Your Pensions timeline in 6 simple steps

Pensions from Aviva

Retirement looming? Understand your options in 6 steps.

1. Get the facts

Talk to a financial broker and get all the information you need to know about pensions.

2. Choose the right pension

Your financial broker can help you choose the right type of pension to suit your personal circumstances.

3. Start your pension plan

You start making payments into your plan. You can claim tax relief on contributions you pay to your plan. The amount of tax relief you get will depend on your personal circumstances.

4. Review your plan and make changes

If your circumstances change, you may wish to alter the amount you pay into your plan or change the funds your payments are invested in.

5. Your choices at retirement

When you retire, you choose how to take your benefits - whether to use your whole pension fund to provide an income or to take a tax-free cash lump sum and use the rest to provide a smaller income. Your pension provider will contact you before your retirement date to explain the options available to you.

6. Start taking your retirement income

You can use the money in your pension fund, after taking any tax-free cash lump sum, to buy an annuity or consider other options such as investing the balance in an Approved Retirement Fund (ARF).

Looking for Aviva Pensions?

Visit our Aviva Pensions page to see full details of the products we offer.

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Important information to consider.

Warning: Past performance is not a reliable guide to future performance.

Warning: The value of your investment may go down as well as up.

Warning: If you invest in this product you will not have any access to your money until you retire

Warning: If you invest in this product you may lose some or all of the money you invest.

Warning: This product may be affected by changes in currency exchange rates.

Need to contact us?

You'll find all the contact information you need here

Aviva Life & Pensions Ireland Designated Activity Company, a private company limited by shares. Registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland. Tel (01) 898 7950.