pension

  1. B

    Employer Contributions (Occupational Pension Scheme)

    Regarding employee income (Schedule E), aged 35, there is a limit of 20% of net relevant earnings (capped at €115,000) which can be paid into a occupational pension scheme with a relief at the marginal rate of tax. If the employer also makes contributions to the employees occupational pension...
  2. V

    Pension for my wife

    Probably a stupid question but wondering what if anything can be done please. We are a couple of 40 year olds. Mortgage is paid off. Have savings. Wife is staying home to rear kids. She has no pension. I have a pension with work and am paying the max for my age. Is there anything we can do for...
  3. G

    Can I take all my pension pot in one go

    I'm 57 years of age, from Ireland but live in the UK. I have 3 small pensions in Ireland: €2000, €4000 and €34,000. I have a pension fund in the UK worth £400,000. I'm considering retiring in 3 years and will have to live off my private pension until the state kicks in. Do the pension rules in...
  4. C

    Self employed pension

    Hi there, I would really appreciate some advice Age:42 Self employed Started Executive Pension Plan with Zurich in 2011 with broker Paused pension in 2017 due to maternity leave I will be earning a very modest income yet to be determined as self employed, in lower tax bracket. I have started...
  5. R

    Full Pension Contribution what next

    Hi All, I am late 20s and looking for advice on where to place any extra cash I will have. So currently I max my pension at 15% with a 5% company match, all in equities. Have done since the start of this year. I have been in this company since mid 2016 and had been contributing 5% to get the...
  6. S

    Lump Sum Payment to Pension?

    1st post so go easy on me! I have just returned from living abroad where I was able to save a decent amount of money. I would like to use this money to provide for myself & my family in old age. I can place in a pension product or invest, I guess. I have looked at the main irish pension...
  7. D

    Advice on DB scheme closing

    A DB scheme that I was in during my first real job is closing down. The law firm is merged with another. The trustees wrote to me today to say either transfer my portion or they will buy a prsa with it. Out of curiosity can they do that? I’ve got another old DB scheme I’m in. I presume I cannot...
  8. C

    Teaching Pension: AVCs' Limits & Tax Efficiency

    Hi, I’m looking into my pension arrangements at the moment and have quite a few questions which I would like to get clarity on. My situation is Teacher, 41, pre-2004 entrant (an ‘old entrant’). Began teaching at age 23, with two career breaks since (career breaks are not a break-in-service, so...
  9. T

    Best Buy Best AVC in the Irish market 2019

    I work in a local authority and is a member of Forsa. I am looking to join an AVC. May I know whether the AVC amount is cut before Tax or after Tax? Would joining an AVc reduce the tax I pay and save money? Is there any firm that you would suggest? I prefer to buy it directly from a firm like...
  10. B

    Purchase of Notional Service or PRSA?

    Hi, I am 49 and employed full time as a Clerical Officer with a Local Authority. I will have 18 years of service this year. I am finally coming out the other side of a divorce, my only child is now 18 and in College in Dublin, but luckily his mother moved away to Dublin also and we don't have...
  11. I

    Value a mixed PRSI contribution SPC

    I am trying to work out what a SPC will pay for a relative with a mixed insurance record of class A, D, K, S, ORD and WOPS contributions. D, K and WOPS are all modified rate contributions. From welfare.ie: Social insurance contribution conditions You must have: started paying social insurance...
  12. A

    Too late for pension?

    I’ve just turned 52, married with no kids and we are currently a one income family, myself being the earner. I earn €40k a year and the job secure as can be expected. I’ve had a pension with the company for maybe 15-20 years which up until very recently haven’t contributed to at all, just...
  13. V

    advice on allocating pension funds

    Folks, My question is a general one: Person with 12 years to retirement: should allocate how much in equities/bonds/cash. I'm in a self-managed employer pension scheme I'm PAYE and putting 38% of salary per month into pension per including employer contribution. The pension is getting...
  14. Q

    Pan-European Pension Product - any news on this?

    I read about EU proposals for a Pan-European Pension Product ("PEPP") which aims to create a single private pension that's portable around Europe. You could work in Ireland for a few years and contribute here, move to Spain for a few years and contribute there, etc. and in each country...
  15. 4

    Directors pension or pay off mortgage

    I own a business and there is approx 150,000 that I can take out of the company annually. I have a very high mortgage that I want to use the funds to reduce/clear. I'm trying to work out if it is a better idea to (a) pay the maximum I can into a company pension each year, draw down at 50 and...
  16. I

    Passive vs managed funds

    Hey guys, I'm looking to setup a pension and am looking to tap the brain trust here for some opinions. I own a company so plan to do an Executive Pension through it. At some point in the future I may move to a self-administered pension, but for now I'll only be putting say €1000p/m in so I...
  17. M

    Retiring on ill Health grounds

    It looks as if I will have to retire from my job as a primary school teacher on ill Health grounds in the future based on an incurable health condition. I’m trying to do my sums and wondered if anyone knows that when you get ‘added years’ if it would be based on my actual point on the salary...
  18. C

    Pension property investment

    Happy New Year Greetings one and all - thank you kindly for great advice always... I am reading an article ‘pension property investment ‘ in Sherry Fitzgerald’s City & Country magazine - issue 66. Can’t find a link to share it here. Bottom line is that it recommends investment of pension...
  19. C

    Put on wrong class of PRSI for 20 years

    Hi I'm 57 and have worked in the health service since 1983 full time. During that time, I have taken only one break from work - a few months before I started a new job in September 1995. I have always paid class D PRSI and have never had an occasion to query it . However I'm recently been...
  20. B

    Pension Rights / Overseas Divorce

    I am looking for some advise on my future pension situation. I am a foreign national that worked in Ireland during 1999-2010. During this period of time, I accrued benefit for a partial State Pension (contributed for more than 10 years), and my employer's private pension. After leaving...
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