New To Pensions? Set Up Pension Plans with Professional Advice
Your dream retirement begins with the perfect pension plan.
Start Pension Planning with Confidence
If you’re asking yourself, “How do I start a pension?”, you’re not alone. People of all ages, from the newly graduated to those settled in permanent roles, are looking towards retirement and wondering how to put themselves in the best financial position possible. Of course, it’s always best to start a new pension scheme early to maximise returns, but that’s not always possible.
At GSB Capital Ireland, our team’s advice is backed up by years of experience and generating real results. For example, our Managing Director Michael Cunningham and Senior Financial Advisor Shaunna McCormack are experts in pension planning and members of the CISI and LIA. They, alongside their colleagues, help each client choose the right pension plan each and every time.
So, instead of asking “how to start a pension plan”, contact GSB Capital Ireland and a member of our team will help you choose the perfect plan today.
We’ll Help You Choose and Set Up the Best Pension for You
How to start investing for retirement can be done one of several ways. Pension options can include:
Private Pension
A private pension is one that an individual will set up themselves. Managed by life assurance or investment companies, the individual will decide on the level of contributions they wish to make. This type of pension is popular among self-employed people. A PRSA is a type of personal pension.
Available to anyone living or working in Ireland, a Personal Retirement Savings Accounts (PRSA) pension is a financially flexible, portable and tax-efficient retirement savings plan. All roles qualify with a PRSA pension, too, whether you’re working freelance, part-time or self-employed
An Additional Voluntary Contributions (AVCs) pension gives you the freedom to speed up your retirement savings. Not only can you capitalise on compound interest when you make regular contributions, but you can also get up to 40% back in tax relief on every euro you contribute, depending on your income and age. AVCs also create the possibility of an early retirement.
Personal Retirement Bond
For when you change jobs, a Personal Retirement Bond (PRB) simply allows you to take your funds from one employer to the next through the value of investment in a bond. Investment growth is tax free, and you can choose where to put your money.
How to Start a Pension
So, how to open a retirement fund? If how to start saving for retirement is on your mind, GSB Capital Ireland will be more than happy to help you find the pension plan that suits you. We follow a tried-and-tested four-step process with all clients while never losing sight of the retirement you want:
We begin every successful retirement plan with an initial consultation. Our retirement planning specialists will assess your current financial situation and retirement goals while presenting you with a range of options .
When you have an idea of the pension you would like, our specialists will put together a retirement plan that considers your needs and goals. This tailored plan will be devised alongside risk management strategies that cover your risk tolerance.
Once everything is in order, your pension plan is ready to be put into action. Whether you’ve set up a private pension or joined your employer’s pension, you will begin making regular contributions.
At GSB Capital Ireland, we continuously monitor and evaluate your pension plan to ensure you’re getting the desired benefits. If needed, our financial advisors can make adjustments to account for changes in your circumstances.
Contact Us For A Free Initial Consultation
Trusted Expertise
Meet the Experts Behind Your Financial Future
Senior Financial Advisor
Sam is a Qualified Financial Advisor with an MSc in Finance and membership in the Institute of Bankers. He uses retail banking and risk expertise to create strategies aligned with GSB’s values and evolving market trends.
Senior Financial Advisor
Shaunna is a Certified Financial Adviser in Ireland and an LIA member. She creates tailored strategies for clients worldwide, embracing innovation and staying current with trends, reflecting her commitment to clients.
Senior Financial Advisor
Ben is a Financial Accountant and fully qualified International Financial Planner. With experience in Banking and Wealth Management, he helps clients navigate all areas of financial planning.
Why You Should Set Up a Pension with GSB Capital Ireland
Experience can only take you so far, because in the end, it’s results that matter most. At GSB Capital Ireland, we’ve helped clients increase pension savings by €98,000 in two years and grow pension funds from €160,000 to €190,000 in one year.
We’ve shown clients how to start a personal pension and how to avail of pensions with attractive tax-free incentives.
Here’s how we do it:
Client First Approach
When you ask GSB Capital Ireland to help you set up a personal pension, or any type of pension, we assess your unique financial situation and goals. From that first consultation, we will stay by your side throughout your pension’s lifecycle, making changes and offering advice when needed
Independent Advisors
As independent advisors, you can be sure that the guidance we offer is in good faith and in your best interests
Full Support
We know that life happens and that from time to time, your pension plan might need to change. If so, our financial advisors will be on hand to reevaluate your plan and find something more suitable. This not only gives you peace of mind, but it also keeps your retirement targets on track
Testimonials
Hear from our clients about their experiences with our retirement planning specialists.
Frequently Asked Questions about Pension Planning
The best time to start a personal pension is as early as possible. Of course, you might want to take some time to find your feet, assess your needs or settle into a job, but to give your retirement fund the best chance of yielding great returns, we recommend you set up a personal pension as soon as possible.
As pension planning experts, our experience tells us that the consistent contributions of a pension provide greater returns and peace of mind when planning for retirement. Yes, you can set up a savings account and add funds as you go along, but a pension is certainly more advisable and more tax efficient.
The first step when looking to start a private pension is to speak with an experienced financial advisor. From there, you can learn about the types of pensions available, and which suit your needs best. Then it’s simply a case of putting it in action and beginning your contributions.