Retirement Planning

Let the work you're putting in pay off in years to come

How much do I need to put aside?

For instance, a 25 year old saving €200 per month to age 65 (40 years) could have a retirement fund of €500,000 approximately, whereas a 45 year old saving €200 per month to age 65 (20 years) could have a retirement fund of €100,000 approximately.  Naturally you will have other important financial goals which may be more immediate, such as saving for your first home or car. You can still reach these goals and secure your retirement by starting a pension right now with just a small contribution and then increasing the amount you pay as your income grows. Your contributions would usually be index-linked by your pension provider each year just to keep up with the cost of living, but you should still regularly review how much you can afford to put into your pension.

State Pension?

You might think that the State Pension is there for you to fall back on.  It`s true, the State Pension is there fore you, but at just €230 per week this is a long way to fall from the earnings you currently enjoy.  Just think about the impace that fall would have on your lifestyle.  Also with the state of our national finances its far from certain that the Government will be able to increase the level of the State Pension to even keep pace with inflation.

The good news is that you will benefit from significant tax relief of up to 41 per cent on your pension contributions, subject to certain limits that increase with your age. Also when you contribute to a pension, the fund in which your contributions are invested will benefit from tax-free growth. That means that money invested through a pension will grow much faster than after tax money invested outside a pension

Pensions – risky Investments?

Many people look at the recent devastation in investment and property markets with the consequent drop in pension fund values and conclude that pensions represent risky investments. Whilst many pension funds have fallen in value but that does not necessarily mean that pensions have to be risky. A pension can be invested in high risk, low risk or no risk investments. It is really up to you to decide on the level of risk you wish to take. For example your pension can be invested in a deposit account with a bank or the Post Office or in Government bonds. The real issue is that the tax breaks given to a pension makes it a much better way to save for your retirement.

Find the right pension to suit your circumstances

Pensions come in all shapes and sizes, with various levels of flexibility and benefits, so you’re sure to find a pension that fits your current circumstances and retirement expectations.


Personal Retirement Savings Account is a good idea if you`re self-employed, don`t have access to a pension at work, or work casually or part time.

Personal Pension
If you`re self-employed or employed but not part of an employer`s pension scheme, then a personal pension plan lets you plan for your retirement and enjoy the tax benefits.

Company Pension
Every employer has some form of pension obligation to its employees. There are numerous pension options that allow companies to meet their obligations and provide a mutually rewarding benefit for their staff.

Executive Pension
As a director or business owner you can provide for your retirement in a way that is separate from the fortunes of your business and takes full advantage of the generous tax benefits.

Self Administered Pension
These are well worth considering if you`re an owner-director or senior employee of a business and you can make substantial pension contributions. You get to choose from the full range of investment options on the market including equities, bonds, cash, currency. You can even invest directly (and very tax-efficiently) in property.


See What's On Offer

You can find out about the many pension plans on offer by contacting Blackhall Financial Services.


We’ve helped a range of people and business owners accumulate, protect, and activate wealth over the years, and our customers can attest to the long term holistic relationship we build with them over the years.

Blackhall Financial Services have just saved my family a considerable amount of money and released a substantial cash lump sum at the same time. I asked the firm to review existing life insurance policies for myself and my husband to see if a reduction in our premium was possible. We now have adequeate if not better life insurance cover Not only are we paying a considerably lower monthly premium, but there was a cash build up in the policy, of which we had been unaware and which we were delighted to be able to access. The whole process took only a matter of days. The staff at Blackhall Financial Services are exceptionally knowledgeable whom I most heartily recommend`


I have absolute trust in the Directors & staff of Blackhall Financial Services I perceive that there is much knowledge & experience in the team and to date, I have never been let down or given bad advice. I feel that I can ask for advice to help me make a decision and when a decision has been made the team will either execute it fully or support me in my efforts to execute it. The personal relationship I have with team in Blackhall Financial Services is paramount to me. There is a lot of respect in our business dealings which has created good friendships and both of these make me feel that your firm will always offer me the right advice to ensure that I benefit, even though Blackhall might not benefit directly

Tony Nerney

Want to learn more about Retirement Planning?

Start your Financial Planning journey today!

Get In Touch

Start your Financial Planning journey today!