From the Glossy Page Blog

Personal pension plans are one of the best investments to make

Tax relief on the money you contribute towards your retirement fund, which is subject to an annual limit, is one of the main benefits of taking out a Personal Pension Plan If you have €300 per month to pay into an Irish pension scheme and your marginal tax rate is 41 per cent, the contribution of €300 will only cost €177 per month as you receive tax relief on your full contribution each month. A pension is therefore one of the best investments a person can make, as there is no similar savings plan that provides such a good level of return. The earlier in life people start a pension plan, the more they will have saved for their retirement.