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 [...]

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 [...]

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 [...]

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) [...]

A lot of planning goes into ensuring that you will have a pension that can support you in your retirement. But on top of thinking about the value of your pension, how much needs to go into it, there are tax implications which also need to be considered. The [...]

Starting a pension in an entry level job in Ireland and knowing how to maximise pension growth are two sides of the same coin. The earlier you start a pension, the better, and it’s a great way to maximise pension growth.  You can start a pension at any stage [...]

The qualifying age for state pensions in Ireland is 66, and given there is no mandatory retirement age in most Irish professions, it is no surprise that most of us associate ideas of retirement with our twilight years. Early retirement is a dream that most of think we will [...]

Retirement is a stage of your life that you should anticipate. After decades of hard work, you should not be able to relax and enjoy plenty of free time. When it comes to retirement, you want to make sure you feel safe and secure. Making sure that you have [...]

Defined Benefit Pensions and Transfer Values – do I stick or twist. Companies who have a Defined Benefit (DB) pension scheme often offer a transfer value to employees who have left service in lieu of a deferred guaranteed pension. What does this mean, and what things should you consider [...]

It’s never too late to start a pension, but the sooner you do, the better it will be. A pension can give you security in retirement, and unless you win the Lotto in the meantime, a pension is the only game in town.  Starting a pension in your 50s [...]