Company Pension Plans
Providing your employees with access to Company Pension Plans is essential if they are looking to enjoy a comfortable life in retirement.
Company pensions are essential for employees
A Company Pension, sometimes referred to as a DC Pension or Occupational Pension, is a pension plan provided by an employer for its employees. It is a tax-efficient way for you to help ensure that your employees are financially secure in retirement as it offers employees the opportunity to avail tax-reliefs against contributions. We offer defined contribution (DC) company pensions – Trust Based, Contract Based (PRSA) or a combination.
Benefits for employers and employees
As an employer, providing Company Pension Plans for your employees will help attract new staff and retain existing employees. We will play an active role in engaging your employees so they are involved in their retirement planning, and therefore recognize the value of your company’s investment in them.
PRSA and Group Pensions
Many Group Pensions are trust based arrangements. A Group PRSA (Personal Retirement Savings Account) is different from a Group Pension because Group PRSAs are individually-owned contracts. You and your employers can avail of tax-reliefs against contributions, and the pension plan does not require trustees.
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