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  1. S

    So, it looks like tracker holders are getting a cut in September…

    … due to a technical change to the main refi rate. https://www.rte.ie/news/business/2024/0314/1437989-0-35-rate-cut-likely-for-tracker-mortgages-in-september/
  2. S

    Best starting strategy on price to market apartment

    I agree with @Luternau. I would be inclined to go with the advised minimum value of €315k as the guide price. Bear in mind that agents are incentivised to get a sale - any sale - with the minimum number of viewings. An extra few grand on the sales price isn’t really going to move the dial on...
  3. S

    Most tax-efficient pension pot and payout to aim for?

    Well, the current threshold for the lower rate is €42k and the current rate of a full State contributory pension is €14.5k. But the important thing to bear in mind is the blended tax rate on drawdown, taking the TFLS into account. This will always be lower than the current higher rate of...
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    Most tax-efficient pension pot and payout to aim for?

    Having said all that, “peak tax-efficiency” is reached at €800k (because of the €200k ceiling on the TFLS), so that’s a useful initial target. Ideally, yourself and your spouse should have roughly the same sized pension pot, where possible.
  5. S

    Most tax-efficient pension pot and payout to aim for?

    A few things - 1. Obviously we can only estimate tax rates, bands, etc in the future so there is an element of guess work here. 2. Similarly, we don’t know what returns (if any) our pension is going to earn so we can only estimate the final balance. 3. Bear in mind that 25% of the...
  6. S

    Rent by the room

    If the property owner lives in the house, the other occupants are licensees, not joint tenants. You would never get planning to split out a house as you suggest.
  7. S

    Ultimate Retirement Calculator?

    I think Standard Life have an interesting calculator on how much income you might need in retirement- https://www.standardlife.ie/tools/having-enough-money-when-you-retire
  8. S

    Use DB Pension to Pay Off Mortgage?

    What would the pension payout look like if you drew down at 65? In other words, what are giving up by drawing down early?
  9. S

    Goal to retire early

    …. and pay down PPR mortgage ahead of schedule (at least when the current fixed-term expires).
  10. S

    Mid 40's: how to maintain/max wealth + retire early

    Fair enough. I wonder would it be worth fixing the mortgages on the rentals? The interest on the trackers is really hurting your net returns.
  11. S

    give up tracker?

    Nobody can accurately predict the future but I’ve been of the view for some time that somebody on a tracker should consider fixing - https://www.askaboutmoney.com/threads/should-borrowers-with-trackers-consider-fixing-general-guidelines.227263/?amp=1
  12. S

    Mid 40's: how to maintain/max wealth + retire early

    There’s around €115k equity in Property 1, earning around €2,500pa, after tax. Financially, it would make more sense to realise the equity and pay it off the PPR mortgage @3% (which is likely to rise when your fixed-term is over). You’ve around €55k equity in Property 2, earning around...
  13. S

    Age 65 mid year and PRSI

    That’s reassuring I wonder are all ARF providers that diligent. To be fair, Zurich seem to have really good systems from various reports on here.
  14. S

    Age 65 mid year and PRSI

    I wonder how does an ARF provider know whether or not somebody is in receipt of a State pension?
  15. S

    What to do with extra cash?

    You can contribute €28,750 to your pension given your age and salary, regardless of any employer contribution. So, it doesn’t look like you are maximising your pension contributions. Paying down a mortgage ahead of schedule in priority to maximising pension contributions is a mistake, IMO. Is...
  16. S

    Recently mortgage free & what do we do now?

    Also, could you invest in your home to make it more energy efficient? Particularly with all the available grants, that can produce an excellent return on investment.
  17. S

    Recently mortgage free & what do we do now?

    The thing that immediately jumps out at me is that you have ample scope to boost your pensions. You could contribute an additional 22% (30% in total) of your salary (regardless of your employer’s contribution) to your pension for 2023 and every year going forward. That is the most...
  18. S

    Evaluating options with employment pension on retirement

    That looks like a fairly decent annuity rate. Do you have any other income (pension or otherwise)?
  19. S

    Financial Advice Needed - 7 years on from last post

    Ah, I think I can guess the job. Would he not be better off retiring, taking another job and start building another pension pot? In a sense, he’s working for half pay by not accruing additional pension entitlements.
  20. S

    Financial Advice Needed - 7 years on from last post

    I think that’s spot on. An index-linked pension of €36,500 from 60, with a surviving spousal benefit, has a capital value of well over €1m - it’s a very valuable benefit.
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