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100% Capital Protected 7 Year Pension Bond |
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L.I.F.E. IRELAND are pleases to announce the launch of Ireland's most innovative Pension Tracker Funds, in conjunction with Acorn Life and, which provides the advantages of investment in equities but without the associated down side risks.
For more information click on the Key Features link below or contact our offices on 01-2940102 OR via email on,
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CAPITAL PROTECTED EURO FUND 4 |
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100% Capital Guaranteed Investment Bond |
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L.I.F.E. Ireland are pleased to announce the launch of their 100% Capital Guaranteed Investment Bond in conjunction with Acorn Life.
Click Here for more information or contact our office on
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The annual earnings limit for pension contributions has been reduced from €150,000 to €115,000 for payments made in 2011. The maximum allowable pension fund on retirement has also been reduced to €2.3 million. A higher threshold may apply if the value of the individual's pension fund on 7 December 2010 is greater than €2.3 million.
The annual imputed distribution which applies to the value of assets in an ARF at 31 December each year has been increased from 3% to 5%.
The overall lifetime limit on the amount of tax free retirement lump sums that an individual can draw down is reduced to €200,000. The amount between €200,000 and €575,000 will be taxed at the standard rate of income tax. Any amount in excess of €575,000 will be taxed at the taxpayer's marginal rate of income tax. Tax free retirement lump sums taken on or after 7 December 2005 will count towards "using up" the new tax free amount. This change takes effect from 1 January 2011 so anybody considering retirement should do so before 31 December 2010 if their tax free lump sum is likely to exceed €200,000.
All members of defined contribution pension arrangements should have access to flexible options on retirement in respect of the main benefits arising from those schemes, subject to certain conditions.
The flexible options will be provided for in the Finance Bill and it is likely that the ARF and PRSA options will be available to all employees in defined contribution schemes.
The National Recovery Plan provides for a phased reduction in income tax relief on pension contributions from 41% in 2011 to 20% in 2014. In addition, from 1 January 2011, employee contributions to pension funds will be subject to employee PRSI and the Universal Social Charge.
10.75% employer PRSI will also be payable on 50% of employee contributions made to pension funds. |
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Investment Bond January 2011 |
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New 100% Capital Protected Lock-In Bond3
Click on the link blow to find out more anyone the100% Capital Protected Lock-In Bond3. This is a inovative investment Bond with a 5 year and 1 month term.
Click Here for more informaiton about the Bond |
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On the 7th December 2010 at 15:15 Brian Lenihan unveiled the most severe Budget in living memory for Irish citizens. At a time when the eyes of the world are on the Irish economy and this Fine Fail lead Government lay out the first stage of “The Four Year Plan”. For detailed information on the Budget please
All the relevant information on pensions is located between pages 10 – 12. Very interesting reading indeed. |
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