Hi, My wife who is a public servant intends to retire in May this year.
She is wondering if its any benefit to her if she makes a Last minute AVC.
She has 43 years service, worked full time for 18yrs & part time for 25rys, so she has 30 years for lump sum calculations.
Her lump sum will be €68000 ~ if she had worked full time it would be around €78000~
she has two PRSA's total value €20000~
she pays tax @20%, In 2023 she paid about €900 in tax and got a refund of about €500 in health expenses last month.
So is there any benefit to her in making a Last minute AVC.
Thanks
She is wondering if its any benefit to her if she makes a Last minute AVC.
She has 43 years service, worked full time for 18yrs & part time for 25rys, so she has 30 years for lump sum calculations.
Her lump sum will be €68000 ~ if she had worked full time it would be around €78000~
she has two PRSA's total value €20000~
she pays tax @20%, In 2023 she paid about €900 in tax and got a refund of about €500 in health expenses last month.
So is there any benefit to her in making a Last minute AVC.
Thanks