I tried a different video and I found this one more helpful. I’ve now managed to turn off private mode and I’ve got my history back. It was quite simple really.
Not sure what I did to cause this, but last night I turned on private browsing and I’ve now lost all my browsing history. I’ve looked up instructions on how to turn it back to normal browsing, but I haven’t been able to get it to work. For example, I tried following this video...
Being told that one of your children is autistic is not something that any parent wants to hear, even if it something that you suspected might be the case. You have my sympathies. You are right to be thinking ahead, and I really think you need to get legal advice in relation to your will...
My son opened a Revolut account last month and signed up for a premium card. He now realises that he doesn't need the extra benefits provided versus a standard card and it’s not worth paying €7.99 a month when he can get a standard card for free. How difficult is it to downgrade and is there a...
I got the Aer Credit Card a couple of years back. In addition to the benefits mentioned above, you also earn Avios points on most purchases (although usually only 1 point for every €4 spent) and, most importantly, you get free worldwide travel insurance for all cardholders.
It costs €7.99 per...
If you are in the 40% tax bracket, it might be worth enquiring as to whether you would get an actuarial uplift if you were to delay taking your pension. If there is no uplift, then deferring your pension past age 60 doesn’t make any sense, regardless of your marginal tax rate.
Assuming NRA 66, you’re using the correct capitalisation factor for a married male. But any funding you do must be limited by reference to benefits at NRA. The maximum fund you can target at NRA is 27.6 x 2/3rds x €60,000 = €1,104,000. If you have a standard Public Sector pension of n/80ths...
Regarding your question on AVCs, any advance funding can only be done by reference to your projected benefits at normal retirement age. As you point out, the capitalisation factors that can be used are set out in Chapter 5 of the Revenue Pensions Manual. These factors are quite high and your...
The n/80ths rule is based on a factor of 9 to 1 for converting pension to an equivalent lump sum. This factor no longer applies and the pension equivalent of a lump sum can be calculated by reference to immediate annuity rates at the member‘s date of retirement.
It’s probably simpler to look...
As others have said, if you are trying to maximise your pension contributions, there are advantages to having this done via employer contributions rather than member contributions. Firstly, there is is saving in PRSI (both employer and employee) and USC. Secondly, company contributions don‘t...
This article is yet another example of how low the journalistic standards have fallen at the Irish Independent. A sensationalist headline based on an unsubstantiated assumption in a poorly researched and badly written report. Complete and absolute cobblers.
Thanks folks. It was an error by the employer. I received a payment last year that used the correct PRSI class. I’ll ask them to amend their return to Revenue and refund the amount deducted to me.
I'm over age 66, so I'm no longer liable for PRSI. I recently received a payment under PAYE for some work I did and the wrong PRSI class was used so I ended up having 4% PRSI deducted. I'm not going to be doing any more work for that employer this year, so they won't be able to offset the PRSI...
I’m not aware of any private sector pension schemes that allow you to purchase added years. It may have been possible in some such schemes many years ago, but I’d be astonished if there are any providing that option nowadays. If you are working in the Public Sector, then your HR department...
There are so many plans out there that, even with the comparison tool available on the HIA website, it’s very difficult to assess what might be the best plan for me and my wife for our forthcoming renewal.
I know there are experts there who will provide advice for a fee and I’m just wondering...
Thanks folks.
I read through the documents and it does seem as if there may be some liability. The property is not located in Dublin and I note that there is a "general" limit of 80% applying to Dublin properties and 50% elsewhere. I guess their solicitor should be able to advise them on what...
I have friends who are in the process of selling their house. The sale price is around 80% higher than the price at which the property was valued for LPT purposes. They have been advised that they may be subject to an additional LPT charge because of the discrepancy.
I know that our own house...
Brendan, that agrees with my understanding of the position. But you are not correct in saying that the member waives €120k of their lump sum entitlement. They are taking €120k and 'waiving' €80k of their maximum lump sum entitlement.
Also, I don't think 'waive' is the correct term to use...
But, if he’s drawing down his benefits straight away, could he not choose to take a lower lump sum from his pension fund? My understanding is that 25% is the maximum amount that can be taken as a lump sum (assuming a service and salary related figure does not give a higher result) but there is...
So, in the example given by Brendan, the member could choose to take only €120k from their €800k pension fund, ARF/AMRF the remaining €680k and receive €200k tax free termination payment.