I’m thinking of maxing out employment pension AVC contribution until I retire. Advice on whether to pay in a lump sum now as well?
We’d like to give gifts to adult children, maybe €50k each. They are trying to save for buying somewhere to live in this dysfunctional housing market. Are there tax issues here? The IHT tax threshold from a parent is €335k – can 50K be put against this threshold now? I know the annual tax threshold is c. €3K. Is it worth considering setting up a trust or other financial mechanism for each adult child?
I'm not planning to retire early - enjoy job and probably can't afford it anyway.
I definitely wouldn't consider this as a drawback to paying your contributions for UK pension.guess that could also be a drawback about putting money into the UK pension if it brought us into the 40% bracket
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?