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
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
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 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
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
It’s important for everyone to have a plan in place so that their standard of living doesn’t fall when they retire. While women generally live longer than men, they are less likely to have adequate income in retirement. Women generally end up with smaller pensions than men and one of the reasons for this is
The 31st of October for manual returns and the 12th of November for Revenue On-line System (ROS) returns are the two dates to look out for this year. Up to these dates, Self-Employed and PAYE Employees can gain valuable tax breaks by making lump sum payments into pensions, backdating these payments into the 2018 tax
Smart Finance ConnectionsWe work to give our clients the best possible advice tailored to their circumstances. We have a wealth of financial planning expertise and experience to share. We are a local business who can provide expert financial advice in a wide range of areas.We would welcome the opportunity to discuss the services we can
Financial Resolutions for 2018 1. Review your Finances and consider making your Lifestyle Financial Plan. The start of the New Year is a great time to give yourself a financial health check as this allows you to gain or in some cases re-gain greater control over your finances over the next twelve months and
