What are your Defined Benefit Pension options?
Whilst Defined Benefit Pensions are still present in Ireland, many of these pension schemes are being slowly wound up due to the financial pressure it places on the companies involved.
If you are a member of a Defined Benefit Pension Scheme and you have been given the option of either accessing your benefits or transferring your benefits to another pension, we can help you make the correct decision.
Before you finalize your decision on which option to choose, you will need to understand the following:
- Is the current Defined Benefit Pension Scheme solvent?
- Should you access the pension now or later?
- Are there Annuity and Approved Retirement Fund (ARF) options available?
- Is a Personal Retirement Bond / Buy-out-Bond the correct option?
- Will any decision you make now impact your entitlement to a tax-free lump sum in later years?
- Will any decision you make now impact your spouse’s entitlement to a share of the pension in the event of your death?
Guardian Wealth can help you choose the right option. We have the skills and the team to provide expert retirement and pension planning advice. We can formulate a financial plan for you that achieves your personal and financial goals, and most importantly we can explain it to you in a clear and easy to understand manner.
We want to take the mystery out of retirement planning and give you a very clear understanding of what you need to do to make sure you achieve financial freedom in retirement.
How can we help you?
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Our Trusted Partners
As a conservative investor with little understanding of the stock market, they created an investment portfolio for my Pension that allows for solid growth potential but also that shielded me from the excesses of stock market turmoil over recent years.Conor