Pension Schemes

[Smark]

Is this a general point or aimed at me? I am in high risk funds.

[The_Most_Infamous]

General point, mate

Emerging markets keep growing and look a great bet long term when you arent close to retirement age.

[Smark]

Yeah I’ve 25% in emerging markets it seems to be doing well alright.

[Ambrose_McNulty]

With all those dinners you’re aytin you can forget about seeing you pension, pal.

[The_Most_Infamous]

I’m 75-25, any potential short term losses will be regained i’d imagine in droves.

[kerry1891]

not quite pensions but financial

is this good time to fix on mortage rates? rate of 2.6% available to me for 5 years which is better than my non tracker variable 3.05%

[The_Most_Infamous]

Be a fool not to fix at that rate, unless you’re over-paying your variable mortgage. 2.6% is a very good rate in the current market of cunt banks.

They’re openly blaming the trackers still in their branches.

[kerry1891]

@The_Most_Infamous

Be a fool not to fix at that rate, unless you’re over-paying your variable mortgage. 2.6% is a very good rate in the current market of cunt banks.

overpaying. but can pay lump sum off before I grab the rate. option of 10% overpayment once new rate kicks in.

is Brexit going to clusterfuck interest rates?

[The_Most_Infamous]

Don’t think Brexit will happen in the short term, if it does - my guess would be the ECB would continue printing more money persisting with quantitive easing. Fairplay to the people on trackers.

[The_Most_Infamous]

Funny thing is, the likes of @gilgamboa would have kicked familys out of their houses on tracker mortgages if the interest rates had swung the other way. Horrible shower of cunts.

Now they’ve made first time buyers over the last number of years pay for their mistakes. You couldnt make that up.

[gilgamboa]

@Smark

What you’ve described here suggests he’s got it totally arseways. He was telling me I should put money into prime equities which is doing well but to be aware that there’s small fees with that because of it being a ‘passive fund’. But prime equities isn’t tracking just one index shall we say it’s an accumulation of various indexes and markets and I guess they can pivot away from one a lot if they think there’s trouble ahead. Purely as an example let’s say 50% of it is in UK and Ireland equities but they might reduce that to 15% in the morning and move the rest into Asian equities let’s say. Maybe that’s where the extra management comes into it? In that it’s not tracking just one index.

I dont know what he told you pal. But he didnt explain it very well anyway because you’re not clear on it.

A passive fund is as it says, passive, it is set up to do something and left alone.

A managed fund has a fund manager who is making decisions where to invest the money. They charge more for it because there is more work in it. But its not like you can ring up and ask to buy Apple shares. If you invest in their fund your passing responsibility for the cash to them

[balbec]

Longer term the established markets will out perform the emerging markets which are too volatile IMHO.

[Achtungbaby]

I started the job in the public sector a few weeks back and have just received a letter from the broker of my pension from the private sector with the following 4 options;

• Leave the plan paid-up. The value of the plan will be available to fund for retirement
• Transfer the benefits to a new occupational pension scheme with a new Employer
• Transfer the benefits to a Personal Retirement Bond
• Transfer the benefits to a Personal Retirement Savings Account

Any recommendation on what to consider and what to avoid???

Cheers

[gilgamboa]

@Achtungbaby

I started the job in the public sector a few weeks back and have just received a letter from the broker of my pension from the private sector with the following 4 options;

• Leave the plan paid-up. The value of the plan will be available to fund for retirement
• Transfer the benefits to a new occupational pension scheme with a new Employer
• Transfer the benefits to a Personal Retirement Bond
• Transfer the benefits to a Personal Retirement Savings Account

Any recommendation on what to consider and what to avoid???

Cheers

Keep it separate from your other pension as a general rule. Personal retirement bond a decent option if you can get a good management fee

[fistoffury]

Have you tried sticking your thumb up your hole?

[Big_Dan_Campbell]

Somewhat related question - if I was to take a chunk of my bonus as shares what are the tax implications? Is it just Prsi and usc that would be deducted against it

[Your_Mums_Athletic]

Is there no tax as long as it is in shares for three years. And Hegarty is a great player!!

[Spidey]

Yes just that as long as you hold them for 3 years.

[tallback]

@Big_Dan_Campbell

Somewhat related question - if I was to take a chunk of my bonus as shares what are the tax implications? Is it just Prsi and usc that would be deducted against it

I think it has to be a revenue approved scheme for the 3 year exemption on income tax. Only tax you pay then is CGT on the capital gain at 33%

[Big_Dan_Campbell]

Question re Tax liabilities and AVCs.

If I was paying periodic AVCs on top of my normal/employer topped up contributions am I entitled to claim the tax back on these or would most employers or pension funds send the tax cert to the revenue on my behalf and it was already factored in?