Private pensions

If you want to ensure that you have adequate income in retirement, and the State pension will not meet your needs, you should be aware of the pension options open to you.

Your pension options will depend mainly on your work situation, although you may still be able to choose which option is best for you.

If you are employed, you may be covered by an employer-sponsored occupational pension scheme or relevant public sector scheme.

If you are not covered by these or if you are not an employee, you may be able to take out your own personal retirement savings account (PRSA) or retirement annuity contract (RAC).