If you’ve spent a few years working in the UK, it’s likely you’ve built up some decent pension provision. Now you’ve moved back, should you bring your pension with you? Here are five questions to help you decide. Why should I move my UK pension? There are several reasons bringing your pension back to Ireland … Continued
Category: Retirement planning
If you are approaching retirement, Moneycube provides independent financial advice to help you plan for your future income.
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Is your money in Standard Life’s GARS fund? If the answer is yes, it’s time to review your investment strategy – and the advice you’re getting. The Global Absolute Return Strategies fund has been a favourite for Irish financial advisers and brokers in recent years. We’re wondering why. Got money stuck in GARS and wondering … Continued
It’s never too late to start a pension. And with generous tax relief, longer lifespans and lots of investment options, it’s almost always worth doing. Moneycube explains why, and what you should do to start a pension today. Good reasons for starting late Many people worry they haven’t started saving for retirement early enough. But … Continued
With the average pension pot in Ireland somewhere in the region of €90,000, a pension pot of half a million is something many people can only dream of. But how far would it get you? We’ve carved up a notional €500,000 pension fund at retirement to see if it’s enough. Just want to get started? … Continued
Irish Life Multi-Asset Portfolios (or Irish Life MAPS) is hard to avoid. It’s the biggest multi-asset range of funds in Ireland. It sometimes seems like its advertisements are on the side of every bus. And AIB, Permanent TSB and Ulster Bank also promote it heavily. So is it right for you, and what’s the alternative? … Continued
For most of us, the days of a guaranteed pension for life from our employer are gone. If you’re reading this, your pension options at retirement are probably more complicated. These days, you have several choices to make use of your defined contribution pension pot. Most people have built up a ‘defined contribution’ pension fund … Continued
For some reason, many people investing their money in Ireland get talked into investments which lock up their cash for five years or even longer. Moneycube explains why most people should avoid investment plans that come with early exit fees attached. And if you’re considering a plan like this, we have some simple suggestions before … Continued
The State pension currently pays €243.30 per week, or around €12,700 per year. It is paid to people from the age of 66. The age at which it’s paid is moving up: it’ll be paid from age 67 if you were born between 1955 and 1960, and from age 68 if you were born after 1960. … Continued
An Approved Retirement Fund, or ARF, is a pot for your pension money after you retire. When you retire, the pension fund(s) you have paid into (perhaps an executive pension, a personal pension, or a PRSA), are available to you. You can then take decisions on what to do with this money. One of your … Continued