Seminarfocusedonhowto futureproofyourpension

BANK of Ireland held a seminar on pensions in Louth last week.

The event ‘ Future Proof your Future’ was held in Donnegans of Monasterboice, and featured a number of topics and speakers.

The seminar explored a number of topics including the current pension environment, types of products available, adequacy levels for provision, insights into how to kick-start your pension, and tax benefits.

Discussing the event, Bernard Walsh, Head of Pensions & Investments at Bank of Ireland Life, said: ‘ Securing your financial future is an important step to ensure sufficient income for when you retire.

It can be hard sometimes to commit the time to review your pension so we’re inviting people to attend one of our seminars to hear the facts, trends and economic updates relevant to pensions.’

‘ This event was aimed at people who may be starting out on the pension journey, or who may already have started a pension, because while some people have started their retirement savings journey, many are saving at an inadequate level.’

The tax deadline in October brings pensions into focus for many people, particularly those who are self-employed.

Saving into a pension fund remains a key tax planning tool, as the fund grows tax free. Pension holders may also qualify for a tax free lump sum at retirement and should be able to draw down a certain amount of income tax-free.