Tax saving opportunities for Employees

Employees may be entitled to a refund of some of the Income Tax they paid in 2022. This can be achieved by personally making a lump sum Personal Pension plan, PRSA or PRSA AVC contribution, depending on your employment circumstances, by 31 October 2023 and electing to backdate the tax relief to 2021, subject to the age-related limits below. Employees Tax Saving Opportunities

LABrokers – Zurich Standard PRSA or PRSA AVC with 100% allocation for life of policy. Annual Management Fee 1%. No hidden charges or fees. To obtain a Zurich PRSA or PRSA AVC application pack, please go to: https://www.labrokers.ie/prsas-ireland-personal-retirement-savings-account-pension-plan/

The PRSA offers 100% allocation. (there is NO entry charge) and that is for each and every contribution you make for the life of the policy. It has a range of funds with the risk profile you require.

LABrokers is an execution only broker. Under central bank regulations we cannot offer you any financial advice of direction. We place your business with Zurich on a nil commission basis. 100% allocation for the life of the policy and a 1% annual management charge. We do not charge any fees. We do not handle client funds and the contract is between you and Zurich.

With the government offering generous tax relief on pension contributions, starting your pension now could be one of the best financial decisions you make.

Ireland’s State Pension (Contributory) stands at just over €260 per week, less than half the current average industrial weekly wage. While the State Pension (Contributory) can help you get by, it may not be enough to allow you to live the active retirement that you want.

It’s never too early or too late to start saving for your retirement. The earlier you start, the more you should have saved for your retirement. And with plenty of options, you can choose a pension that suits your life stage.

Your pension shouldn’t stop you enjoying your life, that’s why you can take payment breaks if you need to. You can also reduce or increase your contributions as your circumstances change.

When it comes to pensions, Zurich Life has one of the best managed fund returns in Ireland over the last 20 years.* And, you can have peace of mind knowing that we are part of the Zurich Insurance Group which has an internationally recognised financial strength rating of AA/stable.† Little wonder then that Zurich Life remains a great choice for your retirement savings.