PRSA the Future Pension contract of choice?

By |2024-02-02T10:15:13+00:00February 2nd, 2024|Pensions, Retirement Planning|

Personal Retirement Savings Account or PRSA’s were introduced in 2003 where for the first time Employers were obliged to offer a PRSA facility to their employees. The product was rolled out by  insurance companies however given its overall structure and remuneration incentives, its uptake was extremely low. Pension changes in 20 years since the launch

Supreme Court to rule on man’s exclusion from widower’s pension scheme

By |2024-01-26T09:39:26+00:00January 26th, 2024|News, Pensions, Retirement Planning|

The Supreme Court will give judgment on Monday on a significant constitutional challenge by a bereaved unmarried man and his three children over their exclusion from the widower’s contributory pension scheme. The decision by the seven-judge court could provide guidance on the extent to which the constitutional protection for the family applies to families not

Changes to the State Pension (Contributory) in Ireland

By |2023-11-13T11:06:27+00:00November 13th, 2023|Pensions, Retirement Planning|

With effect from the 1st of January 2024, changes to the State Pension (Contributory) are being introduced. This is because today in Ireland, people are living longer, are healthier and lead more active lives resulting in more people availing of state pensions for longer. These changes include: improved access to state pensions provision for long-term carers better

Everything you need to know about pension contributions

By |2023-10-27T09:39:23+00:00October 27th, 2023|Pensions, Retirement Planning|

Q1: I’m self-employed. How much can a pension contribution reduce my tax bill by? A1: If you are self-employed and pay tax at 40 per cent and you make a pension contribution of €10,000 then this will reduce your tax bill by €4,000. Q2: Is there a limit to how much of my earnings I

PRSA Contributions – Points You Need to Consider

By |2023-10-31T11:42:51+00:00October 6th, 2023|Pensions, Retirement Planning|

This blog outlines a number of points to keep in mind the following points when setting up and contributing to a PRSA: Whilst the ability to make large contributions to a PRSA appears to be here to stay, it is worth speaking to your financial advisor about this opportunity now.   Excess fund tax is

How to Invest Through Retirement

By |2023-08-25T09:58:05+00:00August 25th, 2023|Financial Planning, Retirement Planning|

If you had a defined contribution (DC) or “pot of money” type pension prior to the introduction of Pension Freedoms in 2015, you generally had to use the money to buy an annuity paying a guaranteed income for life. That route provided security and peace of mind. However, annuities are inflexible, provide poor value (£100,000

How Different Countries Confront The Retirement Challenge

By |2023-07-14T09:43:28+00:00July 14th, 2023|Pensions, Retirement Planning|

Investors in many markets are facing a common challenge: increasing responsibility for building savings to meet their needs in retirements that are lasting longer.   The fuel behind this fire comes from multiple sources: public or social security pensions often provide no more than a basic retirement income, fewer companies are offering defined benefit schemes to

Most people aim to retire by 60 but are unlikely to have the finances in place

By |2023-05-19T08:30:21+00:00May 19th, 2023|Retirement Planning|

Most workers would like to retire at 60, with others eager to leave employment at an even younger age. But one in 12 say they never want to fully retire, according to a survey commissioned by insurer Royal London Ireland, and carried out by iReach. The research found that six in 10 workers would retire

Want to Invest Successfully? Stop Trying to Make Sense of It

By |2023-05-05T09:44:13+00:00May 5th, 2023|Investment Planning, Investments, Retirement Planning|

Just over a year ago, Russia invaded Ukraine, an appalling act rightly condemned by the world. In the immediate aftermath, experts weighed the economic impacts, with many projecting sharply higher commodity prices. The prediction made sense: a Russian oil embargo would crimp supply, sending prices higher, or so the thinking held. What happened? Brent crude-oil

Planning for the new retirement in five steps

By |2023-05-05T09:24:35+00:00April 28th, 2023|Pensions, Retirement Planning|

Planning for retirement isn’t what it used to be. The good news? We’re living longer. The not-so-good news? Inflation is at historic levels, and healthcare costs continue to increase. What does that mean? You need to save more for retirement than your parents did. Follow these five tips to help make your future a good

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