Pension

€271 Billion State Pension Shortfall

The Irish old age State Pension is a vital support for retirees, funded by the Social Insurance Fund (your PRSI contributions). However, with changing demographics and an aging population, the sustainability of the system is in question.  In this article, we'll explore the key issues and potential solutions to [...]

2024-09-05T08:16:28+00:00August 18, 2023|Pension|

Pension adjustment orders

A pension adjustment order (PAO) is a court order which enforces the entitlement of a former spouse or partner or their dependents to a share or proportion of the pension arrangement of their former spouse or partner. PAOs are complex and there are a number of different aspects to [...]

2024-11-12T06:29:55+00:00August 14, 2023|Pension|

Finance Act 2022

Introduction On the 15th December 2022, Ireland’s Finance Act 2022 was signed into law. With it, came three major changes to pensions in Ireland. This article will explain each of these changes and what they mean for the future of saving for retirement in Ireland. Finance Act 2022 in [...]

2023-03-14T08:46:30+00:00March 10, 2023|Pension|

What happens to my pension when I die

Saving for a pension is an expense that factors steadily throughout working life. However, conversation is sparse around what will happen to that chunk of money once you are no longer here to spend it. Understanding the ins and outs of pensions is incredibly important as it will end [...]

2024-09-05T08:27:45+00:00January 18, 2023|Pension, Taxation|

Exciting Development in European Pension News

EU pensions have long been unequipped to deal with Europe’s ageing population, and in recent years, many have called for significant improvements to the EU pension system. Now, a major development has arrived in the form of the Pan-European Personal Pension (PEPP) - a new pension product that will [...]

2023-03-14T08:48:00+00:00December 15, 2022|Pension, Recent News|

Case Study: Mistakes of the Waterford Crystal Pension scheme and how to avoid them

Waterford Crystal employees showcased what could happen if a company puts lack-lustre effort into protecting workers. In a nutshell After suffering losses to their pension scheme, individuals employed by the company discovered their company pension funds had no protection system - and decided to do something about [...]

2023-01-13T21:44:10+00:00December 11, 2022|Case Studies, Occupational Schemes, Pension|

National Pension Helplines Jargon buster

When it comes to taking control of your finances there are a lot of new terms and phrases that you may not have come across before.  Pensions are complicated but we are here to make them simple.  In this page we are going to outline some terms that might [...]

2023-03-14T08:48:35+00:00October 18, 2022|Pension|

Construction Workers’ Pensions Scheme (CWPSP): Group schemes versus open market alternatives

When it comes to generating funds for the Construction Workers’ Pension Scheme, a group scheme method has been adopted. Affiliated with the employer trade body, Construction Industry Federation, nearly 50,000 members have offered up financial contributions under this model. However, is this option feasible when it stands up against [...]

2023-10-02T20:51:57+00:00October 5, 2022|Occupational Schemes, Pension|