The Irish Revenue SFT is currently at €2 million, this means that an individual can tax effectively build a pension fund in their working lifetime (both private and public sector up to this limit). If their fund is greater than €2m then they are liable to Irish Revenue at a chargeable excess tax rate of 40% on every Euro accumulated in their pension fund over this limit
Retiring to Ireland as a US citizen or returning as an Irish native can be an exciting prospect, but it also requires careful financial planning. We have seen a huge increase in former Irish emigrants who left Ireland in the 1980’s & 1990’s looking at returning to Ireland as a safe place to live or retire. It’s important to consult with someone in Ireland who specialises in this area to ensure you structure your finances in a way that is favourable on both sides of the Atlantic.
In February 2024, stock markets mostly rose, with the S&P 500 and Nikkei index up, but the FTSE 100 fell due to the UK’s recession. UK inflation is expected to fall, with interest rates possibly dropping by 2026. Foreign ownership of UK companies hit 60%, raising concerns over acquisitions. Nvidia’s market value soared by $700 billion, emphasizing AI’s allure. Smaller tech firms may outperform larger ones in 2024
Inheritance Tax in Ireland (IHT) might not be something that comes to mind at first when you are arranging your finances and planning your retirement but…
A mixed January ended on a negative note for equities as investors responded to US Fed chair Jerome Powell’s reiteration that a March interest rate cut was unlikely. Longer dated bonds also succumbed to selling pressure.
Whilst any younger readers (< 40yrs) can be excused for taking a passing interest to their annual Pension statement, those over 40+ should take a greater ‘hands-on approach’ to managing and reviewing their annual Pension statement.
Investor sentiment suddenly became positive in November, based on expectations that central banks are winning their fight against inflation and are likely to start reducing interest rates as early as the second quarter of next year. The tech-heavy Nasdaq led the charge, breaking a three month losing streak with a 10.8% advance, making it the strongest month this year.
For Business owners of established companies and their spouses, a PRSA pension is the most flexible and tax efficient pension in the Irish market.
The UK pension landscape is constantly evolving, and it’s crucial for individuals to stay informed about the latest changes. In this blog post…
Stock markets struggled for a third consecutive month as concerns persisted regarding the potential impact on the global economy from interest rates remaining higher for longer in the face of still strong activity in the US. In particular, rising yields from longer-dated bonds made it a tough month for both equity and bond investors.
