Category: Starting a pension

The government has announced changes to the lifetime pension cap (also known as the standard fund threshold) in Ireland.  Currently the cap is €2 million, and beyond that, a penalty tax applies. The aim is to make sure the government gets its tax take. (There are some ways to squeeze a bit more below the … Continued

Everything you need to know to make a last-minute pension contribution ahead of the 2023 income tax deadline Making a lump sum pension contribution is a great way to rapidly increase your pension provision and secure your financial future. And now is a great time to top up your pension – sometimes called an Additional … Continued

PRSAs can get complicated, but truth be told, many of us have the same questions.  Moneycube is here to help with our FAQ! From the benefits of a Personal Retirement Savings Account, to withdrawing it, and everything in between, here’s Moneycube’s rundown of everything you ever wanted to know about PRSA pensions in Ireland… but … Continued

Investors in risk assets will be pretty satisfied with the first half of 2024.  Most funds delivered sustained positive results.  Investors were rewarded in almost all asset classes, with equities up over 15% in Euro terms, bonds delivering continued yield, and gold and silver both reaching their highest prices in over a decade. Read Moneycube’s … Continued

If you work for yourself, funding a self-employed pension is something that can get left behind.  There are plenty of competing demands on your cash, especially in the early years of trading.  Here’s how you can make a start on your pension if you’re in your 40s and self-employed. Some good news to begin with … Continued

Auto-enrolment – the practice of automatically signing up workers to pay into a pension – is coming to Ireland – likely next year. There’s no doubt it’s a positive development for the people of Ireland, and the affordability of pensions in the decades to come. Legislation to make it happen is inching through the Oireachtas, and … Continued

Is the stock market getting more volatile?  Or does it just seem that way?  And what should you do about it? There’s no doubt the 2020s have been chock-full of shocks so far. We might have hoped for a roaring twenties… in fact we’ve had pandemics, war, and shortages driving inflation. For sure, the world … Continued

I keep reading that a system for automatically enrolling workers in a State pension system is imminent, but it never seems to arrive.  As a result I’ve held off starting a pension until auto-enrolment is available – is that wise?  I’m a top-rate taxpayer in my late fifties, so paying 52% tax plus PRSI and … Continued

Welcome to Moneycube’s annual roundup of the best investments available in Ireland. We’ve chosen five funds we think have strong potential for the year ahead in the wake of tricky 2023, and a promising start to 2024.  If you’re looking to invest money in Ireland, read on. Whether you’re a new investor, or looking to invest … Continued