Pension Entitlements
Planning for retirement can feel overwhelming — especially when you're not sure what you're entitled to or how much you’ll need. At JP Egan & Company, we provide clear, expert advice on Pension Entitlements in Ireland, helping individuals and business owners take control of their financial future.
Whether you’re self-employed, an employee, or nearing retirement age, understanding your pension options is crucial. Between the State Pension, occupational pensions, personal retirement plans, and additional voluntary contributions (AVCs), the landscape can be complex. We simplify the process by offering personalised advice that considers your career history, contributions, lifestyle goals, and long-term financial plans.
Our goal is to help you build a retirement strategy that suits your needs — whether you’re just starting to contribute to a pension, reviewing an old plan, or preparing to access your benefits. We can assist with pension planning, contribution reviews, investment strategy, and ensuring your entitlements are optimised for tax efficiency and long-term sustainability.
With the retirement age in Ireland currently at 67, and rules changing frequently, it’s more important than ever to get professional guidance. We help you understand what you qualify for, what gaps may exist, and how to bridge them through smart planning.
At JP Egan & Company, we believe everyone deserves a retirement they can look forward to. Let us help you make the most of your entitlements — and your future.
Things to Know or Watch Out For with Pension Entitlements
- Your PRSI Record Affects Your State Pension
To qualify for the full State Pension, you must have made sufficient PRSI contributions over your working life. We can review your record and advise on any gaps. - Occupational Pensions Vary Widely
The benefits offered by workplace pensions depend on your scheme’s rules. We’ll help you understand what you're entitled to and whether additional planning is needed. - AVCs Can Significantly Boost Retirement Income
Additional Voluntary Contributions (AVCs) can increase your pension pot — and offer valuable tax relief. We advise on when and how to contribute. - Self-Employed Workers Must Plan Proactively
Without access to occupational pensions, self-employed individuals must rely on personal pensions. We’ll help you choose the right product and build a solid plan.
- Pensions Are Long-Term Investments
Returns and fees matter. We help you understand how your pension is invested and whether it aligns with your risk tolerance and retirement timeline. - You Can Combine or Transfer Pensions
If you’ve worked multiple jobs, you may have multiple pension pots. We assist with consolidating or transferring these to simplify your planning and reduce charges. - Not All Pension Benefits Are Automatic
You must apply for the State Pension and take steps to access other benefits. We’ll guide you through the process and timelines. - Tax-Free Lump Sums and Withdrawal Rules Matter
Understanding when and how to access your pension tax-efficiently is key. We help you plan withdrawals to maximise retirement income and minimise tax.
JP Egan & Company
Frequently Asked Questions
It’s a government-funded retirement payment for those over 66 or 67, depending on your age. Eligibility is based on PRSI contributions.
We can request and review your PRSI contribution history from the Department of Social Protection to determine your likely entitlement.
Occupational pensions are provided by employers; personal pensions are private plans you set up yourself. We help you understand and manage both.
Yes — pension contributions often qualify for tax relief at your marginal rate. We’ll advise you on the allowable limits based on your income and age.
In most cases, pensions can be accessed from age 60, depending on the scheme. Exceptions exist for serious illness or early retirement plans. We can explain your options.
Absolutely. It’s never too late to improve your retirement outlook. We’ll create a tailored plan based on your current situation and desired retirement age.
Depending on the scheme, your pension may provide benefits to a spouse or next of kin. We’ll help you review and update your beneficiary nominations.
Yes — in many cases, you can transfer your pension to a different provider. We’ll help assess whether switching is in your best interest.
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