Pensions

Secure your future today

In-depth insight into pension planning and what you need to do to make your retirement as comfortable as possible.

Give us 10 minutes of your time, when it suits you, to talk to one of our qualified financial brokers.

Schedule a callback

Pensions

Secure your future today

In-depth insight into pension planning and what you need to do to make your retirement as comfortable as possible.

Give us 10 minutes of your time, when it suits you, to talk to one of our qualified financial brokers.

Schedule a callback

Pensions

A pension fund is a long-term savings plan that is designed to provide you with a regular income in your retirement. You can make regular payments and also transfer lump sums into your pension fund which are then invested on your behalf and grow over time. The goal is to have sufficient funds to support a comfortable lifestyle when you decide to retire.

The younger you are, the more time your pension has to grow and mature so starting it as early as possible is advisable. Understanding how much you will need in retirement largely depends on the type of lifestyle you want to enjoy. With much better standards of living and advanced medical care, people are living longer and need to plan accordingly. Making sure retirement is something to look forward means you have to plan for your future now with smart pension planning.

Tax efficient savings for the future

Pensions are a very tax efficient way of saving. You get tax relief on your pension savings at the marginal rate and your funds will accumulate tax-free until your retirement. When you retire, you will receive a percentage of your pension fund tax-free, (currently 25% or based on years of service for some company schemes).

It is important to make sure you are getting the right financial advice. If you are not getting tax relief on a pension contribution, ask a Sheridan Insurances advisor right away to discuss the actions you can take.

How much of my salary do I need to save?

A very simple rule of thumb for how much to save for your pension depending on your age follows.

20 – 29 = 15%
30 – 39 = 20%
40 – 49 = 25%
50 – 54 = 30%
55 – 59 = 35%
60+ = 40%

However, even if you can’t afford to put aside that much now, it is better to save something rather than nothing.

Meet the team

Benny Sheridan

Director

Miriam Sheridan

Director

Brian Flanagan

Insurance Broker

Your benefits…

Pensions advice from Sheridan Insurances comes with a variety of benefits such as:
First consultation free
A secure future to look forward to
Qualified, impartial pension planning advice

Pensions FAQs

We want to make sure you know exactly what pension planning from Sheridan Insurances covers.
Take a look at our FAQs or talk to one of our pension brokers.

Did you know?

As of 2023, there are approximately 680,000 pensioners over the age of 66 drawing the state pension. For every person who retired five years ago, there were six workers. It is been projected that by 2050, there will only be two workers per retiree, but our pensionable population will have grown to 1.8 million by then.

How long should my pension last?
We know the average life expectancy of men and women is increasing year on year.. Therefore, you need to prepare to live a long time and make sure you have enough money to maintain your lifestyle after you stop working. You should structure your pension to last for your lifetime and the lifetime of your spouse. The challenges are that if your pension ran out then you will revert back to a dependent of the state pension.
Why should I start a pension instead of keeping my money in the bank?

The advantage to starting a specific pension account rather than just keeping the money in savings is that a pension attracts specific tax breaks. The three tax breaks available here in Ireland are:

  1. tax relief on the contribution that you make to your pension at your marginal rate of tax. For example €1000 invested in a pension will give you tax relief of €400, so net cost to you is €600. This is equivalent to a 66% return on your net investment in year one.
  2. tax-free growth in the pension fund
  3. the availability of a tax-free lump sum from the pension fund at retirement age of up to 25% of the fund to a maximum of €200,000
Visit Our pensions knowledge base

How to talk to us…

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What our customers say...

