Our Charges Pension Plans In Ireland financial services, and pension plans in particular, have been 'dogged' for many years with hidden costs and excessively high charges/commissions and inappropriate sales tactics. One of PrimaFinance's objectives is to offer cost-effective financial products with "Rock-Bottom" administration/commission/set up fees, call it what you like. We outline in plain English exactly what we get paid for advising and selling financial services and products for Banks/insurance companies. Going direct to the Bank/Insurance company will in most cases cost you more than doing it through PrimaFinance. Pension Plans - Regular Contributions Primafinance charges/is paid a commission of 4% of your contribution in year one relative to the Industry average (Banks/Brokers/Tied agents etc) charge of 50% of your first years contribution/premium. Therefore, on a €4,000 pension contribution that represents a savings of €1,840 in year one. PrimaFinance is also paid a 4% commission from the relevant life assurance company on each subsequent year. This is the same as is charged by all Banks/Brokers/Tied agents etc. Primafinance receives the same commission/income from all pension/insurance companies, this is important, as it ensures that our financial advice remains completely impartial and our success is influenced by PrimaFinance selecting the most appropriate and cost-effective pension plan on the market. We advise and sell pension plans for nine different Bank/Insurance companies. Pension Plans - Single (once-off) contributions PrimaFinance charges/is paid a commission/income of 4% of your pension contribution. The industry average (Banks/Insurance Companies direct/Brokers etc) charge is 5%. On large once off pension contributions that percentage differential can amount to a significant amount, in money terms. PrimaFinance provides you with unbiased financial advice for all the main pension providers in Ireland. Our charges are the lowest in Ireland.