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Company Pension

Company Pensions or also called Occupational Pensions are set up by employers to provide retirement and death benefits for their employees and their surviving dependents. Contributions to approved schemes will attract tax relief.

There are two types of plans:

  1. Defined Benefits Plan this will provide a set level of pension upon retirement. The amount will depend on your length of service and your earnings at retirement.
  2. Defined Contributions Plan this allows you to contribute to your pension, your own contribution and your employers contribution are both invested and the proceeds are used to buy a pension at retirement. The level of your pension will depend on the amount invested, the return on your investment and the cost of your pension at retirement.

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Flynn & Associates Ltd, T/A Flynn Financial is regulated by the Central Bank of Ireland.Debt Advisory services are not authorised or regulated by the Central Bank as a result are not covered by the Central Bank's requirements to protect consumers or by a statutory compensation scheme.