Company Directors Pension
Company directors have the distinct advantage of being able to extract profits from their company and transfer into their own name free of income tax through the use of an executive pension plan.
An Executive Pension remains by far the most tax efficient way of saving for your retirement and extracting wealth from your business.
You have a window of oportunity now to save what you can and benefit from current generous tax reliefs. The early you begin your pension the greater the fund you will have in retirement. To estimate what's needed to provide you with a decent pension in retirement click on the retirement fund calculator.
Benefits of an Executive Pension Plan
The age at which you can now qualify for the state pension is now 68. The loss of 3 years in state pension income could amount to almost €60,000 for a maried couple. The use of an executive pension can be used to offset this loss.