More Than Half Of Us Are Expecting To Retire After 65

By |2023-03-10T10:44:29+00:00March 10th, 2023|Pensions, Retirement Planning|

More than half of workers expect to stay in employment beyond the usual retirement age of 65, a new survey has found. But working longer will lead to a higher State pension, under proposed new rules. Major changes to the State pension, described as the "biggest ever structural reform" of the system, were proposed in September

Auto-enrollment given Government Greenlight.

By |2022-10-10T10:08:23+00:00October 10th, 2022|Pensions, Personal Finance|

HUNDREDS of thousands of workers are set to benefit from a new pension scheme that has been finally agreed on by the Government. The much-delayed auto-enrolment scheme is expected to be introduced in the year after next. It has been decades since the idea for such a scheme was first mooted. Close to one million

Womens’ pensions hammered by divorce, maternity leave and time-out as carers

By |2022-09-23T11:27:16+00:00September 23rd, 2022|Pensions, Retirement Planning|

Women who get divorced, take extended maternity leave or time out of the labour force as caregivers face a higher risk of poverty in old age, Insurance Ireland has warned. The group has called for a reform of pension and tax law to make sure women’s pension pots – which are estimated to be a

Pension prep: 5 things to do in drawdown (when you retire)

By |2022-08-30T14:40:01+00:00July 18th, 2022|Pensions, Retirement Planning|

1. Cash Flow Analysis Cash Flow Analysis will help you check where your money goes and plan for how you want to spend throughout your retirement. In retirement, your cash flow needs are unlikely to remain the same over time. In the early years of retirement, you may want to travel and have adventures. In

Pension prep: 5 things to do when nearing retirement

By |2022-07-15T09:04:20+00:00July 15th, 2022|Pensions, Retirement Planning|

1. See an adviser On-going engagements with your financial planner could make all the difference to the direction of your retirement. While an adviser cannot change the basic retirement maths of 'the more you’ve put in, the more you’re going to get out', they can help ensure that you're on the right track and will

Pension prep: 5 things to do in pre-retirement (age 44 to 55)

By |2022-08-30T14:40:57+00:00July 14th, 2022|Pensions|

1. Think about the type of retirement you want In order to plan effectively, you need to understand your likely financial needs. This is not pounds and pence, but a broad brush idea of how much you'd like to travel, whether you'll still have any dependents and whether you will keep some element of paid

Pension Prep: 5 things to do in the Accumulation Stage (age 18 to 44)

By |2022-07-13T13:09:33+00:00July 13th, 2022|Pensions|

1. Save as much as you can as early as you can afford It's difficult when there are so many competing demands on your salary, but money saved today is worth two or three times as much as it would be if you put it in your pension 20 years from now. €1,000 invested at

International Pension Transfers

By |2022-06-17T09:35:50+00:00June 17th, 2022|Pensions, Retirement Planning|

This article provides a broad over-view of how Irish Pensions Arrangements can be transferred to Overseas Arrangements. Occupational Pension Schemes and Personal Retirement Savings Accounts (PRSA)* can be transferred to similar arrangements elsewhere in the EU under the IORPS II legislation. *There is a tax charged on transfers pertaining to PRSA’s and it may not

The government’s launched a plan to auto-enrol workers for pensions – here’s how it will work

By |2022-03-31T11:04:36+00:00March 31st, 2022|Pensions|

The Government’s New auto-enrolment pension scheme was approved earlier this morning and is set to come into effect in early 2024 for approximately 750,000 workers across the State. The scheme has been in the works for several years and was initially planned to come into effect this year but was delayed due to the Covid-19

If I leave my job, what happens to my pension?

By |2022-03-21T12:18:56+00:00March 21st, 2022|Pensions|

Most of us are encouraged to commence or join a pension scheme at the earliest opportunity.  This is good advice, with those at or approaching Pension age strongly endorsing such a view. However, with a more mobile workforce, what happens to my pension should I leave employment is a question being asked on a more

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