darraghdog
Registered User
- Messages
- 115
darraghdog said:The asset allocation is between 94% (Eagle Star) and 99% (KBC). I didn't realy think asset allocation would be a factor in the performance (?)
Are you sure about this? I think Deadly Duck was referring to 'allocation units' - which was really just another fee/charge disguised as a percentage of your contribution which does NOT go into the fund. If the 'allocation units' is 98%, then they are whipping out 2% of your contributions as a fee.darraghdog said:Apologies.. I'm relatively new to this subject... by asset allocation I meant what %,after charges, is invested in equities.. the rest being left as cash.
darraghdog said:By the way deadly duck, did you get that deal thro an employer or on the market, and if it's on the market could you give me the details ?
RainyDay said:Are you sure about this? I think Deadly Duck was referring to 'allocation units' - which was really just another fee/charge disguised as a percentage of your contribution which does NOT go into the fund. If the 'allocation units' is 98%, then they are whipping out 2% of your contributions as a fee.
eoflaherty said:One of the cheapest rates are those offered by Quinn Life (). They have no initial fee so 100% is invested and there is no bid-offer spread.They are index funds so their performance is based on tracking an index.Yearly fees are 1-1.2% depending on the fund but that drops after 16 years to 0.5-0.7%.
darraghdog said:are Quinn-life on this tax-deductable list of pension funds from the govt. ?
ClubMan said:What tax deductible list? QL pensions definitely qualify for tax relief like any other pension. I don't think that the fact that this would be an AVC pension has any bearing on this.
Moneybags said:You can reclaim 4% PRSI - but not the 2% health levy - at the end of the year.
Tax relief on contributions
Tax relief is given at the customers highest rate of tax. If they are an employee relief is also given from PRSI and Health Levy. Where qualifying PRSA contributions are deducted by an employer, the net pay arrangement will apply. This means that PAYE, PRSI and Health Levy deductions will be calculated on wages or salary net of PRSA contributions.
Where the PRSA contributions are not deducted by an employer relief can be claimed directly from the tax office. Relief will be allowed through the PAYE system, as an additional tax credit.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?