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The average life expectancy for someone retiring at age 65, is now 20 for males and 23 for females. And the odds of making it to age 90 is now c50%.

A PRSA only becomes "accessible " when its ultimately converted to an ARF or at age 75. Up until then, there us no requirement to drawdown any income. That said, I cannot see any logical reason why anyone whose total income comes from Social Welfare payments would want to set up a PRSA...

You seem fixated with past performance. What's past is past. It is NO indicator of future performance. Nobody can tell you what fund will perform best over the next 20 years. You need to decide what risk profile you are happy with. An all Equity fund will possibly (?) deliver the best long...

I don’t wish to be facetious, but if I knew which fund was going to give the best return, I would be posting this sipping a Margarita on the beach in the Bahamas. The “best fund” depends on a number of factors, including your attitude to investment risk and your investment term (how many years...

Not all private pensions form part of the deceased's estate. Only DC schemes might have that facility, provided the retiree; - invested in an ARF (not an annuity) and - there was funds left on death. But Pension Plans were never intended as an inheritance vehicle. They were intended to provide...

So what do you want- to take some money with them? There are death in service benefits for those who die before retiring. State Pension is payable from 66 and they can claim Benefit Payment for 65 year olds (not "dole") for 12 months between 65 and 66. If they want to build up extra benefits...

What Inflexibility? A Pension is a simple structure designed to provide an income in retirement, an income replacement (financial security for the individual when giving up work). Sum total. Its not intended to be any more than that. Its not intended to be an inheritance vehicle. The PS...

Based on the current State Pensio n (c€14k) , the capitalised value would be €350k (assuming a modest level of indexation). If you added in the increased payment for a qualified adult dependant (total c€27k currently), then the capital value would be c€675k. Not insignificant

The OP referred to signing on for 8 years. My response was in that context.

I never mentioned "Carer Credits".

But the max credits can go to 1040 (20 years) if they include Homecaring Period credits.

To get any level of State Pension you need at least 520 PAID A (or S) contributions. After that, credits count fully. So whether the Pension is calculated on the Average method or the Total Contribution Approach, Credits are as good as Paid Contribution's. If you are “signing on” for credits...

This new Auto Enrollment is aimed at those not already members of an Occupational Pension Scheme. These are predominantly workers in Retail, Hospitality and those in SME's.

Whilst I agree that the SFT needs to be increased, I struggle to understand why a public servant (or private) would refuse a promotion - with a higher salary and a higher pension benefit- just because a small portion of the increased pension might be clawed back over a 20 year period.

Prudential Life became Progressive Life and then in 1999 it merged into Irish Life (as part of the Irish Life/ Irish Permanent merger). So all Prudential policies are now managed by Irish Life. So write to Irish Life will policy details and they should be able to respond.

Correct. Only assets in your name or 50% of jointly held assets (excluding family home) are relevant for the "means test?". The first€20k is ignored.

APT or UNIO are brokers/advisors. They are not fund managers. So if the Employer transfers funds to APT/UNIO they have to then transfer the funds to the Investment Manager (eg Irish Life) for investment in the chosen funds. That said, a 3 months delay is somewhat worrying.

Whether the OP has any entitlement to a preserved benefit will depend on the rules of the particular scheme. This has nothing to do with Revenue or Social Welfare. The rules around compulsory preservation of benefits only came in in 1991 (I think). If you left employment before that date you...

Many private sector employees are obliged to join pension schemes as a condition of employment -either DB or DC. So I don’t see the difference with public sector. “2 million quid” sounds a lot (and it is if you won it in the Lotto), but in pension terms (using a Revenue “multiplier” of c27:1) it...

But senior public servants who do exceed the SFT can pay the excess of fund tax over a 20 year period by taking a slightly reduced pension (and the tax bill is waived if the member dies in that period). Private sector workers do not benefit from such a preferential deal. As for senior Gardai...