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As AVCs aren't allowed, we are still waiting to hear on what exactly people can do if they want more than 3% of salary paid into their pension. Then there is the disparities in tax relief under the existing pensions versus AE. There's still a lot to be ironed out as to how exactly this thing is...

Retire and go off and enjoy yourself.

And this is why I don't mind paying €6 a month for my boI account. I usually just use Apple Wallet to pay for things (need to use face ID to pay for anything) but if things go wrong, the bank will resolve things quicker. I hope things get sorted quickly Dubliner8

Why would someone from rural Ireland who keeps €150,000 in cash in their bedroom be talking to me? My point stands, an insurance company won't accept cash payments...for obvious legal reasons.

They are keeping the money in cash in their bedroom, so when they are means tested they say that they don't have any money and can point to their empty bank account? And now they are looking for a safe home for this money? An insurance company won't accept cash lodgments, so they will have to...

Standard Life is cheaper

You pick the retirement age of the PRSA from age 60 - 75. If Welfare says once a pension is accessible, then it counts as income, there is nothing you can do. Pensions cannot be locked away like that. And I would echo what the others have said so far, it makes zero sense to contribute to a...

There is the dwelling exemption for adult children who grew up in the family home and never moved out. As for the original question, it's a load of nonsense. They are obviously not living in that house otherwise they could have qualified for the exemption...or they were but had another...

The funds are completely different. One is actively managed, 5 companies in 5 sectors. High concentration, more risk. The other is a global index. What you are really looking at is the charging structure. For €500 a month with Standard Life you can get 101% allocation, 0.9% amc. Zurich Life...

If you do it, I would look at a single premium policy for the lump sum as they are priced better than regular premiums. How would you miss out on compounding if the money is invested?

I would be amazed (and delighted) if that happened. With absolutely no idea of what will happen, my guess is that it will go back to DIRT plus 2% but it will move down to 35% on a gradual basis, like DIRT did when it went from 39% to 33%.

And adding onto Ger's post, if you did cash it in, you'd be better investing it as a single premium not connected to the regular premium plan as single premium contracts have better pricing than regular premium ones. You could get an even lower amc on the lump sum payment. You'd want to do...

You can't. The amc is fixed under each contract and cannot be changed. The issue is the tax liability that will be incurred. He would have to cash in the existing plan and transfer the funds to the new plan. You have to work out the tax liability and how long it will take for the savings in amc...

Ok, you come on here to check out what happens. You are told that everything is fine and I have outlined how it works but you don't believe me. Keep banging your head off the wall so.

Look at the intention of the exemption. It is for adult children who never moved out of the family home, so they weren't landed with a massive CAT bill which would have forced them to sell their only home. Otherwise you'd have as Brendan said, people moving into the family home and selling their...

Policy is not invalid. If you died and a claim is made, they would look to pay the money to KBC, who would refuse it as they have no interest in the policy anymore. The money would therefore be paid to your estate. As debts have to be paid off as part of winding up an estate, they will use the...

Always a worry when a financial advisor claims superior fund performance as the reason for moving. Yes, you can claim a World Index will outperform a cash fund etc but he's putting you into Balanced Managed funds with a number of different asset classes. The Balanced fund is a fine fund, I use...

Long term illness can take so many different forms. And most people have mortgage protection to pay off their mortgage on death. What do you do if you are too ill to work and the bills keep on coming in? As with most insurance, you won't actually use it (insurance most used would be for stuff...

You can do that very easily with BoI online. I use BoI for my business. It's the same one as the banking365 as I don't need the full business banking. It works fine for what I need. Most of my transactions are automated, so I don't actually need to do very much.