facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog external search brokercheck brokercheck Play Pause

News and views

Fifty is the new Sixty Five Thumbnail

Fifty is the new Sixty Five

When I arrived in Ireland in 2008 the Standard Fund threshold was €5.4M for pension benefits. Today it is just €2m with pension benefits accrued above this taxed at an effective marginal rate of up to 71%. However, post retirement fund (ARFs/Vested PRSAs for example) are not subject to the excess tax charge and therefore for many people getting the money out of the pension at age 50 is now the most logical strategy.