Category: Pensions

Helping you on Life's Financial Journey

Age to qualify for the State contributory pension could rise to 69

An article in today’s Independent.ie stating that the “Irish Fiscal Advisory Council has suggested the age to qualify for the State contributory pension could rise to 69 by 2035 and that Controversial proposals to increase the age at which people qualify for the State pension have been backed by the State’s budget watchdog.” This should…
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ARF v Annuity

The ARF v Annuity discussion is one we have many times with clients and impending retirees. Firstly, it is important for you to understand the merits & flaws of both retirement options and then match your long term retirement and legacy plans best to each product. The most complex part of retirement planning is the…
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What does the market slump mean for my pension?

There has been losses on global stock markets over the last few weeks predominately relating to the Covid-19 outbreak. With the amount wiped off global shares now heading into the trillions, concern is growing about the longer-term impact the virus may have on share values which will have an impact on your longer term investments…
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Retirement Planning

One of the key benefits of saving for your retirement is the tax treatment of pension returns compared to other investments. See below: Investment Funds = Exit tax 41% Deposits = DIRT 33% Equities = CGT 33% Rental Income = Income Tax 20% or 40% plus PRSI & USC Pensions = Tax free Returns So…
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Personal Savings

Are you doing enough to support your employees in their future financial wellness?

“To retire with a private pension of €19,500 a year – which is half the average industrial wage – at at age 68, you need to save a fund of €463,900. The cost of saving to get to the same final amount almost doubles every 10 years you delay saving” Employers – Are you doing…
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