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.