Arklif pip ssia

[pAnTs]

Hiya I was a little confused at my PIP SSIA valuation. Basicaly it shows the table below, my first question is

A/ why is the Estimated value before Tax and the estimated value After Tax the same? also is the governments incentive in the estimated value before and after tax? there's about 100 euros in the difference a couple of grand shy of what it should be.



Frequency MONTHLY
Contributions paid to date excluding government incentive €X,XXX.XX

Estimated Value
Estimated Value Before Tax €X,XXX.XX
Estimated Value After Tax €X,XXX.XX

 

[j26]

The first XXXXXX is what you paid in yourself (i.e. the government used to top this up by 25%)

The second one is the value before the 23% exit tax is applied. Since you kept the policy to the end of the SSIA scheme, this tax no longer applies.
The third one is the value after the 23% exit tax. Since you kept the policy to the end of the SSIA, it doesn't apply and that is why the second and third figures are the same. During the SSIA scheme (2002-2007), those values were different.

In effect your SSIA has lost the entire government contribution plus or minus that hundred quid you're talking about.

If you don't need to cash it in, hang on and the value will most likely rise in the medium term.

 

[pAnTs]

oh Gawd I thought as much. Sob.... Sob. Im down a lot. I wont be cashing it now, Im still paying into it, is that ridiculous??? I know some of my investments are in Irish property and a mixture of hi risk and lo risk Irish companies.
Thanks so much for your reply