Private Pension

Hello Folks,

I hope you are all well. I run my own small business, mid thirties and no pension set up. I am no pension expert but I want to set up a pension for myself for whenever I retire (if ever 😂😂).

Is it possible to set up my own fund whereby I would invest in the S&P 500 through my business on an annual basis or something and then when I turn 65, draw this out?

How would I go about this? I presume pension contributions are a company expense? And I guess depending on how good or bad (hopefully not) business is, annual contributions could differ.

Any help appreciated,

Thanks all, have a great week.

Hammer Archer

Hi OP,

I've moved this to the Banking, Insurance & Pensions forum (hopefully that's the correct forum for this question).

Henry Ford III

In general terms yes you could do that OP.

I'd suggest you consult a Financial Advisor to take you through the ins and outs of it.

Thanks you Henry. How’s the model T? 😄. I see in the UK you can you the S&P directly from Vanguard but in Ireland it seems you need to buy through a trading platform like Degiro or something

alan_mur

Vanguard starting offering PRSA through a carlow broker

https://www.independent.ie/business/personal-finance/pensions/shake-up-for-irish-pensions-market-as-two-new-international-firms-add-competition-42016116.html

Davy Select PRSA is another option if you want a bigger range to etfs.