Friday April 10, 2020

Budget shock for pensioners

Regrettably, the Minister for Finance has failed to introduce any of the changes for which the pensions industry has been lobbying.

10th December, 2005

Regrettably, the Minister for Finance has failed to introduce any of the changes for which the pensions industry has been lobbying. While the Minister said the Government wished to encourage pension investors to invest more for their future retirement, he has, in fact, chosen to penalise a large proportion of pension investors.

Overview

Retirement funds for individuals have been capped at €5million. In the event the value of such a fund is higher at 7...

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