Standards, Professional, Trust
What’s the first thing that pops into your head when you hear the word ‘pension’? Maybe it’s ‘financial hassle’ or ‘senior citizenship.’ It’s unlikely that the word ‘scary’ will come to mind. However, certain retirement trends in the Irish market will make the hair stand on your forearms. Did you know that less then 40% of […]
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‘FIRE’ is a term I came across in recent weeks reading some research on wealth management services in the US…
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Tony Gilhawley FSAI Director, Technical Guidance Ltd. 01/02/2019 The Government announced in January 2018 a new alternative test for the State Pension, called the Total Contributions Approach or TCA. If this test gives a higher pension than the average test for those qualifying for the State Pension from 1st September 2012 onwards, they get the […]
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What are Additional Voluntary Contributions? Additional Voluntary Contributions or AVC’s are extra savings that you can make towards your pension Top 4 reasons to make AVCs 1) Enhance your retirement benefits Increase your expected tax-free lump sum at retirement. This is potentially 25% of your retirement fund, if you are a member of DC company […]
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Future is bleak unless brave action is taken on Pensions Last year will, I believe be seen as a watershed for pensions. It signalled the beginning of the end for many defined benefit schemes, with the reintroduction of the funding standard against a harsh economic and market backdrop. The European Court of Justice decided the […]
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