What is an Executive Pension Plan?
An executive pension plan, or company pension scheme, is an investment product designed for directors and employees to save for their retirement. When an individual joins an executive pension plan, they become a ‘member’ of their company's pension scheme. An executive pension plan is set up by Trustees on behalf of members. It's tax efficient because there is relief available for both employers and employees on their contributions to the scheme, there is no tax due on any investment growth within the pension fund and members may be entitled to take a tax-free lump sum at retirement.
If members want to make additional payments into an executive pension plan, they can add additional voluntary contributions (AVCs) to the plan. These are separate from the regular payments which the member makes. There are limits to how much the employer and member can make, but both member payments and AVCs will help boost their retirement fund.
Aviva Executive Pension at a glance
Minimum contribution
Regular contribution – €100 monthly or €1,000 yearly
Single contribution €5,000
Investment Choice
We offer a wide range of investment funds to choose from, with responsible investing options across our range
Aviva My Future ESG Lifestyle Strategy
Personalised and cost-effective default pension savings strategy
Online Service
View key policy information & access online tools
Why would I need a pension?
If you want to improve your income in retirement and don’t want to rely solely on the State Pension to provide your income in retirement – you will need to plan your retirement now, because it really is your responsibility.

How prepared are you for retirement?
At Aviva, we have carried out extensive research across Ireland to explore just how adequately we are prepared for our retirement. We discovered that 43% of 35-54-year olds expect financial hardship in retirement and 60% have inadequate retirement funds. Overall, half of our population is likely to carry some level of debt into retirement. (Source Aviva, September 2019).

Will you have enough money to enjoy your retirement?
Talk to an independent financial broker to find out how much you need to put into a pension today to ensure you enjoy the longest holiday of your life.
What can our Executive Pension Plan do for you?
Build your savings for retirement with a pension that puts you in control.
- Flexible Contributions
Our plans can accept monthly contributions from as little as €100 and/or single contributions including AVCs from as little as €5,000. - Competitive & Transparent Pricing
With highly competitive fund management charges and no switching fees Aviva offer a highly competitive and transparent pricing structure. - Premium Service
Our outstanding service delivery model creates a straight-forward, smooth journey with Aviva, from setup through to retirement. - Innovative, Personalised and Cost-Effective Default Pension Savings Option
Aviva My Future ESG Lifestyle Strategy managers risk at each step of the way to help provide peace of mind for our customers during their journey to retirement.
- Free Independent Trustee Services
Aviva have partnered with an independent trustee, Freedom Trust Services and will cover the cost of providing Trusteeship for executive pension polices. - Aviva Online Service Centre
Our customer portal allows you to view key information on your policy, access key on-line tools such as our pensions calculator and to view your key policy documents in one place. - Investments that work for you
Aviva is the best place to invest to safeguard your retirement, whether you want a ready-made multi-asset ESG Fund or default savings solution or you want to work with your financial broker to create and manage a bespoke portfolio by choosing funds and/or individual assets. We also offer responsible investing funds across our range.
Investments that work for you

Investing your money
We all have different preferences for how we like to invest and we aim to match our offering with your needs. With the help of your financial broker, you can opt for a simple ready-made multi-asset ESG solution, a completely bespoke portfolio or something in-between. We also offer reponsible investing options across our range.

Aviva My Future ESG Lifestyle Strategy
We focus on your pension, so you don't have to
This personalised and cost-effective default pension savings programme invests your contributions in funds on your behalf with the aim of managing the risks your money is exposed to throughout your journey to retirement.
Frequently Asked Questions
When can I take out an executive pension plan?
Who can take out an executive pension?
How much can a member pay into their executive pension?
How does the tax relief on an executive pension work?
How does a member claim the tax relief?
What happens if a member leaves employment?
Can members take their money out if they need it in the future?
What happens if a member has to retire early because of ill health?
What happens if a member dies before they retire?
Can a member use their Aviva executive pension plan as security for a loan?
What is the minimum term for setting up an Aviva executive pension?
How are contributions paid?
Can the member change how much they pay into their executive pension?
Can members help protect contributions against inflation?
As employer, do I have to act as Trustee?
What are my options at retirement?
Useful Documents
Expert advice
Want expert advice on pensions and retirement? Contact your Financial Broker today.
News articles

6 Mar 2023
How much income will I need in retirement?
It’s never too early to prepare for retirement. Many people underestimate their life expectancy, and run the risk of running out of money in their later years.

20 Sep 2022
Common Questions on Pensions in Ireland
In part one of our three-part Pension Plan series with Claire Louise Murphy, we discuss the common questions when it comes to pensions. Find out more!

20 Sep 2022
Draw down a pension
Three-part series, Claire Louise Murphy (Aviva Life and Pensions) gives expert advice on pensions. Part three draw down a pension.

20 Sep 2022
Different Types of Pensions in Ireland
Three-part series, Claire Louise Murphy (Aviva Life and Pensions) gives expert advice on pensions. Part two different types of pensions on offer.

15 Mar 2022
Approaching retirement
From taking on a new project to spending more time with the grandkids. We have a great list of things to do in retirement that are both productive and fulfilling.

20 Feb 2019
Your Pensions timeline in 6 simple steps
Retirement looming? Understand your options in 6 steps...

20 Feb 2019
5 good reasons to start a Retirement Bond
Thanks to healthier lifestyles, plus advances in medical treatments, people are living much longer these days...

20 Feb 2019
Your retirement checklist
If you are a member of a company pension, or if you hold your own personal pension, there are different options available to you...

20 Feb 2019
10 good reasons to start a pension
Choose how your money is invested and make changes whenever you like. And depending on your circumstances...

24 Oct 2017
Ireland's Pension Gap
The pension savings gap has increased by 38 per cent since 2010 and Ireland now has the second highest gap in eight EU countries surveyed.
Warnings
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. |
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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.