Here, we’ll dissect the elements that contributed to the success of Mr. Flannery’s ARF, providing valuable lessons for individuals aiming to optimise their retirement funds.
Continue readingGenerational Approaches to Retirement: 2023 Insights
According to Standard Life’s 2023 “Bringing Retirement Into Focus” report on retirement in Ireland, there are clear differences in how each generation approaches retirement planning
Continue readingUnderstanding Gender Disparities in Retirement Planning
In 2023, women’s preparedness for retirement saw a notable decline compared to 2022. Financial preparedness dropped from 28% to 23%, mental readiness from 55% to 47%, and social preparedness from 48% to 41%
Continue readingRedudancy & Pensions: What you need to know
In addition to the statutory payment, you may receive an ex-gratia payment based on years of service at the discretion of the employer. If you’re offered this additional payment, you’ll need to understand the tax implications.
Continue readingHow Prepared for Retirement is Munster?
Each year, Standard Life compiles insights from more than 5,600 adults throughout Ireland, combining these viewpoints to better represent retirees
Continue readingARF vs Annuity: What’s the difference in these pension options?
Understand the key difference: annuities end with the holder, while ARFs can be inherited tax-free by a surviving spouse. This makes the choice one between guaranteed income and wealth conservation.
Continue readingPension Auto Enrolment: What We Know So Far
As we navigate through these Pension changes, new updates have emerged, providing more clarity and some additional considerations for both employers and employees
Continue readingWhat are Enhanced Transfer Values in Ireland
Making an informed choice with you pension requires understanding the benefits and drawbacks of your existing scheme.
Continue readingA Year of Financial Upswing: Reflections on 2023
The final six months of 2023, especially the last two, marked significant increases in both equity and bond markets.
Continue readingStrategic Tax Planning at Year-End for Directors
SME owners should weigh the tax implications of each profit extraction method. Keeping profits within the company subjects them to Corporation Tax and possible additional surcharges.
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