National Pension Helpline - August 2024 Update

August 2024

Author

James Dorrian
August 26, 2024

Hi ,

With summer coming to a close and with 2025 on the horizon - it’s the perfect time to spend some time thinking about your pension.

With growing deficits in the Irish government’s Social Insurance Fund, Ireland’s pension landscape is at a critical juncture. In the UK, Keir Starmer’s Labour government are already discussing a means-tested state pension. Will Ireland follow suit?

This article explores the pressing issues within the state and private pension sectors, highlighting the urgent need for reform to ensure financial security for future retirees.

Fixing Pensions In Ireland

When compared to the pension systems of, say, the US and the UK, Ireland’s pension system appears to be archaic at the best of times.

nationalpensionhelpline.ie/pensions/fixing-pensions-in-ireland

We're excited to share that we've started rolling out more tax-related content, designed to help you maximise your income and build a stronger foundation for a secure retirement.

How To Pay Less Tax (As An Employee) In Ireland

In this article, we’re going to discuss 3 ways to pay less tax as an employee in Ireland.

nationalpensionhelpline.ie/taxation/how-to-pay-less-tax-as-an-employee-in-ireland

Tax Planning for Business Owners

In this article, we’re going to be talking about tax planning for business owners. Specifically, 7 methods of extracting cash from a company that business owners can adopt and a discussion about the tax efficiency of each method.

nationalpensionhelpline.ie/taxation/tax-planning-for-business-owners

And finally, we address a question from one of our readers who asked, “How can I set up a pension for my kids?”. In Ireland, the most common way to do that is through a vehicle called a “Bare Trust”. We explore this topic in detail below.

Bare Trust: Everything you Need to Know

Many parents are concerned about the pension landscape that will exist when their children come to retire. In the future, their children may not be able to rely on generous State provision or tax incentives that exist today.

nationalpensionhelpline.ie/taxation/bare-trust-everything-you-need-to-know

If you would like a particular topic covered or would like to contribute to next months newsletter please drop us an email to [email protected] 

Upcoming Topics: 

✅ How to fix the tax system for Irish Investors

✅ Budget 2025: Investor Impact Review

✅ Self Administered Pension Schemes (SAPS)