You may consider a self-directed Personal Retirement Savings Account (PRSA), where you can purchase property, shares, ETFs, and a variety of other investments.
A self directed pension in Ireland is a type of defined contribution pension plan designed to allow people to have more freedom and scope of investment.
Regulatory Changes
There were a number of changes with regards to reporting and regulations (called IROPS II) of Executive Pension Plans and Small Self Administered pension schemes. If you have received a letter from your provider about these changes and you want to understand how they affect you, please contact us for assistance. If you opened your pension account after April 2021 you have until April 2026 to close your account, transfer to a new “Master Trust” arrangement and/or transfer to a PRSA on wind up of the scheme. We would be happy to help you navigate what is the best option for you based on your personal circumstances.
36%
36% of Irish workers will rely on the State Pension as their only form of income in retirement
47%
Only 47% of the entire Irish workforce has a pension (occupational pension, personal pension or both)
30%
Only 30% of self-employed people contribute to a pension
38%
Women will have 38% less to live off in retirement when compared to men
