f you’ve been told once, you’ve been told a thousand times; plan for the future, save into a pension, safeguard your retirement. You’ve heard it all at this stage and you know you should pay into your pension. It’s the right thing to do – you know that deep down. Save now whilst you’re working; enjoy the fruits of your saving when you retire; it all makes perfect sense.
But it’s hard to do – putting a good chunk of your cash away now that you won’t see again for years. Plus you have bills to pay. Getting the kids back to school costs a few quid. X-Factor is back on the tv now, so having the discipline to stay in on a Saturday night just got a lot tougher. The Celtic Tiger is no more and the euros need to be counted like never before.
Making the decison to save for that day in the distant future called your retirement date isn’t easy; you know it but thankfully the Government know it too. TheGovernment incentivises you to pay money into a pension plan by offering tax relief on money you put in and it’s this tax relief that makes saving into a pension an easier way of saving for retirement than you think.
Irish Life Corporate Business has a lot more details on their website about how tax relief works. You can click here for more specific details on the tax relief on offer and how you can save for your retirement. If you would like to speak to one of the Irish life Corporate Business team in person or via email, simply call the AIM Member Communication team on 01 704 2000 or email Happytohelp@irishlife.ie
