What is an annuity?

An annuity is a guaranteed lump sum for the rest of your life.

Many people use the proceeds of their pension to purchase an annuity.

This then provides their pension income.

If you are a member of a large defined benefit scheme, it is quite possible that an annuity will not be bought

You do not have to take the annuity offered by your existing pension company.

Annuity rates vary between companies so you need to check which one will give you the best deal.

This can be a valuable opportunity to increase the value of your retirement income.

When should I plan for an annuity?

You should plan for your retirement well in advance. Don't wait until you are about to retire. Look at your pension value and work out how much it would provide currently. Will this be enough to provide an income when you retire, taking into account the effects of inflation ? You may need to decide whether or not to set aside more funds for your retirement income. Try our pension gap calculator.

 How do I choose the best annuity?

 There is a wide choice of annuities available on the Irish market.

You should talk to one of our qualified advisers for advice on choosing the right one for you.

 What should I do next?

 It is important to get your pension provisions right.

 It is a good idea to get expert help,so talk to us today.

 Use the call me back button. or telephone 1890 666 666

Or avail of the get a quote button to start the consultation process, and start making use of the tax saving opportunities today.