Blog

What Happens My Pension Benefits When I Leave Employment?

Starting a pension at the earliest opportunity is an important part of ensuring you have enough money for retirement, but what happens to your pension benefits when you leave employment?When someone leaves service, they will likely become entitled to a preserved benefit in the…

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ITC Awarded Independent Trustee Firm of the Year 2022

ITC Group is delighted to announce that we have been awarded ‘Independent Trustee Firm of the Year’ at the Irish Pension Awards 2022.The Irish Pensions Awards give recognition to those pension funds and providers who have proven their excellence, professionalism and…

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You Spoke, We Listened, We Acted!

In April 2022 we introduced our new client feedback system - Customer Voice. This system allows our clients and advisors to actively rate our service and provide suggestions on how we can improve our processes.Since its introduction we have been consistently monitoring your…

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Reduce 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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UK Pension Transfers Post Brexit

Over the last decade we have seen a number of moves from the U.K. Government to make it more difficult to move pension schemes out of the country and also out of Defined Benefit (DB) schemes.As discussed in an article pre-Brexit, this started with removing the ability to…

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Key Points You Need to Know About Pension Property - Part 2

In part 1 of this blog, we discussed what is pension property, why consider it, why now and what are the benefits. If you have yet to read part 1, please click here.5. What are the rules?The sole purpose of the investment must be to provide benefits on retirement. It…

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Key Points You Need to Know About Pension Property - Part 1

Saving for retirement is an important part of retirement planning. The sooner you begin saving, the better prepared you will be for your retirement – and the more benefit you will receive from the available pension tax reliefs. Effective investment of your pension scheme is…

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What Are My Options If My Pension Scheme Has Insufficient Funds to Purchase Property?

Property investments in self-administered pensions have long been a specialty of ITC, and many of our clients have benefited from the strong yields generated by buying property with their pension funds. The tax benefits of purchasing property through your pension scheme…

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Pension Property Through Unit Trusts

Since the implementation of the IORP II Directive, there has been much confusion around purchasing property through pensions. In our latest webinar for advisors, ITC’s Eoin Hassett aimed to bring clarity to this subject by addressing the benefits of using a unit trust.…

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What Duties and Responsibilities Do Trustees Have?

A “trust” is a legal arrangement under which trustees hold the assets of the pension scheme in a trust fund for the benefit of the members of the scheme, their dependants and for the main purpose of providing income in retirement.Under trust law and the Pensions Act 1990,…

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