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  1. J

    Investment Trust options

    Many thanks for that information AJAM, its excellent to see some real portfolio figures and I may end up doing something similar, in the sense that my wife, on a relatively low retirement income, could opt for the higher dividend trusts while I, on a higher tax bracket pension, could do...
  2. J

    Investment Trust options

    My wife will be on a modest PS pension in retirement, around 11k (total) from 60 to OAP age where she will then get around 16k (total). She can transfer some of her standard rate allowance to me so I think I can be at the 20% rate up to around 44k. Would buying some Investment Trust "shares" for...
  3. J

    Comments or advice please

    €9k a year outgoings? That would have been unreal back in 1998 nevermind 2018 :) But as Sarenco says, it's not possible to have come up with 900k savings + a fully-paid 500k house + 70k pension based on the relatively modest salary stated - like all of us, the OP must have started off working...
  4. J

    Supplementary Pensions

    The topic has appeared many times over the years before in other threads, but I'd be very interested in hearing specifically about the experiences of any post-95 public sector employees who have retired early in the past few years. What I'm really wondering is whether some public sector...
  5. J

    Query re Early Retirement / Actuarial Reduction

    Hi Gordon, I believe in the scenario you describe an employee paying a class D stamp would receive 3/4 of 50k multiplied by the actuarial reduction factor - I think its around 62% for age 50 if normal pension age is 60. So in that case it would be around 23250. For an employee paying a class A...
  6. J

    Retiring with class A and D prsi

    Thanks again for the information above Early Riser - what you say above makes sense in relation to the supplementary pension. The fact that is hasn't been received before age 60 means that it shouldn't, in theory at least, be subjected to actuarial reduction. That is very good news from my own...
  7. J

    Retiring with class A and D prsi

    Hi The Ghoul, I'm very sorry to hear your predicament, it's not easy to be in a situation like that where the job is getting you down. And unfortunately this is the reality of cost-neutral early retirement for the class A employee, as I say it's a non-runner for the vast majority. Is it possible...
  8. J

    Retiring with class A and D prsi

    I think I just spotted an error there in the Age 60-67 part of the calculation above Early Riser. In my earlier post I was talking about the supplementary pension that would be payable to the class A employee frpm age 60 if cost neutral early retirement had not been taken. It would have been...
  9. J

    Retiring with class A and D prsi

    Thanks a million for your analysis there Early Riser, it is very interesting to see that the Class A person definitely does better in the long run on average. It's very difficult to complain when you see the figures laid out like that! In fairness, even for a class D person retiring at 50 on a...
  10. J

    Retiring with class A and D prsi

    Early Riser/jjm2016, my apologies as I had completely forgotten that Allencat will surely be in a position to receive illness/invalidity payments along with the occupational pension. Thank goodness for that. For those class A folk, however, who retire in advance of 60 (say on a cost neutral...
  11. J

    Retiring with class A and D prsi

    My sympathies to you allencat. It's bad enough to be retiring on grounds of ill health but to find that your employer is not willing to pay supplementary pension beggars belief! It's truly a scandal - so much for the promise that, upon retirement, class A contributors will be no worse off than...
  12. J

    My occupational pension is reduced by the amount of the State Pension.

    That's a serious concern for sure. You'd think the Pensions Ombudsman would have dealt with/be dealing with several such cases as we type. It is a massive issue for post-95 people who aim to retire early only to find out that the dream may be going up in smoke! I'll be keeping a beady eye on how...
  13. J

    My occupational pension is reduced by the amount of the State Pension.

    That's what I am hoping Protocol, but ppmeath suggests that it isn't so simple and that perhaps some employers are only going to pay out the "occupational" part of the pension, basically saying "tough luck" on the remaining €12k as they are interpreting the rules in a particular way. I wonder...
  14. J

    My occupational pension is reduced by the amount of the State Pension.

    Hi ppmeath, you might recall that I had a discussion with you some time back about pensions and supplementary pension in particular. Wouldn't a person in your own circumstances who retires at 60 be entitled to a supplementary pension to ensure that 50% of final salary is indeed received as a...
  15. J

    The truly shocking cost of State pensions

    That is absolutely amazing stuff! Who in there right mind would purchase an annuity at these kinds of rates. I mean, if you had savings of €1.5M at 60 and (say) expected to live to the ripe old age of 90, you could cream off 50k per year for 30 years rather than purchase an annuity, and surely...
  16. J

    Bridging the gap between 60 and oap

    Many thanks again ppmmeath, how it all happens will no doubt be revealed in due course, the main thing for me is that it happens :-) My regards to your friend who is currently going through IHR, I hope that everything works out for her also. Health is most certainly wealth!
  17. J

    Bridging the gap between 60 and oap

    Sorry ppmmeath, I will have you driven absolutely mad! "If your pension is less because of the new integrated method where a shortfall arises because of PRSI problems, then they add the occupational part of your pension and the reduced rate (if any) and the difference you are short by way of...
  18. J

    Bridging the gap between 60 and oap

    Thanks for that information above ppmmeath. After the numbers are crunched in the example above it states: "The State Pension (Contributory) is separate to your Institute pension and is paid by the Department of Social and Family Affairs. There may be circumstances where a person does not...
  19. J

    Bridging the gap between 60 and oap

    Hopefully we are Early Riser and thanks again for all your contributions to the discussion! It's a long way off yet for me but having a decent idea of how the system works means that there (hopefully) won't be any nasty surprises when the time comes around.
  20. J

    Bridging the gap between 60 and oap

    Thanks again for the feedback ppmmeath, this discussion is really great. I definitely agree with what you are saying about the cost-effectiveness of this scheme and when you put the figures together like 52k in vs 100k out it does appear stark alright and you can easily see why the government...
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