Secure Your Financial Future
Retirement Planning in Ireland
Retirement planning is about more than pensions — it’s about creating clarity around your income, lifestyle, and financial security for the years ahead.
Whether you are approaching retirement or already retired, having a structured retirement plan can help you make informed decisions and retire with confidence.
Regulated by the Central Bank of Ireland
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Clear, practical guidance (no jargon)
Retirement Planning: Who This Service Is For
Our retirement planning service is designed for people who:
- Are within 5–10 years of retirement
- Have recently retired and want financial clarity
- Are unsure what to do with their pension at retirement
- Want to plan a reliable retirement income
- Are concerned about inflation, longevity, or investment risk
If you want reassurance that your finances will support you throughout retirement, professional retirement planning can help.
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Common pension choices as part of retirement planning:
Tax-Free Lump Sum
Most people can take a tax-free lump sum at retirement.
Retirement planning helps ensure this decision supports your long-term income, not just short-term needs.
Annuities
Approved Retirement Funds (ARFs)
ARFs allow your pension to remain invested while providing flexible income.
Effective retirement planning helps manage the risks and opportunities involved.
Combining Pension Options
Consolidating Multiple Pensions at Retirement
Checking Pension Benefits for Spouses and Dependants
Successful retirement planning focuses on income, not just pension values
We help you plan:
- How much income you will need in retirement
- How long your income must last
- How inflation may affect your spending power
- How to draw income tax-efficiently
Retirement planning brings together all income sources, including:
- State Pension
- Personal and occupational pensions
- ARFs and annuities
- Savings and investments
Good retirement planning aligns your finances with your lifestyle goals. We Consider:
- When you want to retire
- How you want to spend your time
- Travel, hobbies, and family support
- Future healthcare and care needs
- Leaving a financial legacy
Why Choose Greenway for Retirement Planning?
Clients choose Greenway Financial Advisors for retirement planning because we offer:
- Clear, jargon-free retirement planning advice
- Specialist knowledge of Irish pensions and tax rules
- Personal, one-to-one retirement planning support
- Long-term guidance, not one-off recommendations
Our goal is to help you feel confident and in control throughout retirement.
Our retirement planning process is clear, structured, and tailored to you.
Step 1: Retirement Planning Review
We review your pensions, savings, income sources, and retirement timeline.
Step 2: Retirement Planning Goals
We clarify your income needs, lifestyle priorities, and risk tolerance.
Step 3: Retirement Planning Strategy
We design a retirement income plan focused on sustainability, flexibility, and tax efficiency.
Step 4: Ongoing Retirement Planning Support
Retirement planning is ongoing. We provide regular reviews to adapt your plan as life changes.
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FAQs Common Questions About Financial Advice in Ireland
What is retirement planning?
Retirement planning is the process of preparing financially and practically for life after work. It involves understanding your pension options, planning a sustainable retirement income, and ensuring your money supports the lifestyle you want throughout retirement.
When should I start retirement planning?
Ideally, retirement planning should begin 5–10 years before retirement, but it’s never too late to start. Even if you are already retired, retirement planning can help you manage income, reduce risk, and improve long-term financial security.
What are my pension options at retirement in Ireland?
At retirement, your pension options typically include:
- Taking a tax-free lump sum
- Buying an annuity for guaranteed income
- Investing in an Approved Retirement Fund (ARF)
- Using a combination of these options
The right retirement planning strategy depends on your income needs, health, and attitude to risk.
How much income will I need in retirement?
The amount of income you need in retirement depends on your lifestyle, housing costs, travel plans, and healthcare needs. As part of retirement planning, we help estimate your future expenses and match them with reliable income sources.
What income sources are included in retirement planning?
Retirement planning considers all possible income sources, including:
- State Pension
- Personal and occupational pensions
- ARFs and annuities
- Savings and investments
- Rental or other income
A coordinated approach helps ensure your income lasts throughout retirement.
What is an Approved Retirement Fund (ARF)?
An ARF allows your pension to remain invested after retirement while you draw income as needed. Retirement planning helps manage investment risk, withdrawal levels, and tax efficiency when using an ARF.
Is retirement planning only about pensions?
No. While pensions are a key part of retirement planning, a full plan also includes savings, investments, tax planning, lifestyle goals, inflation, and longevity considerations.
Can retirement planning help reduce tax?
Yes. Effective retirement planning can help reduce unnecessary tax by structuring pension withdrawals, income sources, and investments in a tax-efficient way under Irish tax rules.
Do I need a financial advisor for retirement planning?
Retirement planning decisions are often complex and irreversible. A qualified financial advisor can help you avoid costly mistakes, understand your options clearly, and build a plan tailored to your goals and circumstances.
Is retirement planning a once-off process?
No. Retirement planning should be reviewed regularly. Markets, tax rules, and personal circumstances change, so ongoing reviews help keep your retirement plan on track.
How do I start retirement planning with Greenway Financial Advisors?
You can start retirement planning by booking a consultation with Greenway Financial Advisors. We’ll review your current situation, explain your options, and help you create a clear and practical retirement plan.
How We Can Help You
Greenway Financial Advisors Limited is regulated by the Central Bank of Ireland. Registered No. C168372