Personal Pension Plan – With Profits
Plan Description
Start saving for your retirement in a Personal Pension Plan which offers you flexibility and investment choice.
✓ Start saving for your retirement from just €40 a month.
✓ You can apply for a tax rebate equal to 25% of the amount you save each year.
✓ Supplement your state pension when you retire to maintain your lifestyle when you stop working.
✓ If your circumstances change, you can change the amount you save, or take a break from saving altogether.
✓ Current legislation states that you will be able to start taking your benefits when you are between the ages of 61 and 70 (or any other age specified in S.L. 123.163 under the Income Tax Act, or any Regulations substituting this legislation). At which time you can choose to receive up to 30% of the fund as a tax free lump sum, with the balance used to provide you with a regular income. Tax treatment depends on the individual circumstances. Tax legislation & the amount of rebate may change in the future.
More Information
✓ The Personal Pension Plan - Unit Linked is a long term regular savings pension plan, offering you a choice of various investment funds.
✓ It allows you to save on a regular basis and to invest additional lump sums at any time in the future. The value of the Plan is linked to the value of the underlying investments of your choice.
✓ Contibutions to the Plan qualify for a tax credit for those meeting the necessary eligibility criteria below.
It Aims:
✓ To build up a sum of money which will be used to provide a tax-free cash sum when you retire and a regular income for the rest of your life, in order to supplement the State Pension.
✓ To help your retirement planning cope with changes in your personal and financial circumstances.
✓ To offer you a wide and flexible choice of where to invest your savings.
✓ To provide a cash sum to your wife, husband or dependant(s) should you die before retirement.
Your Commitment
✓ To make regular contributions for the life of the Plan.
✓ To keep the Plan invested until you choose to take your retirement benefits.
✓ To invest for the long term and to review your contributions on a regular basis.
Risk Factors
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If you invest in this Product, you will not have access to your money before the retirement date.
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If you stop paying your Plan before the selected retirement date, you may not get back as much as you invested as plan charges will continue to apply.
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The value of your investment may go down as well as up and you may get back less than you originally invested.
These Products are manufactured by Mapfre Msv Life p.l.c., which provides cover under these policies, and are distributed by Karus Services Ltd.
