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CANADA LIFE ADVANTAGE PLUS

What does Advantage Plus offer me?

The Advantage Plus plan is designed as a simple and flexible way to provide for your retirement. You choose how much you want to contribute and how often. You have access to a range of funds covering equities, property, fixed interest and cash, each offering a different investment strategy and risk profile.

The Advantage Plus plan offers you:

  • the experience of investment professionals who are well positioned to identify good investment opportunities. Using professional investment managers allows you access to stock markets without the expertise needed for trading shares directly;
  • the flexibility to switch between a wide range of funds at any time during the life of your pension plan. At the commencement of your pension plan you may wish to invest in more volatile funds that offer greater potential for return. As you get closer to your retirement you may want to protect any policy growth and value by changing your portfolio to more secure funds.

Your pension plan will generally grow free of tax to ensure you gain maximum benefit from any fund growth. In addition the Irish Government will (subject to limits) help you to provide for your pension by giving you tax relief at your current rate of tax on the contributions you pay. This means that if you pay tax at the higher rate, every €100 you contribute to your pension will only currently cost you €59.

Information on the performance of the funds you choose, is currently available through:

  • weekly fund performance data published in
    national newspapers
  • annual statements specific to your pension plan,
    sent by Canada Life.