Best Personal Pensions Scheme
Flexible retirement savings with tax advantages
What is Tier 3?
Tier 3 is a voluntary, long-term retirement savings scheme designed to provide additional pension benefits beyond the mandatory Tier 1 and Tier 2 schemes. It offers flexibility and enhanced benefits for those planning their retirement future.
Who can Contribute?
- Formal sector employees seeking enhanced retirement savings
- Informal sector workers not covered by mandatory schemes
- Anyone looking for flexible retirement planning options
Objectives & Benefits
Reduce your taxable income with every contribution you make to your Tier 3 account.
Your contributions are professionally invested to grow over time, building your retirement wealth.
Access your funds after the minimum holding period with no tax penalties.
Contribute at your own pace and according to your financial capacity.
Enjoy tax-free withdrawals when you meet the minimum holding period requirements.
Why Choose Tier 3?
Approved Providers
NPRA-approved providers with strong historical investment performance.
Transparent Fees
Transparent and competitive fee structure.
Flexible Withdrawals
Withdrawal flexibility—lock-in period followed by access for life events.
Robust Fund Management
Robust fund management by licensed trustees, backed by regulated investment vehicles and compliance with NPRA guidelines.
Seamless Transition
Facilitates easy transfer of accrued benefits when changing employment.
Key Features
| Feature | Details |
|---|---|
| Voluntary contributions up to 16.5% | Combined employees and employers; tax-exempt |
| Tax-free withdrawals | After minimum 10 years continuous contribution |
| Diversified investments | Government bonds, equities, mutual funds |
| Critical-need access | Partial withdrawals are allowed |
| Licensed fund management | NPRA-approved trustees, fund managers, custodians |
Eligibility & Access
Open to both formal and informal workers, including self-employed and business owners.
Account Model
- (1) Retirement, (2) Personal savings—especially for informal sector participants.
Important Notes
All withdrawals must comply with the specific rules governing the Tier 3 scheme. Early withdrawals may be subject to penalties and tax implications.
Professional Advice Recommended
We strongly recommend consulting with one of our qualified pension advisors to understand how the Tier 3 scheme fits your specific retirement planning needs and financial situation. Contact us today to arrange a personalized consultation.
Next Steps
- Start Your Application
- Schedule a Consultation
- Download Information Brochure
Start Saving Today
Take control of your retirement planning with our flexible Tier 3 Personal Pension Scheme.