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I have a similar problem with funding a Zurich PRSA. Made two contributions at the start of Feb to use up last years funding threshold. One was applied immediately and I had the PRSA1 within a week. The other one still hasn't been made- only response from them is a short note saying, yea, we got...

Can't see the SFT being increased at all, although I expect some sort of fudge/exception to be put in place for senior civil/public servants to overcome the problem of e.g. senior Gardai not going for promotions because their pension funds would exceed the SFT.

Not as bad as I thought so. Thanks MugsGame & Dave Vanian

Still waiting on the leaving service options letter from the pension administrator but was hoping to be allowed to keep my own contributions in the fund or transfer them to my new employers scheme… will be totally sickened if I not only lose the employer contributions but also half the tax...

I’ve left my occupational Dc scheme with less than two years service. Former employer will be clawing back their contributions. It is what it is. My question is how is the refund amount calculated- they paid in (say) 10k, with growth over 18 months or so that’s now worth 14k. Will the clawback...

Hi, piggybacking on this thread rather than starting a new one, because my question is related.... I may be changing jobs in the next few months from one PAYE role to another. The new one is with a small company and, without going into the details, I expect there will be significant leeway for...

I have both a personal PRSA (a hangover from an old job) as well as a company DC scheme where the company and I both make contributions. I wanted to make an AVC for 2022 into my PRSA, but my company scheme admin is adamant that since only one pension (the company scheme) is linked to my...

Thought exactly the same myself. Realistically a 7 seater going to be required to fit everyone & their stuff. Doesn’t have to be new or overly expensive though, although cars both new & used have become really expensive in the last couple of years

I would be very, very, very careful about renting out my PPR for a year. If I were you I’d be spending a chunk of that projected 60k on good legal advice to make absolutely sure you can come back and live in it in a years time… I’m a homeless homeowner’: The apartment owner who is now couch...

Hi Most of the previous comments above are accurate. I've had a small amount of money in the Davy scheme every year since 2014- except for last year when they were oversubscribed by early December and wouldn't take my contribution. So there's obviously a demand for it. Over the years there...

I wouldn’t be so sure about KBC’s level of organisation or competence either. I’m waiting on them for the past 7 weeks for deeds, life policy documents and notices of no interest. They’ve ignored the last two emails I’ve sent. I can understand the staff there not giving a monkeys curse about...

Have you kids? They’re expensive & need to be factored into your plans.

Ask AIB if they’ll sell you their Executive Corporate Visa card. €200 a year in fees but you get a PriorityPass card giving you access to loads of lounges worldwide (not just the few Aer Lingus ones) as well as AA HomeStart and a decent travel insurance policy.

Up to recently I had a job where my employer contributed 5% to my occupational pension scheme, which I didn't need to match. I stuck in the full 25% allowable for my age to claim the maximum tax relief. I've now started a new job where my new employer runs a PRSA scheme, contributing 7%. As I...

Exactly as Liam says above- my last mortgage bank managed to lose my original policy document, which mean requesting a replacement from the life assurer and a 6 week delay in switching as I couldn’t put the life cover in place with the new mortgage bank. Health has changed quite a bit since we...

Agreed it’s more of a tax saving venture than a true return-bearing investment. With the Davy fund, there have been a couple of communications to clients recently to say some client companies have gone bust due to covid19, as well as Revenue refusing to give qualifying status to some investee...

Minimum investment to the Davy/BDO EIIS fund is 5k. Bear in mind these are far from risk free- it’s a 5 year investment in Irish SME’s.

Would you consider asking UB to lend you the 30k as a mortgage at 2.3%, then increase your monthly repayments on that part of the mortgage to align it with the term of the personal loan the CU offered? So, pay less interest (2.3 instead of 9%) by increasing your mortgage payment for the 36/48/...

Depends on what your friend signed. If his investment was subject to the company meeting the EIIS qualifying criteria, then they will have to give back the money to the investor. There have been serious delays in getting Revenue approval- it’s likely the company isn’t bluffing about that...

Can you backdate the tax relief for more than one year? Say if you didn’t use up your full tax relief on pension contributions in 2016, could you make a contribution in 2018 & get the relief then? Or is the ‘backdating’ limited to only one year? (2017 for 2018)