Category Archives: Pensions

What Will I Live On When I Retire?

What Will I Live On When I Retire? Kieran Murphy of theinsurancedoctor.ie on what will you do for money when you retire on the Business Eye show. [button text="Get a Life Insurance quote now!" link="/income-protection/" style="default" size="normal" target="_self" display="inline" icon="no"] or call Kieran@theinsurancedoctor.ie
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Ireland’s ticking #pensions timebomb

On Monday, the CSO published fresh estimates of the proportion of Irish workers belonging to pension schemes. The estimates provided shocking evidence of the devastation wrought by the crash on workers' retirement savings and the huge potential liability confronting the Exchequer. The raw figures are bad enough. The proportion of Irish workers aged between 20…
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Spring review of your pension is a top ‘Declutter Priority’

No matter how hard every Irish government tries to ignore the pension problems we have in this country, or to pass the parcel to the next administration, they simply won’t go away. I attended at a major pension conference last week on the dire conditions of our state old age pension organised by the Society…
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What can I do to help reduce my tax liability?

Make a Pension Contribution PRSA’s or Payments to personal pensions  that are made by the due date for filing the 2015 tax return can be relieved against 2015 income tax liability. Whether you’re an employer or an employee, pensions remain one of the most tax efficient investments one can make.  Premiums paid by a self-employed person…
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Do you own a lost or over-taxed pension?

A major problem facing pensioners or those close to retirement is that people often can't trace a pension they believe they are entitled to. In some cases, pensions have been lost because records were destroyed after a change of pensions administrator, according to Mr Kenny. "In one case, the administrator for a pension scheme changed…
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Pensions industry calls for “long-term focus” on policy

The main thing it wants from the current crop of candidates for the Dáil is a bit of forward-thinking on retirement saving Pensions have always been a hard sell, and not as popular for political soundbites as more punter-friendly topics such as mortgages or income tax. For the pensions industry, the main thing desired from…
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Is Germany Doing Pensions Right?

  Germany often encourages much jealous muttering. The country found an easier path than most through the global financial crisis and it is now even touted as the world’s best nation (at least according to one survey). Besides stellar engineering and economic efficiency, the German model also stands for social equity. This “social market economy”,…
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Pensions still most tax efficient savings option

  The IFS compared pension savings with buying a house, putting funds into an Individual Savings Account (Isa), and investing in buy-to-let property. The main reason the other options were ‘pipped to the post’ by pensions was that, under auto enrolment, employers have to match employee contributions. As a result workers get a 60% boost…
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Public ‘unaware’ pension tax relief better than SSIA scheme

A Standard Life survey of 1,000 respondents shows 75pc don't know the State tops up pension contributions by up to 40pc for higher rate taxpayers. There are almost half a million higher rate taxpayers, according to the Revenue Commissioners. A single person, with no children, earning €33,800 a year or more is a higher rate…
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