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

INSURANCE BROKER

AUDREY JAMESON

INSURANCE BROKER

Brian Flanagan

Insurance Broker

Your benefits…

Pensions advice from Sheridan Insurances comes with a variety of benefits such as:
A wide range of financial and investment advisory services under the one roof
A secure future to look forward to
Qualified, impartial pension planning advice
A dedicated team that understands your needs

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

How to talk to us…

We are here to help…

What our customers say...

Excellent
5.0
Based on 26 reviews
Excellent service provided by Audrey and Brian, and done in a very friendly and helpful manner.
Response from the owner: James, Thanks a mil for your shout out! Audrey & Brian know how to make things easy in a friendly manner. Will pass on your feedback to everyone at Sheridan Insurances, if you ever need anything else, please do give us call.With Gratitude,Benny Sheridan Sheridan Insurances
Excellent customer services from Stephen and everyone at this company!! 100%!
Response from the owner: Thank you so much Scott for your kind words, we are pleased to hear that you had an excellent experience with Stephen and our team. Providing good customer service is always our priority. We appreciate your feedback, and looking forward to serving you in the future.With Gratitude,Benny Sheridan Sheridan Insurances
Wonderful experience.Audrey very helpful and she provide excellent customer service.
Response from the owner: Hello Sindija, Thank you for taking time to share your wonderful experience with us, we are pleased to hear, and appreciate your kind words.Audrey is a a great member of our team, and we have passed along your compliments to her.Reviews like your yours inspire us to deliver exceptional customer service.If you ever have more feedback or need assistance in the future, please let us know.Kind RegardsBenny Sheridan Sheridan Insurances
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