Tax relief and company contributions will see many pension investments treble almost instantly, unlike money left on deposit, say experts
A lot of people 'leave money on the table' by not properly planning for their retirement, pensions experts say.The cost-of-living crisis, the high cost of housing and the complicated nature of pensions are all leading people to “leave money on the table” by not investing in their futures, industry experts have warned.
Research from the Competition and Consumer Protection Commission published on Monday showed that the number of people in their mid-40s and 50s with a private pension has fallen significantly since last year with “concerning gaps” in retirement planning clearly evident. “The cost of living is really putting a squeeze on but while that is a big issue, it is also true to say that it is a complicated topic,” said Jaqueline Thornton from Insurance Ireland. “If we manage to streamline legislative and regulatory requirements we can explain things easier.”
She pointed to members who say they would love to reach a younger cohort using social media channels such as TikTok and Instagram but said the bitesize information also has to come with “a 110-page document and they are expected to read that along with the videos”.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ireland's National Youth Assembly on Climate calls for tax on fast fashionThe young people also want government to stop funding fossil fuels and pay farmers to be more sustainable
Leer más »
Ireland's tax system aids €5.7B of climate-harming investments in global southActionAid also found the top six investments by Irish-registered investment managers are all oil and gas companies
Leer más »
Ireland's tax system gives €5.7 billion in climate-harming investmentsIreland said it would divest from fossil fuels in 2018 but Action Aid say €5.7 billion from this country is going to climate-harming investments
Leer más »
€5.7bn investment in fossil fuels funnelled through Irish corporation tax regimeSocial justice charity says multinational operations in Ireland ‘comes at a cost for the world’s poor’
Leer más »
Does my studio flat qualify for the rent tax credit?Q&A: Close to half of the number expected to be eligible have yet to claim the €500 a year to which they are entitled
Leer más »
Fall in corporation tax in August hits exchequer figuresDrop raises fears about volatility of this key source of revenue
Leer más »