Category: Starting a pension

I’m interested to understand what happens my pension when I die. I have a pension which is invested in a rental property and would like to ask: what happens to the subject property on the death of the pension beneficiary and their spouse? Can it be passed down, by will, together with the rest of the estate, or … Continued

It’s almost the end of 2020 – and most of us will be happy to see it gone.  Before we do, here are Moneycube’s five to-dos to wrap up your 2020 investments and finances. 1. Review your capital gains tax position If you purchase shares directly, this one’s for you. Every taxpayer in Ireland has … Continued

A Personal Retirement Bond (sometimes called a Buyout Bond) is a pension account you can use to transfer out pensions from old jobs.  You keep all the tax benefits of a pension, but cut the link with your old employer. Using a Pensions Retirement Bond means you are fully in control of investment choices, get … Continued

I have a Revenue-approved small self-administered pension (SSAP) fund with €300,000 in cash. I would like to invest it in building a house for rent. The house would be owned by the fund and the rental income paid into that. I have identified a site in Limerick. Can my SSAP fund purchase the site, apply … 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 is there a … Continued

Irish Life ran a great ad ran last year, showing women queueing up at an ice-cream van on a summer’s day to buy a 99. Imagine their disappointment to be told they could only be served a “77”. What’s that? Well, it’s the same ice-cream, but yours is 22% smaller.  Heck, even the flake is … Continued

If your employer pays over your contributions, then they’ll typically handle the tax deductions for you.  But if you’re paying into a personal pension each month from your own bank account, you’ll need to let Revenue know so that they can adjust your tax credits. Here’s Moneycube’s handy guide to claim your tax credit on … Continued

The government really wants you to save for your retirement.  So they offer three great tax advantages to encourage you to save into your pension. Here’s Moneycube’s explainer on the three tax concessions for pension savers.  Read how tax relief on pensions in Ireland works, how much you can claim, and how that will accelerate … Continued

When you leave a job, you’ll need to make decisions about your company pension. You should receive a letter setting out the options you have to deal with your pension fund.  We’ve set out what the most common options mean over here. This blog explains the documents you’ll receive, and how the process of moving … Continued