Dermot B.
Dermot B.
1685004982
We have worked with the Team at Sheridan Insurances for the past number of years on our Groups employees Health Insurance Scheme.Noeleen & her colleagues have provided a brilliant service giving clear and concise advice on a timely basis both to the company and on any employee queries that have arisen.
Mary S.
Mary S.
1684961878
Stephen helped me out with my first car insurance policy. He was great, made the process very easy, got me a good deal and was super friendly!
Margaret McKeon B.
Margaret McKeon B.
1684852249
Fabulous service from Siobhan and the team in Sheridan Insurances. I am a client for a number of years and the services is always the same - perfect. A customer focused team.
Jean A.
Jean A.
1681485547
Excellent support, guidance and advice from the QFA, Audrey Jameson
Helen C.
Helen C.
1676397557
Thank you, Miriam, at Sheridan Insurance.  Being able to discuss my home insurance needs as an Holistic Therapist was so stress free and easy with you. Your attention to detail and professional way made the whole process so smooth.  Thank you for the human touch also, in taking the time to walk me through my policy.   Highly recommending your services and supporting your local business in Navan. Co Meath. Thank you, Miriam Sheridan and Sheridan Insurance. Helen Colgan
Richard L.
Richard L.
1675978984
Lifesavers – With 110% professionalism at all times, we were provided with much needed support and guidance under difficult circumstances, with a very tight deadline. Without the team in Sheridan Insurance’s diligence and effort, going the extra mile on more than one occasion, we can honestly say we wouldn’t have the secure future we can now look forward to. We would recommend Sheridan Insuances to anyone looking for any type of insurance. Hands down the best decision you'll make! Thank you Audrey, Brian and Niall. Richard & Maria Leonard
Fergal S.
Fergal S.
1666552611
An absolute pleasure to deal with, there is great communicators in Sheridan insurance, Brian Flanagan is an absolute gentleman. Will definitely be in contact with Sheridan insurance in the near future.
Pauline B.
Pauline B.
1654720862
Highly recommend this insurance company they have gone above and beyond to help me get my business insurance and at a great price.The staff couldn't have been any more helpful to me.Give them a call you wont be disappointed
Andrew S.
Andrew S.
1652453394
I used Sheridan Insurances in Cavan today and the service was absolutely first class. They were helpful, knowledgeable, professional and polite. I can highly recommend Sheridan Insurances.
Mary R.
Mary R.
1642105907
Well mannered and attended toWith ease and business done ..quickly
Eugene T.
Eugene T.
1536342515
Great gang in sheridans insurance very easy to deal with.. especially Tommy Brady top man when you need one..
Pip A.
Pip A.
1506949475
My name is Philip Sheridan Sides.I was buying a van on done deal when I saw the advert for Sheridan insurance. The playright Richard Brinsley Sheridan was one of my ancestors and that is where the Sheridan in my full name as we had the same name. \I rang the office for a quote and was put through to broker Kelly Crowe. My first premium was high as I had been with Dolman Insurance who specialise in Camper vans and my no claims on the camper van was not able to transfer. This is something I believe the insurance industry should change as it is unfair on camper van drivers who like myself at the tie use the vehicle as their only method of transport.This was seven years ago. I am a very busy free lance photographer, musician and I run an NGO called Whistles for Refugees.The NGO collects unwanted tents and sleeping bags at festivals, thus saving them from landfill thus turning this landfill into aid for the most vulnerable people on this planet fleeing the horrors of ISIS. Whistles for Refugees also brings whistles out to refugee camps, music is healing and the Irish tin whistle gives the opportunity for the refugees to learn and play Irish music with an instrument that is light portable, inexpensive to buy and relatively easy to learn.Sheridan Insurance are currently researching for an underwriter to provide public liability insurance for our NGO so that our volunteers are covered should they get pricked by a needle while cleaning out tents at festivals or any other risk involved in our work.Broker Kelly Crowe has been amazing at her job. From the very beginning Kelly was able to organise a quote, with my line of work and my bad luck with vehicles I am often having to rent replacement cars to make sure I get to my commissions safely and punctually. I am never 5 mins from getting my insurance transferred to keep my rental costs lower. I needed a copy of my no claims bonus to get insured on my partners camper van and this was emailed to me within 5 mins of my request, even though this was with a different firm!I also run a tour business bringing clients on adventures with sea kayaking and photography. Once again my broker was able to produce a policy that was affordable and organised with minimal fuss in minimal time.For quality, price and especially (what I believe is the most important in business) service, Sheridan insurance is second to none.I could not recommend Sheridan Insurance and my broker Kelly Crowe enough.
JP M.
JP M.
1495832320
We all hate shopping for insurance but the brokers at Sheridans do all the legwork for you and find the best deal and the cover you actually need - plus they are easy to deal with. You get assigned a broker and you can actually speak to a real human being. Great idea.
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