The Pension Professor

Confused about pensions ? Do you own a company and want to reduce your tax bill ? Do you have an old pension which you have forgotten about ? Ask the expert.

18/05/2022

The new Covermore Website is now live !!! ๐Ÿคฉ๐Ÿฅณ๐Ÿคฉ๐Ÿฅณ
Nigel McConnell
Ph: 01 862 3000
[email protected]

14/01/2022

CAN YOU AFFORD TO LIVE ON โ‚ฌ248.30 PER WEEK ?

If the answer is No

Please Contact me for a No Fee Consultation.

[email protected]
Ph : 087 051 6247

Plans to proceed with raising State pension age meet stiff resistance 14/09/2021

CAN YOU AFFORD TO LIVE ON โ‚ฌ248.30 PER WEEK ?
Contact me for a No Fee Consultation.

[email protected]
Ph : 087 051 6247

Plans to proceed with raising State pension age meet stiff resistance Pensions Commission set to recommend retirement age should not increase until 2028

30/06/2021
17/06/2021

๐—ฃ๐—ฒ๐—ป๐˜€๐—ถ๐—ผ๐—ป๐˜€ - ๐—ฅ๐—ฒ๐—ฑ๐˜‚๐—ฐ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ง๐—ฎ๐˜… ๐—น๐—ถ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†.

๐—ค: ๐—ช๐—ต๐—ฎ๐˜ ๐—ง๐—ฎ๐˜… ๐—ถ๐—ป๐—ฐ๐—ฒ๐—ป๐˜๐—ถ๐˜ƒ๐—ฒ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜€๐—ฒ๐—น๐—ณ-๐—ฒ๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—ฒ๐—ฑ ๐—ฝ๐—ฎ๐˜†๐—ถ๐—ป๐—ด ๐—ถ๐—ป๐˜๐—ผ ๐—ฎ ๐—ฝ๐—ฒ๐—ป๐˜€๐—ถ๐—ผ๐—ป?

A: The good thing about pension contributions for self-employed people is that you can reduce your tax bill for the previous year, and in doing so also reduce the preliminary tax for the current year. If the actual tax bill you have for 2020 is reduced, your preliminary tax bill for 2021 is also reduced, so thatโ€™s a double benefit when you are starting a pension.
Pensions & Auto-Enrolment Ireland

17/06/2021

๐—ช๐—ถ๐—น๐—น ๐˜†๐—ผ๐˜‚ ๐—น๐—ผ๐˜€๐—ฒ โ‚ฌ๐Ÿฏ๐Ÿด,๐Ÿณ๐Ÿฏ๐Ÿฑ ๐—ฎ๐—ป๐—ฑ ๐—ป๐—ผ๐˜ ๐—ฏ๐—ฎ๐˜ ๐—ฎ๐—ป ๐—ฒ๐˜†๐—ฒ๐—น๐—ถ๐—ฑ ?

The retirement age for the state pension has been moved from 65 to 66 years of age .It will move to 67 years of age in the next year or two and is planned to be 68 years of age in 2028. If you were born after 1961 you could lose 3 years pension entitlement.

100,000 people protested about water charges but nobody protested about this change to your entitlement. Does this worry you ? Contact us for FREE advice about your pension or retirement plans.
Covermore Financial Broker

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