At retirement, some individuals will have the option to retire under the ‘new rules’. These give people the option to take up to 25% of their pension fund as a tax efficient lump sum, with the balance invested in post-retirement savings plans known as Approved Retirement Funds (ARF) and Approved Minimum Retirement Funds (AMRF). One […]
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A Possible Return Of The Pension Levy?
Following a recent €180 million deal for the Waterford Crystal Pension Scheme members, in which the State has been forced to fund the pension deficit of the wound up pension scheme, at least four other pension schemes have contacted the Department of Social Welfare seeking support for underfunding issues. While four schemes might be small […]