As a GP, your financial future depends on more than your practice list. Pension planning needs to evolve as your career progresses.

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Early Career (20s–30s)

• Build strong habits with even modest contributions.
• GMS contributions can be topped up via a PRSA AVC, giving you wider investment choice.
• Example: €200 per month started at 30 could grow to more than €300,000 by 65.
  
  

Mid-Career (40s–50s)

• These are peak earning years—use the higher contribution allowances (up to 25–30% of earnings).
• Tax relief is generous, especially for higher-rate taxpayers.
  
  

Late Career (55+)

• Take advantage of higher contribution limits (up to 40% of earnings at 60+) .
• Consolidate multiple pensions into a clear, manageable plan.
• Focus on creating predictable income streams for retirement.
  
  

Why It Matters for GPs‍

• Steady retirement fund growth.
• GMS pension scheme is complex, with deductions and contributions often confusing.
• Long-term financial security for you and your family.
  
  

Omega’s Role

At Omega Financial, we:

• Guide GPs through GMS pension calculations and PRSA AVC strategies.
• Maximise tax relief within Revenue rules.
• Adapt plans as your career and earnings evolve.
  
  

Your pension should grow as your career grows. Start today to build financial security for tomorrow.

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📞 Schedule a free consultation at +353 1 293 8554.

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OFM Financial Ltd T/A Omega Financial Management, regulated by the Central Bank of Ireland.

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