If you are self-employed, or equally if you are an employee, but not a member of your employer's pension facility, then it is up to you to plan for your own retirement. When you decide that you would prefer not to work any longer, you may wish to have more than the State pension of just €230.30* per week to live on.

So if you want to be able to enjoy a comfortable retirement, the onus is clearly on you to put money aside during your working years. And, the sooner you do so, the better chance you have of meeting your goal. Not only that, but the generous tax advantages that a pension plan offers, makes it a really cost efficient way to save.

Our Personal Pension Plan is a tax-efficient way to save for retirement, with additional protection options such as Life Cover and Disability Cover.

Should you consider a PRSA or a Personal Pension Plan? You really need to talk to your Independent Financial adviser. At Kielty Cashell Financial, we will advise you on which is more appropriate, which offers you the best value in terms of charges, fund choice and overall flexibility.

* (State Pension (Contributory) Personal Rate as at January 2009)