Over 60? Make Smarter Pension Choices Before It’s Too Late ⏳

 If you’re in your 60s, this is one of the most important financial windows of your life. ⏳

The decisions you make now around your pension, tax relief, and retirement income can shape your lifestyle for decades to come. And the truth is… small choices today can have a big impact later.

Let’s break it down in a simple way 👇

👉 When can you actually retire?
 It depends on your pension type:
 • Personal Pensions & PRSAs — typically accessible between age 60–75
 • Company Pensions — retirement age is usually set by your employer (often 60–70)
 • AVCs — usually taken alongside your main company pension
 • Retirement Bonds — follow the rules of your original scheme

👉 How can you take your money?
 You’ve got a few key options:
 ✔️ Take a tax-free lump sum (up to €200,000 lifetime limit)
 ✔️ Choose an annuity for guaranteed income for life
 ✔️ Use an Approved Retirement Fund (ARF) to stay invested and draw income flexibly
 ✔️ Take additional cash (tax may apply depending on your situation)

👉 Don’t ignore tax relief timing ⚠️
 This is your last chance to maximise pension contributions before retirement.

If you’re eligible, you could receive up to 40% income tax relief, which can make a huge difference to your final pension pot. 💰

For higher earners especially, reviewing your maximum allowable contributions in your 60s is critical before year-end.

💡 The bottom line:
 Your 60s aren’t just about slowing down…
 They’re about making smart, strategic moves to secure your future income.

🤝 Not sure if you’re making the right choices?
 We can help you review your options, optimise your pension, and make sure nothing is missed before retirement.

Send us a message to get started.

Learn more: https://mmadvisors.ie/pensions-advice/

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