Auto-Enrolment Pensions Ireland

03/05/2022

Auto-Enrolment Updates : Employers , are you prepared for what is coming ? contact us for a No Fee consultation.
Covermore Financial
Ph: 01 862 3000
[email protected]

Pricewatch: State-backed pension scheme is due to start operating in 2024, and makes a lot of sense

29/03/2022

New Workplace Pension Savings Scheme - Update 29th March
The Scheme includes matching employer contributions and a State Top-up. For every €3 saved by a worker, a further €4 will be credited to their pension savings account. When fully established a worker earning €35,000 p.a. will accumulate a fund (excluding investment returns) of €293,000 over their working life.
Covermore Financial
The Pension Professor
Phone: 01 862 3000

Cabinet also set to approve a €10m package of supports for tour operators and travel agents

29/03/2022

New Workplace Pension Savings Scheme - Update 29th March
The Scheme includes matching employer contributions and a State Top-up. For every €3 saved by a worker, a further €4 will be credited to their pension savings account. When fully established a worker earning €35,000 p.a. will accumulate a fund (excluding investment returns) of €293,000 over their working life.
Covermore Financial
Auto-Enrolment Pensions Ireland
https://www.gov.ie/en/press-release/0a98a-new-workplace-pension-scheme-for-ireland-minister-humphreys-announces-details-of-automatic-enrolment-retirement-savings-system/ #

The Minister for Social Protection, Heather Humphreys T.D., has today announced the details of the Final Design principles for the Automatic Enrolment Retirement Savings System for Ireland.

29/04/2021

𝗕𝗔𝗡𝗞𝗦 𝗧𝗢 𝗖𝗛𝗔𝗥𝗚𝗘 𝗡𝗘𝗚𝗔𝗧𝗜𝗩𝗘 𝗜𝗡𝗧𝗘𝗥𝗘𝗦𝗧 𝗥𝗔𝗧𝗘𝗦 𝗢𝗡 𝗣𝗘𝗡𝗦𝗜𝗢𝗡 𝗖𝗔𝗦𝗛
𝗜𝘀 𝘆𝗼𝘂𝗿 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗲𝗱 𝗵𝗲𝗮𝘃𝗶𝗹𝘆 𝗶𝗻 𝗰𝗮𝘀𝗵 ? 𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 ?
𝗜𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗰𝗼𝗻𝗰𝗲𝗿𝗻𝗲𝗱 𝗼𝗿 𝘄𝗼𝘂𝗹𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗳𝗶𝗻𝗱 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝗳𝗼𝗿 𝗙𝗥𝗘𝗘 𝗮𝗱𝘃𝗶𝗰𝗲 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗽𝗲𝗻𝘀𝗶𝗼𝗻.

Many pension fund holders are likely to face a hit to their savings in the near future following a move by Bank of Ireland to impose negative interest rates on cash it holds on deposit from a number of investment and pension trustee firms from the 15th September 2020. This is a move which more banks will follow in due course.

29/04/2021

𝗪𝗶𝗹𝗹 𝘆𝗼𝘂 𝗹𝗼𝘀𝗲 €𝟯𝟴,𝟳𝟯𝟱 𝗮𝗻𝗱 𝗻𝗼𝘁 𝗯𝗮𝘁 𝗮𝗻 𝗲𝘆𝗲𝗹𝗶𝗱 ?

The retirement age for the state pension has been moved from 65 to 66 years of age .It will move to 67 years of age in the next year or two and is planned to be 68 years of age in 2028. If you were born after 1961 you could lose 3 years pension entitlement.

100,000 people protested about water charges but nobody protested about this change to your entitlement. Does this worry you ? Contact us for FREE advice about your pension or retirement plans.
Covermore Financial Broker