The Irish state pension provides around €12,688 per year. While this is a foundation, it’s not enough for most professionals to maintain their lifestyle. That’s why private pensions are essential.

The State Pension

• Fixed amount, currently €12,688 per annum.
• Available only at state retirement age (currently 66).
• May not be sustainable for the future due to demographic pressures.
  
  

Why It Falls Short

For healthcare professionals with mortgages, practice costs, or family commitments the State Pension doesn’t go far. Most require at least double or triple that amount to maintain their standard of living.

The Private Pension Advantage

• Flexible contributions based on earnings.
• Up to 40% tax relief on contributions.
• Compounding growth over time.
• Greater control over retirement age and income.
  
  

Combining Both for Security

The state pension should be seen as a safety net. Your private pension is what allows you to retire comfortably and enjoy financial freedom.

Omega’s Role

We design pensions tailored to healthcare professionals – combining state benefits with tax-efficient private savings.

Don’t rely solely on the state pension. Secure your lifestyle with a strong private plan today.

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• Get more information
• Call us on +353 1 293 8554
• Email us - info@omegafinancial.ie

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

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