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Recent Developments

The Definitive Guide to Retirement Income

When discussing Retirement planning, we find the following questions are often the most common and difficult to answer: (1) How much will my Retirement Cost? (2)How will I afford it? (3) How do I generate the Retirement income I will need?

Budget 2020

Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D. delivered details of Budget 2020 on the 8th October 2019. It would be fair to say that Budget 2020 will be remembered for what it didn’t contain: no broad income tax cuts or increases in social payments such as pensions or child benefit or another huge €1bn rise in health spending. Against a backdrop of European political uncertainty Minister O’Donoghue decided to use a ‘no-deal’ Brexit scenario to frame this Budget.

Automatic Pension Enrolment Proposal

On the 22nd August 2018, the Government launched proposals on how a new auto-enrolment Pension Scheme may work. The proposals from the Social Protection Minister, Regina Doherty are open for consultation. The announcement of the ‘Scheme’ is intended to generate a debate around the proposed structure and where possible create a new and more applicable proposal for implementation. It is proposed that a period of consultation, will apply to the 4th November 2018.

Dealing with Volatile Investment Markets

For long-term investors, dealing with volatile markets can be taxing and at times quite frightening. The accumulation of Pension & Non Pension Capital has taken time and effort with a desire to ensure positive as opposed to negative growth is achieved on same. Here are some points you may want to consider in such Market conditions, as prevailing on the 1st Quarter of 2016. None of these should be new to you, but they are particularly important in a turbulent environment, which is where their true value is realised.

Budget 2017

Minister for Finance Michael Noonan introduced the 2017 Budget on 11th October 2016, in which a €1.3 billion package of tax cuts and public spending were announced. Further detailed measures will be included in the Finance Bill due to be published on 20 October 2016.

Budget 2016

On 13 October 2015, Minister for Finance Michael Noonan introduced Budget 2016, the final Budget of this government’s current term. Budget 2016 was widely welcomed in terms of the measures announced, particularly around personal taxation reliefs, rate reductions to USC and movement of entry points.

Budget 2015

On the 14th October 2014 Minister for Finance, Michael Noonan TD, and Minister for Public Expenditure and Reform, Brendan Howlin TD, announced the details of the 2015 Budget. For the second year running, the Budget was announced in October reflecting changes agreed at a European level, whereby the 18 Eurozone countries must submit their budgets to the European Commission by 15 October for scrutiny.

Proposed publication of the Pensions (Amendment) Bill, 2013

The Minister for Social Protection, Joan Burton TD, secured Government approval for a package of measures aimed at tackling difficulties in Defined Benefit pension schemes. The package addresses the situation where an underfunded Defined Benefit pension scheme winds up in deficit or elects to restructure. It can arise at present that pensioners receive all or almost all the pension fund and the members who have contributed but not retired receive considerably less than expected.

Budget 2014

Minister for Finance Michael Noonan introduced the 2014 Budget on 15th October 2013, followed by the Minister for Public Expenditure and Reform Brendan Howlin with the publication of the Spending Estimates. This Budget is the sixth in a series which is designed to redress Irelands’ budgetary position and return the Country to growth.

Gender Directive

The EU Gender Equalisation Directive was drafted and  implemented in 2004 to ensure equal treatment between men and women in accessing goods and services. Insurance products were exempted from the initial implementation of the Directive as statistical evidence demonstrated that different health and longevity risks faced by men and women.

Finance Act 2013

The Finance Act 2013 was signed into law on 27 March 2013. The Act gives effect to the tax measures announced in December’s 2012  Budget.  The Act contains legislation to implement measures previously announced, which include...

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