Answer: Currently 55, if you have a pension plan, you can normally start with your pension fund from the age of 55 if you want and don’t have to stop working. The Irish government is currently working on changing and increasing the retirement age (applicable to private retirement plans) to 58 from 2028
Answer: No, only Unemployment Benefit is available and in Ireland it is paid on the basis of the PRSI contributions paid.
Answer: Yes, a number of the companies offer add on benefits which are designed for this.
Answer: Yes, there are a number of investment savings plans available, but as investments can do down as well as up, better to get full advice first.
Answer: No, that is not possible. Probably better to have your needs review and possibly a new dual policy.
(Mariusz M) Answer: No, a new policy will be needed as decreasing terms policies are only for that term.