According to a comprehensive study conducted by one of Ireland’s leading life companies, it has become clear that only around half of the women in this country possess sufficient financial security.
If you’re reading this, like many people in Donegal you’re probably thinking about how your pension plan works if you leave your current employment or maybe you have left already and want to understand the options available to you.
If you’re about to start a family, congrats! It’s a wonderful and exciting time. That said, it does mean adjusting to a whole new lifestyle. So, doing some financial planning now can help you stay in control of your money during this transition.
A state pension will provide you with a basic level of retirement income, provided you qualify. For example, the full state pension (contributory) is €13,172 per year (or €253.30 per week). The state pension increases by €10 per week for those over age 80. (Correct as of Jan 2022)