There are now several options available for Self-Employed individuals, Directors, and Employer Pension Schemes, primarily Master Trusts and PRSAs.

A PRSA is a flexible pension product that helps individuals save for retirement. It is designed to be portable and accessible, meaning it can move with you if you change jobs and can be opened by employees, self-employed, or company directors.

When you leave employment in Ireland, it’s important not to forget about your old company pension scheme. Taking time to review your options can give you greater clarity and control over your retirement planning.

If you have built up pension benefits overseas and are now living back in Ireland, reviewing your options around a Qualifying Recognised Overseas Pension Scheme (QROPS) can be highly beneficial.

Pension Auto Enrolment is designed to make saving for retirement easier and more accessible for employees who are not currently contributing to a pension scheme.

At retirement, individuals typically have the option of choosing an Approved Retirement Fund (ARF) or an annuity, each offering different advantages depending on personal circumstances.