Why choose Paddy Compare?

Easy Pension Setup

Start your journey towards setting up a new pension in minutes, by simply completing our one page online pension form.

Instant Results

Within minutes you could be speaking to one of our trusted local pension advisors. Our results page will show you which of our experts that you can expect a call from.

Transparency

Our service is free and easy to use, totally independent, and there is no obligation. So give us a try and take control of your pensions and retirement today.

Why are pensions important?

Let's talk about pensions

What is a pension?

A pension is simply a long term savings plan for when you retire. Pensions typically come with tax incentives which make them much more attractive than other types of savings. There are various types of pensions which you can benefit from, occupational pensions are run your employer, if you are working in public service you will have a public service pension, or you can set up a private pension. Whichever pension you need, for the right advice it is best to speak with a Qualified Financial Advisor.

Transfer your pensions
Taking out a new pension

Why do I need a pension?

Setting up a pension for the first time can be daunting, that's why it is important to speak with a Qualified Financial Advisor who will be best placed to talk you through the process and advise you accordingly. Everyone's financial situation and risk appetite is unique and therefore each pension will be tailored to suit. At Paddy Compare we partner with Qualified Financial Advisors who are specialists in providing pension advice. Simply complete our online pension quote form and speak to a trusted advisor today.

Transfer your pensions

When should I set up a pension?

Have you started employment or recently changed job? If so, your employer may offer you an occupational pension scheme and should offer you guidance and advice on the scheme and how to join. Therefore it is often best to speak to your employer first. You should be thinking about pensions and saving for the future as soon as you start employment.

How much pension do I need to retire?

This is a difficult question to answer but one you should consider as it will depend on the lifestyle you want to have when you stop working. The more extravagent lifestyle that you wish to lead in later life the more you will have to have saved into your pension. It is often said that ten times your salary is a good benchmark to aim for by the time you reach retirement. Therefore by the time you are in your 30s, you should have saved around two or three times your salary. The amount saved into the pension then builds until retirement.

How to pick the best plan?

There are many pension plans available, so it is important to speak to a Qualified Financial Advisor. You should also shop around, consider the risk profile of the underlying funds invested, make sure you can afford the payments, and look out for charges or hidden costs. At Paddy Compare our Trusted Advisors are here to help.

What are my options at retirement?

When you retire you will have a number of options available which will include taking out a tax free lump sum, receiving an annuity, transferring some or all of your pension to an ARF, and taking a taxable lump sum.

How to get financial advice?

Our partner Qualified Financial Advisors will be able to help you decide on the right pension plan, select appropriate investments suited to your risk appetite, and plan for your retirement. By completing our online pension inquiry form one of our trusted partners will contact you via telephone free of charge. Any charges thereafter will be discussed with you in detail.

jump to
BACK TO TOP
Your testimonials

What our customers have said about us

Thank you for service. It worked well for me.
Fintan, via email
Thanks a mill for arranging our quote we got our insurance much cheaper than we had been quoted by several brokers.
Michelle, via Facebook
Great service and quotes.
Martin, via Facebook

What types of pension are available?

Every pension policy is different and will be tailored to your needs and circumstances, speak to our advisers and get the right pension for you today.

State Pension

State pension is a regular payment made by the Irish Government. Most people will be able to claim this from the age of 66 if they have made enough pay related social insurance contributions during their working life.

Occupational pension

An occupational pension is pension provided by your employer. There is no legal obligation for an employer to provide a work place pension in Ireland, whilst most larger corporations will it is not required by law. The rules of each can vary depending on the scheme and will generally be regulated by the Pensions Authority. Public service pensions are occupational pensions set up by the Government.

Defined contribution pension plan

A defined contribution plan is a type of occupational pension, where the contributions are fixed by agreement. You and your employer will pay in at a set percentage of your salary. The contributions grow the fund over time which is in turn invested to ensure the real value is not reduced by inflation.

Defined benefit pension plan

A defined benefit plan is a type of occupational pension, whereby the benefit is set in advance and typically linked to the length of service. The amount of benefit is defined by reference to your earnings, an index, a length of service or a fixed amount, for example half of your final salary if you have 30 years service.

Personal Pension Plan

A personal pension is a retirement savings plan that you set up and invest personally, for example in the stock market. A Personal Pension Plan PPP can be taken out by a self-employed individual or employees who cannot access an occupational pension scheme.

Personal Retirement Savings Account (PRSA)

A PRSA is a long term personal pension plan which allows you the flexibility to save for your retirement on your own terms. You can make regular contributions which are tax deductible up to certain limits. Most people can get a PRSA but they are particularly useful for individuals with no pension.

  • Why choose us?

    Paddy Compare have partnered up with trusted Qualified Financial Advisers who are in a position to help. Simply enter your contact details and select the Speak to an Adviser button to get a call back today.

  • How much will it cost?

    The costs will vary depending on the advice required and the type of pension that you require. Full costs will be disclosed to you in advance by our trusted partners.

  • What age can I collect my benefits?

    You can take money from your personal pension plan from the age of 60 up to 75, at any age should you have a terminal illness or be unable to work again, or 50 years old if your occupation is one where normally individuals retire before 60.

  • What to speak to your financial adviser about?

    There are lots of things to discuss with your financial adviser. Some examples would be: your appetite for risk, where you pension will be invested, what age you can access your funds, what charges are involved, the tax implications, and will the pension be provided for my dependents when I die. You should go prepared to your meeting and bring your proof of ID and address. You should also answer any questions with full honesty.

Ready to speak to a pension expert?

Simply complete our one page online pension form and speak to an advisor. Take control of your pension and save for the future today.

Get pensions