Smart options for departing Intel employees on what to do with their pension.
AIB staff pension scheme trustees have just reported to members that scheme assets in June 2015 were €4.43 billion, an increase of €1.68 billion from €2.75 billion in June 2012. Following on from this the scheme’s trustees have now decided to reduce the scheme’s risk assets from 77.3% at June 2012 to 46.7% in December […]
The actual figure is €990 million but what’s €10 million between friends (like an employer and the workers whose future is reliant on their employers promise. With friends like these……
Deferred members of the Anglo Irish Bank (Now IBRC) Pension scheme(s) are currently being informed that their pensions will be reduced following the decision to wind up the schemes. This is down to Irish retirement rules rather than a decision of the trustees.
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 […]
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 […]
If You’re Leaving AIB, And You Are Looking For Security, We Can Help International Pensions Transfer Consultants can give you financial security with 30% of your pension as a lump sum. So you’re about to leave, or have already left, AIB? Did you know that you may be able to transfer your pension to Malta […]
Recent UK Pension reforms mean that uncertainty has risen inside the QROPS industry. If you are looking to have your overseas pension scheme transferred from the UK before the age of 55 you could now face tax charges from the HMRC. From 6 April 2015 the UK will favour pension savers over the age of […]
Is It A Good Idea? The UK has recently reformed some of its pension rules. From 6 April 2015 these reforms include: A new flat rate state pension, Tax changes for the beneficiaries of your retirement fund, No more annuity purchase requirements. There is also an option to withdraw from your pension schemes with complete freedom […]
Compulsory Workplace Pensions Will Be Enforced says Minister For Social Protection Ireland is one of the only two OECD countries not to enforce any form of mandatory pension schemes in the workplace. This need for tighter pension provisions has recently been identified by the Minister for Social Protection. The necessity for a sustainable Irish pension […]