What are the new Company Director Pension Rules?
Under the new pension rules, Company Directors can transfer up to €2m tax free from the company profits into their Personal Retirement Savings Accounts (“PRSA”).
These regular payments and one-time transfers are known as contributions, and they can be used to supplement your retirement income.
Learn More About New PRSA Pension Rules for Company Directors in 2024
In the ever-evolving landscape of financial planning, staying informed about the latest developments is essential, especially when it comes to planning financially for your retirement and helping reduce your tax burden each year.
Let’s explore the key aspects of these new pension rules and how you can unlock the full potential of your retirement savings.
New PRSA Rules - Benefits
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Expanded Limits
Transfer up to €2m from company profits into your PRSA Pension.
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Greater Flexibility
Make multiple transfers to your pension account without any limitations of salary, age, or years of service.
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Corporation Tax Relief
Get tax relief for payments made into your PRSA, effectively reducing your company’s tax burden.
Life and Pensions - How We Can Help
Pension Reviews
We review your existing pension plan
Expert Guidance
We help you reach your retirement goals
Tailored Approach
We find the best pension plan to suit your needs
Why Choose Campion for Pension Advice?
35+ years experience
16 offices throughout the country
Winner of the Deloitte Best Managed Companies for over 10 years
High customer retention rates
At Campion Insurance, we don’t take your future lightly. We know just how important securing retirement is for our customers. That’s why they are always at the centre of everything we do.
Each and every customer is dealt with in a personalised way. We don’t offer cookie-cutter pension advice as no two situations are exactly the same.
Choosing Campion Insurance for pension advice means choosing a provider that takes YOU into account every step of the way. Providing effortless, yet detailed guidance is what we strive for.
As your Financial Broker, we’ll discuss the best way of funding your retirement. For many, that will be the traditional annuity route i.e., income for life. Others may wish to explore post-retirement investment through Approved Retirement Funds (ARFs). Either way, your Campion Insurance pension expert will help you make the right choice.
Our expert team can review your existing plan or create an entirely new one, based on your individual circumstances and goals. Pension advice made easy.
Get in touchGet in Touch
Contact one of our local financial advisors on 0818 297 600 to discuss your options.
Alternatively, request a call back and one of our advisors will be in touch
