From January 2026, Ireland will introduce a State-run auto-enrolment pension system called My Future Fund, designed to ensure up to 800,000 employees without an existing pension start saving for retirement. This marks a major compliance change for employers as they will be compulsory required to make contributions into pensions for their employees. Who Is Affected?…
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Self-administered pensions allow pension investors to purchase properties via their pensions. Properties held fall under the categories of residential, commercial, industrial, or may be a combination of each of these held within syndicated pension funds. Is it appropriate for everyone, No. Are their restrictions, Yes. Is it complex, Just a little. Are their significant tax…
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BUSINESS OWNERS: Would you like to know more about the proposed auto enrolment scheme and how this may impact your business and employees?Register via the below link for our auto enrolment webinar hosted by Jim Stapleton CFP®, Head of Organisational Financial Planning here at Eolas Money. This webinar will provide business owners, HR & Finance Managers with…
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At the National Pensions Summit last February, Minister for Social Protection Heather Humphreys outlined the planned introduction of pension auto enrolment to be effective from 01st January 2025 and we now outline some key takeaways of Auto enrolment. Currently, only about 35% of the private sector workforce actively contribute to a supplementary pension scheme, and…
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Finance Act 2022 was passed on 15 December 2022 and the new BIK free employer PRSA contributions are now in force since 1 January 2023. A Brief Summary of the changes as follows: Prior to 01st January 2023, an employer contribution paid to an employee or Director’s PRSA was a deemed to be a Benefit…
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At Eolas Money, we want to help business owners make the correct financial planning decisions for themselves, their families & their businesses, now and into the future. As an established Financial Planning practice, Eolas Money has worked with business owners for well over a decade to craft and implement robust financial plans and business strategies…
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