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Management Of Your Company Pension
Company Pensions Scheme’s (also known as Occupational Pension Scheme’s or Group Pensions) are generally designed so that you manage the pension on your own. As a result the vast majority of pension savers get little or no assistance apart from receiving a scheme explanatory booklet from their employer.
Many people who manage their own pension take an inappropriate level of risk – sometimes to much risk and sometimes too little. This is unfortunate because if you don’t manage your investment it costs you. Your eventual pension will be accrued from four sources;
- Your contributions
- Your employers contributions (usually the case in a company scheme)
- Tax relief
- Investment growth
If you don’t maximise growth (within acceptable risk parameters), then for a given level of pension in retirement you have to contribute more.
The first stage to managing risk is to determine how much risk you need to take to achieve your objectives. This, and assessment of your attitude to risk, capacity for loss and risk tolerance informs assets allocation. As Specialist Investment Advisers we can help with this.
Contact us today on 01 546 1100 for a no obligation discussion or book a 15 minute video call with us here.
Read some of our recent articles in publications such as The Sunday Times and the Business Post by clicking on this image.
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The material and information contained on this website is for general information purposes only. Neither the writer nor Highfield Financial Planning Ltd makes any warranty as to the completeness, accuracy or reliability of the information or the suitability or availability of products or services, referred to on the website, for any purpose. You should not rely on any information contained on this website as a basis for making any financial, legal, taxation or other decision. The information presented does not include all the considerations which are relevant to the topic discussed as to do so would render it un-readable. When considering any financial issue you should seek the advice of a suitably qualified adviser.
Best Pension Advice is a trading name of Highfield Financial Planning, the most client focused financial services company in Ireland. We provide superior advice on Retirement Planning for all types of pension available in the Irish market. As Specialist Investment Advisers we can also help you to manage the investment of your pension to achieve your income objectives in retirement.