One of the statistics that emanated from the Austerity era, which seems to have been overlook by most, came from the HSE means test of over 70’s in Ireland. In the boom times, all Ireland’s over 70’s had been granted GP & other medical cards and the means test sought to identify those that did not need the State’s assistance. The results led to 95% of recipients retaining … [Read more...] about The Pensions Time Bomb – Can we ever afford to retire?
Pension funding tax breaks are subject to limits. Going over these limits can trigger a penal tax charge. In this article we discuss the maximum you can contribute to your pension, the penalties for exceeding the threshold and strategies to minimise any potential penalties. Contribution limits Currently you can take private pension benefits funded with the benefit of Irish … [Read more...] about Maximum funding of your pension – Beware the limit!