Aimee

About Aimee Whelan

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So far Aimee Whelan has created 63 blog entries.

Pension Tax Relief in Ireland: 2025 Guide

In this article, we’ll be taking a holistic view of the taxation of pensions in Ireland. We’ll look at pension taxation through the lens of an individual who begins their pension journey at the point of entry into the workforce right up until the day the individual retires and [...]

2025-01-24T04:54:02+00:00May 6, 2024|Taxation|

Tax Planning for Business Owners

In this article, we’re going to be talking about tax planning for business owners. Specifically, 7 methods of extracting cash from a company that business owners can adopt and a discussion about the tax efficiency of each method. As a reminder, an Irish company is a separate legal entity [...]

2024-05-10T14:05:29+00:00May 1, 2024|Taxation|

Pension Advice for Stay at Home Parents

Many parents make the decision to stay at home with their children, to be involved with their lives as well as avoid high childcare fees and lengthy commutes. The 2022 Census recorded 272,318 people in Ireland who expressed looking after the home or family as their principal economic status.  [...]

2024-05-30T09:41:58+00:00April 29, 2024|Pension|

Personal Investment Portfolio vs. Private Pension

A 2023 study from the Banking & Payments Federation Ireland revealed that only 1 in 3 or 33% of adults in Ireland own an investment product other than a pension and/or a residential property.  Of the 67% of adults without an investment product, a whopping 33% stated that they [...]

2024-04-29T14:46:05+00:00March 19, 2024|Pension|

Average Pension in Ireland

What is the average pension pot in Ireland? How much should I have in my pension savings to retire comfortably? What will my income be in retirement? The CSO reports that 66% of workers aged 20-69 have some form of pension coverage outside of the state pension. This has [...]

2024-03-11T12:57:00+00:00March 3, 2024|Pension|

Why A Younger Population is Good for your Pension

In Ireland, the EU, and other developed countries, ageing populations will have a significant impact on the ability of that country to finance state pension provision in its current form.   An ageing population is a population where there are both lower birth rates and a higher life expectancy. In [...]

2024-01-31T21:07:06+00:00January 31, 2024|Pension|

Standard Fund Threshold Public Consultation

The government is carrying out a review of the Standard Fund Threshold for pension funds, which could potentially have a big impact on pensions in Ireland. Part of this review process is a public consultation which is now open and will run into next year, with submissions accepted until [...]

2024-01-04T13:02:20+00:00January 4, 2024|Pension|

Financial Services & Pensions Ombudsman

While saving towards a pension in Ireland, either through your employer or with a personal savings plan for the self-employed, you will likely be working with a pension provider. Whether it's in the years of contributing to your pension scheme before retirement, or when receiving the benefits afterwards, it [...]

2024-01-03T11:55:08+00:00January 3, 2024|Pension|

How many PRSI contributions are needed before retirement?

The state pension (contributory)  is paid from the age of 66, if you have made sufficient PRSI contributions. It is not a means tested payment so you can earn other income and still receive a state pension (contributory). Employees in private employment pay compulsory pay related social insurance (PRSI) [...]

2024-05-10T08:21:55+00:00November 13, 2023|Pension|