Executive Pension policies are suitable for directors of limited companies, senior executives and employees who wish to invest towards their future & their retirement. The policy can be contributed to by the employer and/or the member themselves either through regular or single contributions.
Murray Financial Services has agency appointments with leading insurance companies such as Irish Life, Standard Life, Aviva, Friends First, New Ireland, Royal London and Zurich to provide you with choices on any of your protection needs.
Retirement can be taken between 60 and 70 years of age.
An Executive pension plan is simply a small company sponsored pension designed for people in employment whose employer wants to make a contribution. An executive pension plan is set up by trustees (usually your employer) on your behalf. It is a secure asset, completely separate from your business affairs. An Executive Pension Plan can only be set up by an employer for an individual director or an employee.
Executive pension plans allow company directors and employers to provide tailored benefits for themselves and for their key employees. These plans can be very flexible and can include life cover (death in service) benefits if required to provide very valuable financial protection for family members. It will provide benefits at retirement, up to Revenue limits.
You can choose from a wide range of funds including low risk investments.
When you retire, the full fund value of the Plan will be used to provide you with your retirement benefits – usually a tax-free cash lump sum, plus an income for the rest of your life.
You may also have the option of investing it’s value in an Approved Retirement Fund (ARF) instead of securing your pension at retirement.
Modern designs are far more innovative and less costly than the old contracts so contact us for a full review on any existing arrangements you may have or to set up a new one.