1. Contact a regulated Financial Advisor who is QFA qualified and is not a tied agent of any Life Office or Bank. The advisor will help you formulate a plan to build a retirement pot to provide for the lifestyle to which you have become accustomed, during your working life. He or she will consider your personal circumstances and advise you on the most suitable tax-efficient vehicle, to achieve this important financial goal.

A recent Brokers Ireland survey found that Irish people who sought financial advice tended to have bigger pension pots compared to those who did not (a whopping 55% difference). Also, they were more likely to understand the tax benefits, which many people find difficult to grasp.