Tuesday January 28, 2020

Now is a good time to look at your retirement plans

With higher taxes on the horizon, retirement assets must be managed in the right way

22nd August, 2009

As we enter an era of higher personal taxation in Ireland, and with the Commission on Taxation likely to recommend the taxation of retirement benefits, many people are seeking advice on whether or not to bring forward their retirement plans.

Under current legislation, an individual can take a 25per cent tax-free lump-sum on retirement, up to a maximum of €1.25 million (indexed), so many clients are considering taking early retirement before the minister for finance...

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