We review all your pensions and calculate what your retirement income will look like. Based on that analysis, we can recommend a course of action so you can maximise your benefits. Very few employees we talk to have entered full-time employment from day one and stayed with the same employer for their whole working life. Employees call us worried about old pensions, career breaks, job sharing, working abroad, etc. Things are never straightforward until we produce your free report. This is a fantastic no obligation review of your financial wellbeing.

We find that often employees do not fully understand all the fields on their payslip. This can lead to problems, such as not being on the right salary scale point for public sector employees, or not using all your tax breaks correctly.

Whether you need to protect you family’s future, mortgage or plan for inheritance taxes, it is key to have the right insurance policy for your needs. Furthermore, as part of the report, we will search the market for the best prices out there.

If you have more than 3-6 months pay in your bank account (your emergency fund), you are faced with questions how to use your money wisely. Should you increase your pension contributions, open a savings account for your children’s education, invest in bonds, etc.? The MadeSimple report makes these questions much easier to answer taking into account your tax position and financial objectives.

Put simply, an AVC allows you to make additional contributions towards your retirement benefits. At retirement you’re free, subject to the relevant Revenue rules, to use the money in your AVC to buy the retirement benefits you want. You must be a member of your employer’s Superannuation Scheme to be eligible to join the AVC Plan.

Anybody who is a member of a pension scheme can set up an AVC.

You can set up your AVC in three ways:

Option 1

Fill in our online financial report form. An advisor will generate a personal report for you. You can then schedule an online meeting with and advisor who can guide you through the process of setting up an AVC.

Option 2

Send us an email. One of our financial advisors will get back to you ASAP. E-mail: hello@madesimple.ie

Option 3

On the phone. Our friendly finance advisors are ready to help. Call us on 061 469884

There are lots of great reasons to start an AVC:
• You can benefit from tax relief
• An additional pension for you in retirement
• An additional pension for your dependants if you die after retirement
• Buying ‘missed years of service’ through the Purchase of Notional Service (PNS) Scheme
• An option to buy employer benefits, e.g. repaying a marriage gratuity, paying an amount deducted from your gratuity or paying outstanding Spouses’ and Children’s Scheme contributions.
*This option must be exercised prior to your retirement. †This benefit is not available to the Public Sector PRSA.

Subject to a minimum of €75 per month and a maximum determined by Revenue based upon your age, salary, and your other pension contributions you can select how much you contribute to your AVC fund. You can stop, start, or pause your AVC contributions whenever you like. Any change to your contribution amount may take up to two months to take effect on your payslip. You can also make one off lump sum contributions.

Yes! Like regular pension contributions, you can qualify for income tax relief at your marginal tax rate when you make these extra contributions.

You cannot start soon enough, because the sooner you start the more money you can build up. The more money you can save, the better the benefits you can avail of at retirement.

If you decide to make a once-off lump sum payment into your pension before the 31^st of October, you can still qualify for a tax relief in respect of the previous year. You should note that you will need to have lodged your claim for tax relief with your local Inspector of Taxes by 31October in any year for your application for tax relief to be considered by the Inspector of Taxes.