Planning For Retirement After decades of working and saving, you can finally see retirement on the horizon. However, there are a number of things that you must know or do before retirement. If you are planning to retire in a few years, you should consider taking these steps today to help ensure that you have […]
What is an Executive Pension ? This is a Revenue approved tax-exempt Pensions savings scheme suitable for a business owner/ Director and key employees of a limited company who wants to build a retirement fund from surplus company profits and reserves. Why choose an Executive Pension (EP) for Wealth Extraction? For Whom is Executive Pension […]
Retiring in Greece: Some pointers for Irish retirees Retiring in Greece In recent years Greece has become a popular retirement destination for many Irish and Northern Europeans. Greece has a very attractive climate, with hot summers and mild winters, together with delicious food, a thriving local culture, and an abundance of historic architecture. Residence Permit […]
Financial Advice For Couples
Financial Advice For Couples Why €400k is an Optimal Private Pension Fund for a Married Couple in Ireland A question I am often asked about financial advice for couples is what sum we should target in our pension funds at our expected retirement at 65 years age. When I reply that an optimal joint Pension […]
Estate Financial Planning – All You Need to Know Estate Financial Planning also known as Inheritance Tax Planning is the act of preparing for the transfer of a person’s wealth and assets after their death. All assets, not limited to but including, life insurance, pensions, property, cars, personal belongings, and debts are all part of […]
Believe it or not there is such a thing as Sudden Wealth Syndrome (SWS) and if you’re reading this, you may be wondering how to manage sudden wealth. I can imagine that many would want to catch this syndrome – it is definitely one of the better ones to get, in the grand scheme of […]
If you are 50 years of age or over and hold a Defined Benefit (DB) Pension, chances are you are paying more and more attention to your annual Pension statement. You may be wondering, are pension transfer values going up? The Transfer Values (TV) of many DB Pension schemes have increased materially in recent years, […]
Could your Defined Benefit Pension be worth more than your home? Estimating the Transfer Value of your Defined Benefit (DB) Pension Scheme If you are fortunate enough to have a Defined Benefit Pension Ireland, you will have seen your transfer value increasing in the past few years. There is no simple way to calculate the […]
Transferring a Personal Retirement Savings Account overseas We’ve previously written about moving Irish pensions abroad. While Personal Retirement Savings Accounts (PRSAs) are covered by the legislation allowing for the transfer of PRSAs overseas, there is an omission in the legislation which causes a tax issue on their transfer. The short version is that a PRSA […]
All you need to know about Pan European Pensions Product (PEPP) in Ireland As Europeans, Irish residents will soon be able to benefit from a new EU wide retirement saving plan known as a Pan European Pension Product. The PEPP Regulation was published on 25 July 2019 and in August 2020, the European Insurance and Occupational Pensions […]