Executive Benefits Limited

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Flexible Pension Plan The Engineer's & Technician's Flexible Pension Plan from Executive Benefits Limited is a modern, new pension plan. It has been specially designed to meet the particular pension planning needs of today's engineers and technicians with: Total contribution flexibility No penalties for stopping and re-starting your contributions Minimum charges Fully transparent charges Full income tax relief on your contributions Tax-free growth on the build-up of your fund Choice of excellent fund management and investment funds Special investment terms for members of Engineers Ireland Strong savings discipline The Engineer's & Technician's Flexible Pension Plan is presently underwritten by Irish Life plc, New Ireland Assurance plc (part of Bank of Ireland) and Eagle Star/Zurich Life - three of the largest and most successful investment companies in the land, giving you a wealth of pension expertise and experience. There are various modules in the plan as follows: Personal Retirement Savings Account (PRSA): This is a relatively new type of pension plan. It is very flexible and portable. PRSAs can accept contributions from you, and from your employer. You can even contribute if you are not working (and carry forward your tax relief). Your contributions are fully deductible against tax. Personal Flexible Pension Plan: Suitable if you are self-employed and taxed under schedule D. Also suitable if you are working in non-pensionable employment. For example, if you are working for an employer who has not set up an employee’s pension scheme, or a contract engineer. Executive Flexible Pension Plan: Suitable if you are a company director and you wish to set up your own pension scheme, or for companies who wish to provide pension benefits for some or all of their employees. Additional Voluntary Contribution (PRSA-AVC) Flexible Plan: Suitable if you are a member of an existing occupational pension scheme and you wish to top-up your benefits. Tax: Pension contributions are fully deductible against your income tax bill, within certain generous limits. Future-Proofed: The unique structure of the Engineer's and Technician's Flexible Pension Plan allows you to stop and re-start your pension contributions without penalty. This means that if the legislation changes at some stage in the future which allows for the introduction of an even more flexible pension, you are free to stop your Engineer's Flexible Plan secure in the knowledge that you are not being penalised for doing so. Your Engineer's Flexible Pension fund will continue to be fully invested and will be available to you at retirement time to supplement your other pension benefits. In other words, the Engineer's and Technician's Flexible Pension Plan gives you the best of both worlds - it gives you the best of today's plans while allowing you easy access to the best of the future's plans. Executive Benefits Limited is a Corporate Affiliate member of Engineers Ireland.