From January 2025 onwards a Company can contribute up to 100% of the salary of an Employee / Company Director into a PRSA Pension without it being a ‘Benefit In Kind’ to the pension owner.

The purpose of a Pension is ultimately to fund your Retirement years by saving a portion of your Employment Earnings into a tax-efficient vehicle.

A Personal Retirement Savings Account (PRSA) is a Pre-Retirement Pension Policy, suitable for employees who are excluded from their employers existing pension scheme, or where there is no pension scheme in place.

Up until the end of 2021, this option to use a PRSA was only available to people with less than 15 years of Pensionable Service. However

A Retail Master Trust is a one-person Company Pension Plan that can house both Employer and Employee Contributions. This type of Pension is most suitable for Company Executives and Owner Managers.

A Buy Out Bond (also known as a Personal Retirement Bond) is a lump sum pension contract specifically designed to house legacy pension