State Pension
Understanding whether you are eligible for a state pension can be daunting. Our team of experienced accountants specialises in helping clients determine their eligibility, ensuring that you receive every entitlement you are due. We also provide detailed advice on pension contributions, helping you understand how to maximise your future pension income through additional voluntary contributions (AVCs).
Detailed Pension Forecasting
Knowing what to expect in retirement is key to financial security. We offer comprehensive pension forecasting services that allow you to see exactly how much you can expect to receive from your state pension, based on your current contributions. This service is tailored to individuals at every stage of their career, from those just starting out to those nearing retirement. Our forecasts consider factors such as:
-
Years of contributions
-
Breaks in employment
-
Expected retirement age
-
Additional voluntary contributions
By having a clear forecast, you can make informed decisions about how to manage your finances leading up to retirement.
Advice on Retirement Age and Pension Planning
Choosing the right retirement age is a significant decision that can impact your state pension. Our consultants provide personalised advice to help you determine the most beneficial time to retire, ensuring you can maximise your state pension income. We also offer detailed pension planning services, helping you integrate your state pension into a broader financial plan that includes private pensions, investments, and savings.
Specialised Services for Businesses
We don’t just help individuals – our state pension services also extend to businesses. Whether you’re an employer seeking to understand your obligations regarding pension schemes or you need assistance with offering state pension advice to your employees, we can help. Our team works with businesses of all sizes to ensure compliance with pension regulations and to provide accurate, actionable advice.
-
What services does OCMC Accountants offer related to state pensions?At OCMC Accountants, we provide a range of services including state pension eligibility assessments, pension forecasting, advice on pension contributions and retirement planning. We also assist businesses with pension compliance and employee pension schemes.
-
Do I have to be based in Dublin to use OCMC Accountants' services?No, while OCMC Accountants is based in Dublin, we offer our services nationwide. We use phone consultations, video conferencing, and secure online document sharing to provide our services to clients across Ireland.
-
How do I know if I am eligible for the state pension?Our team can help you determine your state pension eligibility by reviewing your contribution history and current circumstances. We ensure that you understand whether you qualify for the pension and what actions you might need to take to become eligible.
-
What is pension forecasting, and why is it important?Pension forecasting is a service that helps you estimate how much you will receive from your state pension upon retirement. It’s essential because it enables you to plan effectively for your financial future, ensuring that your retirement income will meet your needs.
-
Can OCMC Accountants help me decide the best age to retire?Yes, we provide expert advice on choosing the most beneficial retirement age based on your unique financial situation. We take into account your pension entitlements, contributions, and other financial factors to help you make an informed decision.