<![CDATA[CUMMINS FINANCIAL SERVICES - Our News]]>

<![CDATA[CUMMINS FINANCIAL SERVICES - Our News]]>Wed, 23 Sep 2026 08:00:04 +0000Weebly<![CDATA[Are You Putting Enough Into Your Pension?]]>Tue, 22 Sep 2026 11:20:09 GMThttps://www.cummins-ins.ie/news/are-you-putting-enough-into-your-pension

During Pension Season, a lot of the focus is on tax relief — but there’s another important question to ask:
Is what you're contributing today enough to provide the retirement you want tomorrow?

It can be easy to set up a pension, choose a monthly contribution and then forget about it. But as your income, lifestyle and plans change, the amount you're putting away may need to change too.

Even increasing your pension contribution by a relatively small amount can make a meaningful difference over the long term. And qualifying personal contributions can benefit from Income Tax relief at your marginal rate, subject to Revenue's age-related limits and the €115,000 earnings cap.

For example, where full 40% Income Tax relief applies:
€100 into your pension could effectively cost you €60.
€500 into your pension could effectively cost you €300.
€1,000 into your pension could effectively cost you €600.

That means you're not only putting more towards your retirement — you're also making use of valuable tax relief available today.

Already contributing through your employer? You may also have scope to make Additional Voluntary Contributions (AVCs), depending on your existing contributions and Revenue limits.

Pension Season is a good reminder to look beyond what you're saving now and think about what you're building for later.

Small increases today can make a big difference to your future.

Tax relief is subject to individual circumstances and Revenue limits. Employee pension contributions qualify for Income Tax relief but not USC or PRSI relief

]]><![CDATA[Pension Season: Make Your Money Work Harder for Your Future]]>Tue, 25 Aug 2026 14:35:43 GMThttps://www.cummins-ins.ie/news/pension-season-make-your-money-work-harder-for-your-future

When we talk about pensions, it's easy to focus on retirement. But a pension can also offer a significant financial benefit today through Income Tax relief on your contributions.

Why contribute to a pension?

🔹 Build your retirement fund
Every contribution you make adds to the fund available to support you financially in retirement. The earlier you start, and the more consistently you contribute, the more opportunity your pension has to grow over the long term.
🔹 Benefit from Income Tax relief
Personal pension contributions can receive Income Tax relief at your marginal tax rate, subject to Revenue limits.
For example, where full relief at 40% applies, a €10,000 pension contribution could effectively cost €6,000 after €4,000 Income Tax relief.
🔹 Make additional contributions
Already contributing to a pension through work? Depending on your circumstances, you may still have scope to make Additional Voluntary Contributions (AVCs) and claim further tax relief. Existing employee pension contributions count towards your applicable limit.

One contribution. Two potential benefits.

Instead of looking at a pension contribution simply as money being put away, consider what it can achieve:
Tax relief today + more money invested towards your retirement tomorrow.

And with pension season approaching, now is a great time to consider whether you're making full use of the tax relief available to you.

Reduce your tax bill. Build your pension. Invest in your future.

]]><![CDATA[Pension Season is Approaching – Don't Miss Out on Valuable Tax Relief]]>Thu, 30 Jul 2026 09:50:16 GMThttps://www.cummins-ins.ie/news/pension-season-is-approaching-dont-miss-out-on-valuable-tax-relief

Did you know that making a pension contribution before the tax deadline could reduce your Income Tax bill while increasing the amount you're saving for retirement?

Pension contributions are one of the most tax-efficient ways to invest for your future. By taking advantage of the tax relief available, more of your money goes towards building your retirement fund.

Tax relief is available based on your age:

✔️ Under 30 – 15% of earnings
✔️ Age 30–39 – 20%
✔️ Age 40–49 – 25%
✔️ Age 50–54 – 30%
✔️ Age 55–59 – 35%
✔️ Age 60 and over – 40%

These limits apply to earnings of up to €115,000 per annum.

⏰ To claim tax relief for the 2025 tax year:

31 October 2026 – Standard filing deadline.
18 November 2026 – Extended deadline for those filing and paying online through Revenue (subject to Revenue's ROS extension).

By making a qualifying pension contribution before the relevant deadline, you could:

✅ Reduce your Income Tax liability.
✅ Increase your retirement savings.
✅ Benefit from tax-efficient long-term investment growth.
✅ Make your money work harder for your future.

A pension isn't just about retirement it's one of the most effective ways of building long-term wealth while benefiting from generous tax relief today.

The sooner you contribute, the sooner your money can begin working towards your future. Invest in your future. Benefit today. Build for tomorrow.

Tax relief is subject to Revenue rules and individual circumstances. Revenue limits and deadlines apply.

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