What I said.So what are you saying?
What I said.So what are you saying?
Well, let’s say you retire at 65 with a portfolio equivalent to 25 years of expected expenses, net of the State pension.I also think 10 yrs expenses in cash is extreme but open to persuasion.
Gut feeling is 5 is prudent.
The state pension will be €15k in 2025. It’s the majority or a large minority of most retirees’ cash income in Ireland. It serves a large layer of free insurance.net of the State pension.
Thank you. That's something I was thinking about but I wasn't sure it was a good idea. I think that's it's a good option for some of the funds anyway.I would consider pre-loading some AVC’s to get tax-free compounding going asap (unless buying a basket portfolio of stocks is your thing) and claim tax back in future years.
Is it though? The general advice is usually to max pension contributions up to one's age related tax relief limit assuming that you're paying high rate tax on the lot. But not if you're only paying lower rate tax. In which case making contributions that don't benefit from any tax relief on the way in and are not guaranteed to do so at a later date doesn't seem prudent. But maybe there are circumstances in such these rules of thumb should be bent...?Thank you. That's something I was thinking about but I wasn't sure it was a good idea. I think that's it's a good option for some of the funds anyway.
Maybe SRCOPs and credit can be moved between spouses to maximise tax relief.Is it though? The general advice is usually to max pension contributions up to one's age related tax relief limit assuming that you're paying high rate tax on the lot. But not if you're only paying lower rate tax. In which case making contributions that don't benefit from any tax relief on the way in and are not guaranteed to do so at a later date doesn't seem prudent. But maybe there are circumstances in such these rules of thumb should be bent...?
Would you be able to confirm what this is? Thank youSRCOP
Standard Rate Cut-Off Point.Would you be able to confirm what this is? Thank you
Standard rate cut offWould you be able to confirm what this is? Thank you