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Your Pensions Encyclopedia – Making Sense of Pension Products and Key Terms

Setting up or managing your pension can at times be overwhelming. There are so many products and terms, it can be hard to know for example the difference between your ARFs and AMRFs. Below we have compiled a list of regularly used pension terms and their meanings, that we hope…

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No Guarantee of State Pension for Younger Workers

Younger workers can no longer take the State Pension as ‘a given’ according to Ireland’s chartered accountants.This warning comes in conjunction with the findings of budgetary watchdog, the Irish Fiscal Advisory Council, who advised that it would cost the State an…

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Merry Christmas from all the Team at ITC

Our office will be closed from the evening of the 23rd of December, to reopen on January 4th, 2021. Please note that we will process bank transfers and requests that are received before 12pm on the 23rd December 2020.We would like to take this opportunity to wish you a very…

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The Roadmap for Pensions Reform – What’s Really Changing?

On 13th November, the Government’s Interdepartmental Pensions Reform & Taxation Group (IDPRTG) published its long-awaited conclusions, following two years of public consultation and market research. While the 145-page document contains a huge amount of detail, the key…

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Private/Non-Pension Trusts Part III - Commercial Trust Arrangements

In part 1 of this (very) occasional series of blogs on private and other non-pension trusts, we looked at the origins of trust law and the basic concept of trusts.  It is simple enough - someone (the settlor) gives property of any kind to one or more persons (the…

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Reduce 2019 Tax Liability Overnight with ITC Nexus

With the Revenue online tax filing deadline approaching, the inevitable question arises as to how to reduce the tax bill. Tax relief on pension contributions is still one of the best answers. If your client does not have a pension scheme or if the existing pension provider…

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What’s Next for the Pensions Industry? Part 3

So far in this blog series we have discussed what was anticipated for the pensions industry in 2020 due to expected and unforeseen changes. You can find part 1 and 2 of this series here. Looking at the impact on pensions from Covid-19, there are also longer-term…

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What’s Next for the Pensions Industry? Part 2

In part 1 of this 3-part blog series we took a look at what was anticipated for the pensions industry in 2020 due to legislative changes mainly from the EU, and both domestic and international political developments.In this part, we will examine the more unexpected…

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What’s Next for the Pensions Industry? Part 1

At the beginning of 2020, the pension industry anticipated a year of development. We have certainly experienced much change, albeit much of it from unanticipated events. We can however learn from our response to these events, and this will inform how we deal with future…

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The 8 Things You Need to Know About Pension Property – Part 2

In part 1 of this series of blogs, we discussed what pension property is, why consider it, why now is a good time and what the rules are. If you have yet to read part 1, please click here. 5. So, how does pension property compare to investing in property outside of a…

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