Changes in the State Pension

By |2024-03-08T10:30:03+00:00March 8th, 2024|Pensions, Retirement Planning|

FOR some the State Pension, at about €14,500 pa, will be an important source of income in retirement. Significant changes in when the State Pension can be claimed apply from 1st January 2024, and from 1st January 2025 the way in which a new State Pension entitlement is calculated will be changed. A new option

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 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

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

Holly Cairns’ comments begged the question – will the next generation ever be able to afford to retire?

By |2023-03-24T10:33:56+00:00March 24th, 2023|Lifestyle Financial Planning, Pensions, Personal Finance, Retirement Planning|

When Holly Cairns claimed during her opening address to the Dáil as the new leader of the Social Democrats that she comes from the first generation that will be financially worse off than its parents, spats ensued on social media between baby boomers recalling the economic hardships of the 1970s and 1980s and younger generations who face

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

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