EMPLOYEES, DIRECTORS AND THE SELF-EMPLOYED

Pension Review Cork | Forsythe Financial Planning

Maximise your workplace pension benefits. Understand fund choices, employer matching, AVCs, and old pension transfers with trusted advice from John Forsythe in Cork.

Book a Free Consultation

We ensure your retirement pot is working just as hard as you do.

Maximise “Free” Money

Ensure you are getting the full employer-matching contribution.

Slash Your Tax Bill

Learn how to turn your high-rate income tax into retirement savings.

Clear, No-Obligation Advice

Open, friendly consultations in Cork, in-person, by phone, or over Zoom.

TAKE CONTROL OF YOUR FINANCIAL FUTURE

Maximise Your Workplace Pension Benefits

Your company pension is one of your most valuable benefits, yet many employees leave money on the table. A Workplace Pension Review with Forsythe Financial Planning helps you take full control of your future, ensure your employer is matching optimally, and cut through the pension jargon.

Book a Free Consultation

Areas we can help with

  • Pension reviews
  • Pension consolidation
  • Pensions from previous employers
  • Pension decisions after changing jobs
  • Personal pensions
  • PRSAs
  • Employer pension schemes
  • Executive pensions
  • Directors’ pensions
  • Pension funding for business owners
  • Pension transfers
  • UK pension transfer considerations
  • Understanding pension charges, fund choices and risk
  • Applying for available pension tax relief where relevant

Get your free ‘Smart Employee’s Workplace Pension Checklist’

How to Maximise Your Benefits, Pay Less Tax, and Stop Leaving Money on the Table

What you get

A pension review that explains what you have, what your options are and what course of action is recommended. This may include keeping pensions separate, consolidating them, changing contributions, reviewing fund choices, or taking other steps.

Frequently Asked Questions About Employee Pensions

When you leave a company, your pension pot remains yours. You generally have three choices:

  • Leave the funds where they are in the old employer’s scheme.
  • Transfer the balance into your new employer’s company pension scheme.
  • Move the fund into a Personal Retirement Bond (Buy-Out Bond) in your own name, giving you total control over investment choices.

The Revenue Commissioners limit how much tax-free income you can put into a pension each year. These limits are based on your age and apply to a maximum earnings cap of €115,000 per year:

Age BracketMaximum Tax-Free Contribution Limit
Under 3015% of your net relevant earnings
30 – 3920% of your net relevant earnings
40 – 4925% of your net relevant earnings
50 – 5430% of your net relevant earnings
55 – 5935% of your net relevant earnings
60 & Over40% of your net relevant earnings

Note: This percentage includes your regular employee contribution and any AVCs combined. Employer contributions do not count toward these specific personal limits.

Additional Voluntary Contributions (AVCs) are extra savings you make into your company pension plan on top of your regular employee contributions. They are the most tax-efficient way to boost your retirement pot because you get income tax relief at your highest rate (up to 40%) on everything you contribute.

If you signed up for your workplace pension and never manually selected your investments, your money is likely in a Default Investment Strategy or Lifestyle Fund. While safe, these often automatically move your money into very low-growth cash or bond markets far too early, which can severely stunt the growth of your fund if you still have decades left until retirement.

What you get

A pension review that explains what you have, what your options are and what course of action is recommended. This may include keeping pensions separate, consolidating them, changing contributions, reviewing fund choices, or taking other steps.
How we charge is agreed in writing before any work starts.

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