New Ireland charges

D

Daragh29

Registered User
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Hi, my wife is with new ireland, she has been paying avc's into the IRIS retirement fund 2042. I've been trying to find the charges associated with this fund on their site but I've been unable. They are extremely unresponsive to requests for info. Can anyone please advise where we can find fund management fees and other associated charges.
Thank you
 
Any use?

New Ireland Passive IRIS

Good morning, Currently 35 years old and I have been in the Passive IRIS with New Ireland for the last year but we now have to fill out the forms again as we are moving from PRSA to DC in work. I'm currently 5%/5% employer/employee split with 2% AVC on my own. Have a friend who is telling me...
www.askaboutmoney.com
 
This is what New Ireland charges on my employer's AVC scheme.

Please note that this fee scedule might be specific to this particular AVC scheme



BASIS C- from1 March 2022 for regular Payroll Contributions:
Minimum AVC contribution by Payroll deduction €200

Monthly contribution Net Allocation invested /%charge
No Bid/offer spread applies
< €250 per month 95%- ( 5% charge )
>€250 < €1,000 per month 96.4% (3.5% charge)
>€1,000 per month gross 97.45% ( 2.55% charge)

No Bid/offer spread applies to contributions.
Monthly policy fee of €3.81 per month
Pensions Authority fee €8.00 per annum.



Fund Management Charge: 0.75% per annum on value of your fund
Other funds as outlined below-
Prime Funds 3,4,5, Equities 0.75% per annum
Pension Cash Fund = 0.65%
Passive IRIS-Retirement | Annuity | lump sum = 0.65%
iFunds 3 = 0.85%
ifunds 4 and iFunds 5 = 0.90%
iFunds Equities = 0.95% per annum
BNY Mellon Global Real Return Fund (GRRF) =1.1% per annum
All other funds are at standard 0.75% per annum


ALL AVC Lump sums – see charging sheet
 
ClubMan said:
Any use?
Click to expand...
That's brilliant thanks
 
She's in the managed fund
 
Be aware that there are two types of charges that apply: charges on the fund itself and charges on the product. The latter can vary widely depending on the size of the AVC scheme and how the broker set it up. So as @Protocol cautioned in their post, the charges that apply to their New Ireland AVC could well be completely different in another AVC scheme, even though both are with New Ireland.

@Daragh29 You should ask your broker to confirm the charges for you. They SHOULD be more responsive than New Ireland.
 
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