Are there notes available on the scope available for AVCs in respect of targeting the difference between the lump sum allowed by the Revenue and the CS gratuity of 3/80ths x Service.
For background, she joined in the early 1980s and has 30 years Full-time equivalent service. This is because she has been working 50% of the time for the last number of years. Her P/T salary is c. €40k meaning that her F/T equivalent salary is c. €80k. She'll be 61 at the end of the month.
The reason I say this is because my understanding is that her official retirement date is her 65 birthday but that, at any time after age 60, she could retire based on her then accrued service without any "early retirement" adjustments (
You could pay in any amount you want
As in the other brokers would only be able to offer AVC PRSAs? I remember my tax advisor telling me once that AVC PRSAs could be problematic when funding the "gap" we're discussing........Something to do with a difference between market practice versus what the legislation actually says?
He is.You may very well be right, Liam
He's amazing at his job but gives out bogey info?but occasionally in life, we could across people who are just amazing at their job. The guy that told me this is one such person.
It does. Your guy is wrong.This does not preclude the possibility that my tax adviser is also right imo!
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