Pensions in Ireland – The Ultimate Guide
Why would you invest in a pension in Ireland now? If you’re in your 20s or 30s, you’re probably not even thinking about retirement, it seems like a very, very long way away, and you’re right. However, there are some really good incentives to start investing in a pension. Early and reducing your tax bill is the main one. This post will look at the benefits of contributing to a pension and why it should be part of your overall investment strategy. For everyone this week, we at Ireland Accountant are looking at pensions in Ireland and the benefits of contributing to one. What is a pension? Well, a pension is kind of like an investment account for old age. Let’s assume that old age is after 60. A pension is a fund that you contribute to throughout your working career, which will provide you an income once you retire. Although this might sound like regular investing in stocks and shares, there are some key differences. The Pros of pension funds Let’s s...