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.
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As we navigate through these Pension changes, new updates have emerged, providing more clarity and some additional considerations for both employers and employees
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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.
Continue readingNavigating the Intricacies of Wealth
The goal of financial freedom often comes with an ingrained sense of stress and anxiety. This insight from FJ Hanly & Associates highlights the difficulty in transitioning from wealth accumulation to enjoyment and relaxation
Continue readingBudget 2024: What you need to know
Key Announcements from Ministers Michael McGrath and Paschal Donohoe On Budget Day
Continue readingHIRING: Client Support Specialist (Graduate)
Join FJ Hanly & Associates, a distinguished Financial Brokerage with over two decades of dedication to providing expert financial advice to a diverse clientele
Continue readingPlanning for your Child’s University Education
Initiating a University Savings Plan can alleviate some of the financial stress associated with funding your child’s university education
Continue readingNavigating Inheritance Tax in Ireland: Section 72 & 73
Consider this scenario: your children inherit your assets, and even after leveraging available reliefs and exemptions, there’s an outstanding inheritance tax liability of €250,000. There is a solution.
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