Irish Life’s Post

A very interesting read — especially important if you have taken a career break or just haven’t enough PRSI payments to qualify for the Contributory State Pension —having an income in retirement apart from State Benefits is so important — as I have often heard it described — the State Pension is designed for subsistence and nothing else — how easy would it be to live on 277.30 a week ? Even if you have a Pension in place , how often do you review it to see what income you are on track to receive at retirement ? Do you know what charges are on your Pension as high charges can erode the value in your Pension over time ? Feel free to reach out to me if you want to review existing pensions or indeed start a new Pension. Thanks for reading.Bernard .

Do you know how much your income will drop by when you retire…have a read at this article. If you have not already got a pension in place to help support your income in retirement please reach out to me and I can get a plan in place for you.

The Automatic Enrolment Retirement Savings System Bill is now at stage 2 on its passage through the Oireachtas. The resulting legislation is set to impact 800,000 workers aged between 23 and 60 and earning above €20,000 who will be subject to automatic enrolment into the new scheme. While it was interesting to hear Leo Varadker’s first speech since stepping down as Taoiseach, during the debate this week, and his insistence that there should be no delay in terms of passing the necessary legislation, the view of many industry experts and stakeholders is that the proposed effective date of Jan 1st 2025 is overly ambitious. With so many more pieces of the jigsaw still to complete, in the form of tender processes for a supplier to administer the scheme and to provide for the necessary IT infrastructure, as well as suppliers to provide for the investment management function and also a need for the state to execute a large and complex change management plan, it may just transpire that delivering on the legislation is the least of the government’s worries. Our latest ROI legislation blog summarises the current position.

If you do not have the benefit of having a workplace pension, it is often hard to find the motivation and money to save towards a pension when self employed. Read more for tips #pensionadvice #companypensions #privatepensions https://lnkd.in/ejbN29Dm

The state pension IS a benefit. Yes, you read that right! It has been categorized as a 'contributory benefit' since 1946, and a 'benefit payment' since April 2016. 🧠 Did you know that nobody directly pays for their state pension? There's no individual pot you 'pay into'. The state pension is a remarkable benefit🚀 We hope that clears things up. 💭 #StatePension #Benefit #FinancialSecurity

Would you ignore a bank account with some £9,500 & just leave it there? No you would not! So why not trace your old paid up workplace Pension Plans. Start with your working career with your Curriculum Vitae and contact the HR team of each of your former employers and ask them who was your previous Pension scheme with, contact the provider and update you address. Request a current statement and transfer statement. Life is complicated enough....with the cost of living crisis...the ever increasing bills....Well, life does not have to he complicated with your paid-up Pension plan - simple!

If you do not have the benefit of having a workplace pension, it is often hard to find the motivation and money to save towards a pension when self employed. Read more for tips #pensionadvice #companypensions #privatepensions https://lnkd.in/ejbN29Dm

Looking to enhance your pension benefit? Purchasing or transferring service to the Plan is one way to get the most from your pension. Whether you are a new member, or are re-joining, or are leaving your current employer for a job with one of our participating employers, you have several options available. From reciprocal transfer agreements, plan-to-plan transfer agreements, and more, it’s important to explore your options! Learn more about purchasing or transferring service here: https://lnkd.in/eJcMpaug #PSPP #Publicservicepensionplan #Newfoundlandandlabrador #retirementplanning

If you do not have the advantage of having a workplace pension, it is often hard to find the motivation and cash to save towards a pension when self employed. Read more for tips #pensionadvice #companypensions #workplacepensions https://lnkd.in/ejbN29Dm

What is the benefit of pension contributions? Watch the video to find out 👀 #PensionContributions #RetirementSavings #TaxAllowances #PensionAllowances