Search results

Given the terminals aren’t connected to the internet, some part of the security “feature” in the BOI card automatically declines the payment. Happened to me recently and this was the explanation by the cabin crew. Might be accurate or might not.

Someone buying a house from a parent at a discounted price is straight forward enough. Just don’t ask the Bank to agree to any right of residence and I can’t see any problem (assuming all other mortgage criteria are also met). If the Bank can‘t repossess and sell a property in the event of...

Same as my wife’s company so (Irish domestic). It’s some perk in fairness.

Hi Sue Yes it’s VHI. The health insurance offering is a new benefit from the (large) company for employees. The agent explicity stated that the plan could be upgraded in future for a short period to cover a procedure or hospital not covered under the regular plan and no waiting period would...

Hi Folks My wife has a corporate plan through her employer and a feature (as explained by the agent) is that you can upgrade to any plan mid-year and only pay the higher cost for the period where you need the higher cover, say 3 months for a specific procedure / hospital. The upgrade waiting...

Is the family your child, spouse plus grand children? If so, I can see the attraction of providing the accommodation while HAP basically covers the rent. Otherwise, I would run a mile from this plan. I also have no idea if this scenario is against HAP rules, could easily be.

If OP leaves existing employment at 60 intending not to touch the DB pension until 65, is there any way he can get the AVC balance out into a personal pension and then ‘retire’ to access it? DB would then be the icing then in 5 years time.

I know from speaking with colleagues who took early retirement that the trustees really nailed them on the transfer value or the reduced pension. There was no uniform offer either so I’m loath to get into that type of negotiation when then the time comes. I want to have myself set up and not...

True but I am at the mercy of my employer in that scenario. My own personal pension arrangement that I could access when I was ready or when it was large enough would ideally be my plan.

Thanks for all your replies. I like the idea of having certainty of income at 65 from the DB so if I could amass a fund in a separate account (ideally with tax relief) that I could encash early would be ideal. When I have enough then I can pay myself annually a sufficient amount to replace my...

HI Everyone What’s the best way for a person entitled to a decent (but not huge) DB pension at 65 to make a separate arrangement to retire before 65? I wouldn’t be interested in property and it seems bananas to pay 52% tax and leave the pension tax relief on the table to invest in funds outside...

Pensions make my head hurt! So what’s the best way for a person entitled to a decent (but not huge) DB pension at 65 to make a separate arrangement to retire before 65? I wouldn’t be interested in property and it seems bananas to pay 52% tax and leave the pension tax relief on the table to...

Thanks Steven. I’ll look into starting a completely separate PRSA and direct my existing AVC contributions there instead.

Thanks Steven and Conan. Sorry Jim also for hijacking your initial query. I see this in our company AVC manual under Leaving Service: "You may transfer the value of your AVC Account to a new employer’s scheme or to a qualifying pension policy with a life assurance company. Alternatively, you...

If I leave the company though, can I not move my own AVC contributions to a private PRSA or some other product?

I’m in the same boat. By 55, I’ll have a decent DB pension accrued (payable at 65) and also a decent lump in an AVC (10 x salary). I’m thinking if I leave work at 55, move my AVC out and then ‘retire’ with the AVC to maintain my lifestyle for 10 years before the DB kicks in. State pension will...

Interesting, you’d have to wonder if it is a material benefit worth considering when choosing providers.

Hi All A friend of mine’s wife is currently undergoing breast cancer treatment (chemo) in St James. All going well thankfully. My friend maintains that the medication she is receiving (in St James) is state of the art and only available on VHI i.e Laya/ILH/Public can’t get it at the moment...

Affidea Northwood proactively made an appointment with me for a MRI on my lower back after referral from GP. Quick and easy and as its a pre-approved centre for Laya, I just gave my membership number and they paid directly. First time I’ve actually cost my insurance company anything in 10+ years.

5% according to the Offer Letter I have in front of me.