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Group Pension Plans - Unit Linked

Group Pension Plans - Unit Linked

Everyone is living longer and the cost of providing State Pensions is increasing. It is widely acknowledged that individuals have to take responsibility for their own future wellbeing and save sensibly towards a financially secure and independent retirement.

MSV Life offers a range of individual and group retirement and pension schemes which can be tailored to suit most situations, including employer sponsored schemes or voluntary group schemes, with a variety of investment solutions.

THE MSV PERSONAL PENSION PLAN

The MSV Personal Pension Plan offers flexibility and investment choice, as well as the opportunity to receive a tax rebate equal to 15% of the amount you save each year. 

  • Start saving for retirement from just €40 a month.
  • Apply for a tax rebate equal to 15% of the amount you save each year.
  • Supplement your state pension when you retire to maintain your lifestyle when you stop working.
  • If your circumstances change, you can change the amount you save, or take a break from saving altogether.

Under current legislation, you can start taking your personal pension between ages 50 and 75, at which time you can choose to receive up to 30% of the fund as a tax free lump sum, with the balance used to provide you with a regular income.

  • The underlying investment funds, in which you can choose to invest your contributions, have different levels of risk.
  • Past performance of funds is not necessarily a guide to future performance and the value of your Plan is not guaranteed.
  • The value of funds and the currency in which they are denominated may go down as well as up and you may not get back your original investment.
  • When you retire the fund value may be less than illustrated if:
    • You stop contributing into the Plan, or reduce contributions.
    • Investment performance is lower than illustrated.
    • You take your benefits earlier than your selected retirement date - Tax rules change.
    • Charges increase above those illustrated.
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