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    Thoughts on the Single Public Service Pension Scheme (SPSPS)

    This new Auto Enrollment is aimed at those not already members of an Occupational Pension Scheme. These are predominantly workers in Retail, Hospitality and those in SME's.
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    Pensions - KPMG calls for significant increases to SFT and TFLS

    Whilst I agree that the SFT needs to be increased, I struggle to understand why a public servant (or private) would refuse a promotion - with a higher salary and a higher pension benefit- just because a small portion of the increased pension might be clawed back over a 20 year period.
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    Advice needed re Prudential Ireland old pension policy.

    Prudential Life became Progressive Life and then in 1999 it merged into Irish Life (as part of the Irish Life/ Irish Permanent merger). So all Prudential policies are now managed by Irish Life. So write to Irish Life will policy details and they should be able to respond.
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    Contributory pension and IQA - ownership house

    Correct. Only assets in your name or 50% of jointly held assets (excluding family home) are relevant for the "means test?". The first€20k is ignored.
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    Almost 3 months since contributions applied to funds.

    APT or UNIO are brokers/advisors. They are not fund managers. So if the Employer transfers funds to APT/UNIO they have to then transfer the funds to the Investment Manager (eg Irish Life) for investment in the chosen funds. That said, a 3 months delay is somewhat worrying.
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    Preserved pension - how can I find out if I'm eligible?

    Whether the OP has any entitlement to a preserved benefit will depend on the rules of the particular scheme. This has nothing to do with Revenue or Social Welfare. The rules around compulsory preservation of benefits only came in in 1991 (I think). If you left employment before that date you...
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    Pensions - KPMG calls for significant increases to SFT and TFLS

    Many private sector employees are obliged to join pension schemes as a condition of employment -either DB or DC. So I don’t see the difference with public sector. “2 million quid” sounds a lot (and it is if you won it in the Lotto), but in pension terms (using a Revenue “multiplier” of c27:1) it...
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    Pensions - KPMG calls for significant increases to SFT and TFLS

    But senior public servants who do exceed the SFT can pay the excess of fund tax over a 20 year period by taking a slightly reduced pension (and the tax bill is waived if the member dies in that period). Private sector workers do not benefit from such a preferential deal. As for senior Gardai...
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    Thoughts on the Single Public Service Pension Scheme (SPSPS)

    Public /Civil Servants recruited after 6/4/1995 are typically Class A . Therefore they will be entitled to a Social Welfare pension in addition to any Occupational Pension.
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    Semi state fought a DSP D stamp ruling for its employees in the High Court and ruled in its favour on a technicality- What to do???

    Public service employees recruited after 6/4/1995 are generally Class A. Prior to 6/4/1995 are generally Class B or Class D.
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    Retirement and Social Welfare question

    Quite frankly, the HSE's administration of the Retirement Benefits is a disgrace, with retirees often having to wait up to a year before getting their benefits. If this happened in the private sector, the organisation would be challenged before the Pensions Ombudsman for maladministration. This...
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    My main Pension Fund matured (but now at 0% interest) but I will work till 65 (3 more yrs)

    You must draw down a minimum of 4% pa from the ARF (which is potentially taxable as part of your overall income). The minimum increases to 5% from age 71. But you can drawdown more than the minimum if you need to.
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    What investment fund to put pension pot in?

    With c30 years to go to retirement, ye both should be taking a long term investment view. That means 100% Equities. Yes it may be volatile at times, but historically Equities have been the best performing asset class over the last 100 years.
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    Should I leave money to my grandchildren in my will-pitfalls?

    The “inheritance” only kicks in after you die (you don’t mention your age). Perhaps by then you now 20 year old might have grown out of “fast cars”. But the others may only be approaching that phase . Perhaps it all comes down to how big your estate will be and how many children you have...
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    Post 1995 Supplementary pension query

    Ok, but I notice that you haven't addressed the questions I raised. We will agree to disagree
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    Post 1995 Supplementary pension query

    S Class Read what you posted #26 - "aged 62 and over you will no longer be required to engage with the activation process..." - the final part if #26 refers to those who might be working part time and claiming a partial JSB. They have to inform Intreo of days they work. So explain how a person...
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    Post 1995 Supplementary pension query

    Really? So if at age 62 - you don’t have to meet a case officer - you only have to sign on once a year can you explain how you are required to take part in the “activation process” (do you have to tell someone that you read the job vacancy pages regularly ), how you can only take two weeks...
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    Post 1995 Supplementary pension query

    “Jobseekers over 62 If you are over the age of 62 and receiving a jobseeker’s payment, you do not have to: meet with a case officer in your local Intreo Centre or Social Welfare Branch Office sign on monthly” Above is an extract from the Gov.ie website dealing with JSB. So what have I said...
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    Post 1995 Supplementary pension query

    I If you are referring to my post, well I do know what I am talking about. I suggest you read the rules for claiming JSB. They are clear. If the rules change, so be it. But the current rules are all we have to go on.
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    About to put €200k into a Zurich pension - is this fund mix 'OK'?

    “National Pensions Authority “ ?? The Pensions Authority regulate pension schemes. They do not provide individual advice re pension investments. The Indexed Top Tech is a very specialised fund (not very diversified ), but having said that it has performed very well over the past few years. But...
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