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    DB Pension at age 50

    For anyone looking at potential DB transfers, the Discount rate to used to value the transfer is very penal for anyone who is ten years or more away from retirement. If it were possible to keep the DB pension until you were closer to retirement at age 65 then the transfers should be better due...
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    Timid investor 51 years old - long term investment plans

    "Can I retire?" A hugely important question, but one that can readily be answered. Pay a fixed fee for a comprehensive financial plan for you self and your family. Done properly it will provide clarity and hopefully the comfort and confidence that you are looking for re this important...
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    Large Sum Short Time

    Or select an AAA rated Money Market Fund, which offers full liquidity and returns after all fees etc are above 3%. Tax will be at Exit tax at 41% versus DIRT but you are still much better off. After 6 months on €900k after tax you will have earned an additional €5,700 on the €900k. Better in...
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    Case study Pension Retirement options & Costs

    We had a case recently with a Mercer administered retirement, and on review of the annuity offered we could source an open market annuity that provided an additional annual income of €1,028 per annum on a fund of approx €336k. Be careful with any annuity quotes provided by large pension...
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    FT: Irish Banks Passing On Just 7% of Rate Gains To Depositors. Worst in Europe.

    Our firm previously had a relationship with Deutsche Bank in Germany to open bank accounts for Irish individuals and companies. We are now seeing interest from Irish customers again. We have been in discussions re reestablishing this service. If Brendan allows it I can update if/when it is...
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    Early retirement pension queries

    To defer drawdown you can transfer all the DC benefits to several PRSAs, once you have left employment. Then you choose to draw down the benefits on one/some or all of the PRSAs when it suits. Once you have taken the tax free cash amount from a PRSA it becomes a vested PRSA and works like an ARF...
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    Early retirement pension queries

    Hi answers below in bold My specific questions are: 1. Can I access Tax Free Lump Sums from any of the DC funds in 3.5 years to pay off my mortgage (once the low interest fix period expires) without setting up ARFs and getting into the 4% draw down requirement while I'm still working ? No if...
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    Upcoming redundancy and pension decisions

    New Ireland and Aviva currently , though there is talk that Standard Life will soon also be at this level or below. The firms with larger market share such as Irish Life and Zurich appear to be trying to hold the line at 1% charges on PRSAs. A mistake in my opinion. Having recently reviewed...
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    Upcoming redundancy and pension decisions

    Just FYI PRSA charges in other companies are now substantially lower than Zurich. e.g 0.5% p.a compared to 1% in Zurich. I would ask the broker why they are recommending the more expensive option.
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    Upcoming redundancy and pension decisions

    Hi Rollingstone, A couple of points to consider. Re your fork in the road situation - yes moneymakeover might help but a full financial review on a fixed fee is probably going to give you more clarity and confidence for a big decision that can have life long consequences PRSA costs - now can...
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    Moving UK pensions to Ireland

    Hi there, I suppose the key points are as follows. If you transfer the UK pensions you can access them if you are over 55 and You ceased being a tax resident for 10 years You can transfer the UK pensions but not access them without any restriction on the number of years you have ceased being a...
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    Need to start PRSA with 100k by end of this month, recommendations?

    Hi Aladdin, Once you have decided that the executive pension route is best for you and your spouse then I suggest your logical next steps to be as follows; Look for Executive Pensions with competitive charges The charges include any initial charge on contributions and you really should be...
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    Wealth Management - How to Invest €6M - Where to Get Advice

    Hi Always Learning, I hope you are finding some of the comments and advice helpful and its always good to see someone who is prepared to do a proper review and due diligence on their options. If I may add a couple of comments. Financial Planning where you pay a clear and fixed fee is the...
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    Director Pension - Fees

    While ITC/Conexim is a reasonable solution to what you are trying to achieve, there is a simpler and more cost effective option. How does this sound? Vanguard passive Global Equities, US S&P, Euro Govt Bonds with a TER of 0.42%. Eurozone Equities marginally more expensive at a 0.43% TER. A...
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    Should i move my pension from a share based to Irish Life managed fund.

    I suspect that your Cantor pension fund is a self administered pension where you have a sepqrate pension Trustee. If you move to an Executive Pension with any of the life companies then in most cases they or an affiliated Trustee company can fulfil the Trustee role for you. For a sizeable pot...
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    Key Post Most tax-effective way of taking profits and cash out of a company

    Hi Brendan, yes I can provide a outline case study to illustrate some of the key points for consideration. I generally agree with your point that this type of approach resonates most with those in 40s/50s who can see a realistic timeline for exit/sucession planning. Interestingly we have some...
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    36 - huge mortgage

    As the OP has the benefit of a PAYE job and a Ltd company, there are options to build up reserves in the company and look at options such as Entrepreneurial relief, Retirement relief , termination payments pension funding, and liquidation at CGT rates etc to get funds out of the company in a...
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    Key Post Most tax-effective way of taking profits and cash out of a company

    As the OP has the benefit of a PAYE job and a Ltd company, there are options to build up reserves in the company and look at options such as Entrepreneurial relief, Retirement relief , termination payments pension funding, and liquidation at CGT rates etc to get funds out of the company in a...
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    36 - huge mortgage

    Thats a good question Brendan, I will try to get info from the companies that offer incoem protection. Vincent
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    36 - huge mortgage

    Sorry Brendan I dont agree that life cover is bad value. An indicative quote for dual life cover ( pays out on both lives) for a 20 year term where the amount of cover decreases each year is approx €83 per month for non smokers. This is the type of cover that suits those who want to look after...
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