Monday May 25, 2020

Your Money: From ARF to annuity

If you have a couple of pensions, should you consolidate them into one? This is just one decision you need to make about managing your future pension income, writes Emma Kennedy.

11th March, 2012
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Life on a pension can mean a whole new financial reality. Photo: Getty

With the state pension giving you just under €12,000 per annum, and even the best pension schemes giving you just half of your pre-retirement income, getting used to living on a pension can mean a whole new financial reality.

But being prepared is half the battle. "An important step in transitioning from a salary to a pension is to gauge in advance what income may be available in retirement," said Danny Mansergh, financial planning consultant...

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