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In our recent webinar for advisors, ITC’s Aidan McLoughlin and ITC International’s Caroline Spiteri discussed the latest developments in international pensions.Topics included:Malta Pensions – The Key Benefits Recent Tax Developments – Lump Sums; ARFs Changes to…

The news media of late has reported on various indicators like the Consumer Price Index (CPI) showing the inflation rate receding from its recent highs. However, looking back to the mid 1960’s to the early 1980’s, inflation came in waves. History shows that it is possible…

Since the introduction of IORP II, trustees of occupational pension schemes are obliged to consider Environmental, Social, and Governance (ESG) risks and include them in their investment decision-making process. This reflects the growing recognition of the importance of…

Interested in investing in property through your pension but don’t have enough funds in your scheme? The solution could be a loan within your pension, but how does it work?Step 1: Set up your ITC self-administered scheme. Currently our ITC PRSA and ITC Buy Out Bond schemes…

In the most recent Finance Act, the Government introduced a major change in the rules around PRSAs which will benefit those who wish to retire and remain in the PRSA. From January 2024, you are able to take income from the Vested PRSA in the years following turning 75.This is…

As of January 1st, 2024, all residential pension properties must be registered with the Residential Tenancy Board (RTB) in order to maintain tax exemption.Currently rental income through pension property is not subject to income tax but in order maintain this exemption, all…

Earlier this year we conducted a survey to gauge the opinions of our advisors on recent developments in the pension space.The survey of over 100 pension advisors covered topics such as:ARFs Vs Annuities Master trusts Vs PRSAs Changes to state pension Effects of Finance Bill…

The deadline to pay in pension contributions and claim relief on your 2022 income tax is October 31st.  This can be done with a once off payment known as an Additional Voluntary Contribution (AVC) through the following pension plans:Personal Retirement Savings Accounts…

In our last blog we took a look at the 2022 legislative changes to the PRSA and the key benefits since the Finance Bills introduction. In this blog we will be looking at a number of points to keep in mind when contributing to a PRSA.Whilst the ability to make large…

With the Revenue Tax deadline approaching, the question arises of how to reduce the tax bill. Tax relief on pension contributions is still one of the best answers. With this in mind we have put together a breakdown of the recent legislative changes to the PRSA and key benefits…