Pensions
Pension Plans
At Mercantile, we prioritize helping you plan for a secure financial future. Retirement should be a time of enjoyment and fulfillment, and we are committed to ensuring you have the financial security to achieve this. A pension offers a tax-efficient way to maintain a comfortable standard of living in your retirement years. The sooner you start contributing, the more time your pension fund has to grow, providing greater financial benefits in the long run.
Personal Pensions
This Plan is designed for the self-employed or those without employer-provided pensions. This long-term personal retirement account offers flexibility and tax efficiency, with generous tax relief on contributions up to certain age-related limits. Additionally, any investment growth within the plan is tax-free.
Personal Retirement Savings Accounts (PRSAs)
A PRSA is a flexible and tax-efficient personal retirement account, ideal for the self-employed or those in non-pensionable employment. Contributions can be made directly into the PRSA, and transfers from existing pension arrangements are also possible. This account helps you build a robust retirement fund with favorable tax treatment.