Search Results for 'State Second Pension'

According to an analysis of Irish Life’s personal pension customers, people in Mayo are saving 19 per cent less into their pensions than Irish Life’s national average. The average monthly pension contribution by those living in County Mayo is €279 compared to Irish Life’s national monthly average of €343. On average women in Mayo pay €278 a month, and men pay €280 a month. Only 31 per cent of Irish Life’s pension customers from Mayo are female, compared to 69 per cent male customers.

There is a lot of focus on the area of savings for retirement lately. Questions are being asked about the real value in having a pension when we finish working. This is very much an individual choice and one that needs to be addressed in a meaningful way, by all of us at some point. I believe we must plan for our own retirement as no one else will look after us in our non-working years. A pension remains the best way to do this. Here are my top eight reasons why pensions still make sense:

Can I claim tax relief on my life insurance costs?