It’s time to put pensions back on the table

No matter how far away you are from retirement, it is always a good time to start a pension or to build up your contributions. And the tax benefits are considerable

Rachel McGovern, director of financial services at Brokers Ireland

It wasn’t so long ago when the government’s ambitious Pensions Roadmap was a talking point for employers and the pension sector. Hopes of tackling Ireland’s pensions time bomb prompted proposals which included the introduction of an auto enrolment scheme – an effective way to get all Irish workers saving into a pension. But then a global pandemic took hold and pension reform was paused.

However, with Budget 2021 just over a week away, there have ...