The Earlier the Better
It’s true that the earlier you start your pension, the better. You have the benefit of time on your side and a regular amount saved every month can accumulate to a significant sum of money by the time you reach retirement.
Transferring your UK pension back to Ireland
Both Brexit and the growth in the Irish economy relative to the UK are encouraging emigrant workers to return to Ireland. Consequently, Irish pension providers are seeing an increase in people moving their pensions back to Ireland.
A new report from the Economic and Social Research Institute (ESRI) based on data from 2010 gathered for the Irish Longitudinal Study on Ageing, has found that men get €433 per week on average, with women receiving just €280 per week from their private pensions.
So you’re thinking about retiring. Leaving the workplace is a major milestone and is one of the biggest shifts you’ll experience in your lifetime. Many people find it difficult to adjust to the change but these handy tips could make the process a little bit easier
With 120,000 Irish Residents holding British pensions, Brexit negotiations have got people thinking about transferring pensions from the UK to Ireland.
