Originally published February 2010
1. Introduction to Pensions
This guide provides a brief overview of the legislation and
related rules and regulations which govern the operation of
pensions in Ireland.
A pension scheme is an arrangement that provides for payments to
be made to an individual on retirement or to his or her dependants
in the event of death.
For further information on any of the topics covered, please
contact the LK Shields Pensions Group.
2. Pensions Provision in Ireland
Ireland has a three pillar pension system. First, the Irish
Government provides a basic old age retirement pension through the
State social welfare system. This is paid at a rate of
€230.30 per week for a fully qualified person for 2010.
Additional payments may arise for a qualified dependant. Secondly,
individuals can choose to make supplementary private provision by
saving in a formal tax approved pension arrangement. Thirdly, other
savings top up the foregoing.
