An analysis of pension payments by Irish Life has shown that the company paid out €236m to its customers in 2015, compared to €179m in payments in 2010, an increase of nearly 32%. This increase represents the changing pensions landscape, which is moving from defined...
ACCESSING DECEASED BANK ACCOUNTS Q – My wife died recently and left me details of all her savings accounts. Unfortunately, when I tried to withdraw the money from those accounts, I was told that I need to get in touch with the Revenue Commissioners before any...
Rudyard Kipling once said “Words are the most powerful drug known to mankind” If that is the case, then pension literature and pension talk must be the sleeping pills of the English language. As we approach an important part of the year as far as pensions are...
KBC Bank have just raised the mortgage bar a notch or two following their new lower rates announcement yesterday. Good news too for their existing customers as they will be able to get the same lower rates based on the equity they have in their homes. The lender...
HOLDING OUT FOR AN ARF Q – Recently retired at the age of 58, I have just taken out an Approved Retirement Fund (ARF) and have been told I must take this “imputed distribution” of 4% of the fund each year up to age 70 and 5% after. Is this true – I don’t really want...
It’s a subject none of us like to think about but the Post Insurance Funeral Price Index, a new survey from Post Insurance, one of Ireland’s leading insurance providers (www.postinsurance.ie) and a wholly owned subsidiary of An Post, shows that, in many instances,...
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