Pensions and Investments
What is Pension Life Cover? Pension Life Cover is life cover that pays your dependents a specified lump sum if you die during the term of the plan. The advantage of this type of cover is that it costs you less, because if you are eligible, you can claim tax relief on your contributions, up to certain limits. You pay a regular amount of money into your Pension Life Cover plan. Your contribution provides the level of life cover you need until the date chosen for your retirement. Your financial adviser can help you decide how much cover you need. No value will attach to your Pension Life Cover plan.
Your Complete Retirement Plan Everybody knows that it makes sense to plan for retirement. For one thing, the alternative is the State Pension, which won't go far. For another, there are tax benefits given for people who save for retirement. In fact, within limits, you can get income tax relief on every euro you invest. So, talk to Brian Andrews Insurances today about the tax advantages of investing in a pension.
PRSA's: An ideal way to plan for retirment, low charges, and with many Insurance Companies you can take hold of the investment decisions yourself and can manage your fund online. Generous Tax Allowances are available for PRSA's, so it makes sence to fund for your retirement and get tax allowance while doing so.