Retirement Planning - Executive Pension Plan

An Executive Pension Plan is a retirement plan specifically for Company Directors. Unlike PAYE employees, Company Directors have control over their own benefits and so, must take matters into their own hands when planning for their own retirement.

When structured correctly, Executive Pensions are one of the most tax-efficient ways of moving company funds into personal wealth. Tax relief is available on contributions at the outset, funds are then allowed to grow tax-free throughout the life of the pension, and on retirement you can take a sizeable portion of the fund tax-free as a lump sum. There are then a number of options regarding the balance of the fund but in most scenarios it is taken as a regular income, which again, if structured correctly can be taken tax-free if within certain limits.
We will explain, in detail, the full range of options that are available to you and your business. 

David at Kinsella Financial has been a great help to me at a time in my life when I am trying to get my business off the ground. I have every confidence in him that he will find the right products to suit both me personally and my business.

Gary Cobbe - Irish Polymer Extrusions Ltd, Mountmellick, Co Laois.
October 2016