pension, we’ll review this with you to ensure you’re still on track to meet the goals you set. You maybe had a pension before and stopped paying into it or left that employed where the pension was paid into.

We can locate this and advice your options for this pension.

Frequently Asked Questions:

FAQ: When should I start a pension?
Answer: The earlier, the better. Starting a pension in your 20s or 30s allows more time for your money to grow due to compound interest. However, it’s never too late—contributing to a pension even in your 40s or 50s can still provide significant benefits for retirement.

FAQ: How much should I contribute to my pension?
Answer: There’s no one-size-fits-all answer—it depends on factors like your age, income, retirement goals, whether you have an employer pension, and if you’re self-employed or a company owner. However, the key message is: start as soon as you can. The earlier you begin, the more time your money has to grow through compound interest. Even small contributions now can make a big difference over time. If you’re unsure how much to contribute, a financial adviser can help you tailor a plan that suits your situation and goals.

FAQ: What happens to my pension if I change jobs?
Answer: If you change jobs, you typically have several options:
1. Leave the pension with your former employer.
2. Transfer it to your new employer’s pension scheme.
3. Move it to a personal retirement bond (PRB).
4. Transfer it into a private pension (e.g., a PRSA).

It’s important to review your options with a financial adviser to avoid unnecessary fees or losses.