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Do the discount brokers factor in dynamisation?

Is there any fund I can invest in where annual returns are taxed as income rather than liable for exit tax? Or would I have to buy equities directly?

Thats the one valid point from the banks on trackers. The interbank funding rates in the credit crunch went off the charts and lost any correlation with the ecb rate. And that’s if you could get funds. So new business tracker mortgages became a non runner. Honoring commitments to your existing...

If your primary goal is retiring in your mid 50s then paying revenue maximum avcs to create a fund to top up your lump sum and create an Amrf/arf to supplement your pension income is what you need to do. Notional service is irrelevant in this context. Even if it was available it doesn’t suit...

My bad!

There’s no way to pay extra for the time spent on TRR. You could potentially buy notional service or take out an AVC but if you are on reduced hours that may put you in the low tax bracket which reduces the incentive to pay anything additional towards retirement benefits

MichaelM Your posts are contradictory. In your original post you say you joined CS in 2006. In a later post you say you joined your dB scheme before 2004. Which is it? In the public sector April 2004 is a critical date that determines the rules around your retirement and the advice on how to...

You’ll get added years which may bring you up to half pay ie 40/80ths. Your pension is always calculated on full time equivalent salary but you’d only get a proportion of 1/80th for the calculation. 21/35 hours would give 60% of 1/80th of final salary for pension and multiply that by 3 for lump sum

You cannot have 1.5 times salary as a tax free lump sum if retiring under cost neutral scheme. Certain reductions apply

AVCS are very relevant for those post 04. Say you retire at 58 but your nra is 65. Supplementary pension would be payable from nra to 68 when the state pension would be payable. So an avc would top up lump sum at 58 to allowable rev max figure with the balance to go into an arf (assuming...

I think posters on this thread are trying to highlight that on a list of issues that warrant attention in the public sector finances, this is well down the list. My mother in law retired in April aged 65 as per her occupational pension scheme conditions in the private sector. She won’t get the...

Mickey99 Would you be happy if you were a D1 prsi payer knowing that an A1 prsi payer could potentially be €67,500 better off in retirement (average supplementary pension will be 10k oacp is 12.7k by a factor of 25)

It’s not necessarily a case of being brought down. A portion of the level of savings to be achieved by everyone being on the same system going forward could then be used to increase the level of benefit being accrued per annum for everybody

I assume you’re public service? Depends on the employer. Some will refund the payments some won’t. If you do the 40 years of actual service then the notional years are no benefit

This is a very interesting discussion. There are so many misconceptions and preconceptions when it comes to ps pensions and the actual mechanics of same. Whilst some elements of the schemes differ, anyone with a pre 04 ps pension can’t feel in way aggrieved. The public sector pension levy which...

The problem with advice on ps pension benefits is there are now 4 different schemes depending on when you started in the system. Notional service was straightforward when there was just 1 D1/B1 scheme. If you were short a few years at 60 you could buy them from your employer to give full...

The notional years would also be subject to the cost neutral actuarial reduction so you wouldn’t get a proportionate amount. The 4.5 years approx stated would then be reduced by the cost neutral retirement factor

Buying notional service doesn’t reduce any penalties on early retirement. The notional years bought are in fact subject to those same penalties. Her retirement age is 65. The purpose of notional service is to increase your pension and lump sum at 65. If she retires at 60 she’s retiring under...

Thanks for that clarification

I owe money to hse for fair deal. Asset the charge is on isn't selling. So I was thinking of taking a mortgage out on the investment property and clearing the fair deal bill. I'll owe money either way but mortgage interest would be lower than what hse will charge and If the interest is an...