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Given your age and the presumption that you won't need to access the ARF for 10-15 years, I'd lean towards a higher risk level with a strong equity element. You can review it after several years depending on your personal circumstances and risk appetite. This is what I'm doing but that's my...

Show them the quote for the 12 panels and say that you'll pay it plus the extra 3 panels at €300 each? That's the same as quote of 17 - (300*2)?

The AVC amount that you can Tax Relief on is dictated by your age at the end of the year in question. Its not restricted to the amount that you pay tax on at 40%. Limits here - https://www.revenue.ie/en/jobs-and-pensions/pension/relief/tax-relief-limits.aspx If you were aged 60 or over on...

A few other things to consider: A non-financial issue to consider is the ages of the children and the possibility that they won't want to go to the same place each year during their teenage years. They may also have sporting or other commitments that limit the time spent abroad? Making a...

If you make the AVC before the end of October (rather than year end) you may have the option of availing of the previous years Age Limit Tax Relief if you haven't already maxed your previous contributions. You'll probably need to complete an AVC form from your pension provider which includes...

I personally prefer keeping them separate as you have flexibility to access the previous one whilst still working. This could allow access to the Tax Free Lump Sum earlier which is a nice option to have. You retain options separate from your new scheme.

I was contributing to my current pension but wasn't in a position to maximise my Income Tax Age limits. I had 4 older PRBs/PRSAs so had the flexibility to 'retire' one of them to benefit from the 40% tax relief on the lump sum. I may retire the others if I think that I'll be able to retire at 60...

Scenario 1A gives you a "free" pension boost of €6k which then gets to compound tax free. Depending on what fund(s) your pension is invested in, it may grow slowly in a conservative, low risk fund or faster in a more volatile, higher risk fund depending on your risk appetite and your investment...

I did a very similar version of this last year aged 55 and I think it made sense. I'm not clearly following the numbers above so below is my version. I was unable to maximise my contributions from Income so cashed in an old PRB from previous employment of approx. €100k. I put approx. €75k into...

Wrong link? Goes to Revenue site. I'm in a similar position to @faketales and claim the flat rate expense based on needing office and site clothes.

Was this previously described as?: "They have a minimum of 26 paid A contributions in the year of their 62nd birthday and also a minimum of 26 paid A contributions in the year of their 61st birthday."

Can you clarify the issue of starting the ARF and it disqualifying one for JSB - is this affected by the Imputed Distribution from age 61? I retired a PRB to an ARF at age 55 to access the Tax Free Lump Sum. I continue to work in other employment. Does this prevent me from accessing JSB in the...

I can get to the Pension Planet webpage ok but then get the following message: "Your Pension Planet Interactive account is now a part of our new portal, MyIrishLife. You will find all your Irish Life plans there. Go to MyIrishLife" I can then access my details on the new MyIrishLife portal.

I think that site is retired? I get a link to the new Irish Life pension site when I try to access it.

Thanks for the quick feedback elcato By moving 25k into my current pension as AVCs I think I'm entitled to claim back 40% of it from the Income Tax I'll have already paid at source as I'll be below the age-related earnings percentage limits? I'm currently only contributing 15% of Income but am...

I'm thinking of 'retiring' an old DC Pension Pot that I have from a previous employment so as to use its Tax Free Lump Sum to maximise my contributions to my current DC scheme and I'm hoping to get some feedback here on if this makes sense. I'm aged 55 this year, earning approx. €95k p.a. and...

An alternative would be to receive the bonus through the normal payroll channel and to separately make a lump sum AVC (of some or all of it) to your pension provider. You can backdate this into last years Pension if you do it before October and immediately claim back the associated tax...

Thanks ClubMan. They look like the appropriate forms. I'd be a bit anxious engaging with 'Uncle Sam' so was also hoping for a bit of comfort from anyone who'd been through the process :). We'll give it a go anyway.

Hi again, Just enquiring again about any advice on claiming back US tax deducted from my now 16 year old son or potential Irish Credits he could carry forward . Its been a good year for him and he's earned over $10k in prize money but had 30% withheld. Anyone here know anything about US Tax...

Apart from the longer breaks (e.g. Christmas, Halloween, Easter etc.) is it normal for Substitute teachers to sign on in between placements? I see that if you claim Jobseekers Benefit (JB) for a period, sign off and then claim JB again within 26 weeks, your claim may be linked to the earlier...