National Pension Helpline - September 2024 Update

September 2024

Author

James Dorrian
September 11, 2024

Hi ,

With the upcoming budget, we explore how investments are taxed in Ireland and highlight the disadvantages Irish investors face compared to their European counterparts.

“Fixing” Ireland’s Taxation of Investments

We look at how popular investments are taxed in Ireland, and review the negative impact of the Irish tax system on investors.

nationalpensionhelpline.ie/taxation/fixing-irelands-taxation-of-investments

We have also reviewed the proposed PRSI reforms. According to the ESRI and the National Pension Helpline, these reforms may fall short in adequately funding the Social Insurance Fund (SIF) to meet the future demands of the State Pension and the broader Social Welfare system.

Could this be a good place to park some of the €13 billion Apple windfall tax?

PRSI Reform Required to Fund State Pension may not be Enough in the Future

It is widely acknowledged that PRSI reforms are required to maintain the age of State pension entitlement at 66, as well as finance social welfare reforms such as pay - related social welfare benefits. But will it be enough?

nationalpensionhelpline.ie/news/prsi-reform-required-to-fund-state-pension-may-not-be-enough-in-the-future

Do you have pensions with a former employer? If you are over 50 in Ireland you can access 25% of it tax free. Check out our article below to find out how.

Cashing in your pension at 50 Ireland

Once you turn 50, you can cash in your pension early and access a 25% pension tax free lump sum from. Here’s everything you need to know:

nationalpensionhelpline.ie/pension-advice/can-i-cash-in-my-pension-early

Upcoming Topics: 

✅ Budget 2025: Investor Impact Review

✅ Self Administered Pension Schemes (SAPS)

✅ The Irish Taxation & Investment Glossary

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]