Helping you on Life's Financial Journey
As had already been announced by Government, legislation was passed to keep the State Pension age at 66. There is now no provisions in legislation to trigger a future increase of the State Pension age to 67 from 01/01/2021 and to 68 from 01/01/2028. New legislation will need to be passed if the State…
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It’s coming towards the end of the calendar year and for lots of businesses, the end of their financial year also. If you are a company owner or director, you have substantial scope to extract cash reserves from your company and turn these reserves into personal wealth via retirement planning.. specifically, Executive Retirement Planning. What…
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Some scary statistics from Irish Life in this recent article! The average pension fund size at retirement for their pensioners is just €58,000. The pensions were so small that 60% of retirees were able to take the entire amount as a once-off tax-free lump sum, leaving nothing in their pensions to provide a regular income…
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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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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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