Pensions Archives - Hennelly Finance

Drop in living standards on the cards for more than 50% of workers in retirement

December 15, 2019

More than 50% of Irish workers may face a significant drop in living standards when they reach retirement according to the latest research from the Central Statistics Office. It is estimated about one million workers will be forced to rely on the State (Contributory) Pension

Group health insurance key strategy in “war for talent”

March 26, 2019

With the unemployment rate in Ireland currently sitting at 5% - down 10% from 2011 – competition to attract and retain employees is at an all-time high. The resulting “war for talent” has seen an upsurge in workplace wellness initiatives aimed at helping employees achieve

Money tops list of worries for Irish

March 5, 2019

A recent study commissioned by Royal London has found that twice as many people in Ireland worry about ‘money’ compared to ‘health. Joe Charles, head of proposition at Royal London said financial issues topped the poll as the most common cause of worry. “While there

Bolster your pension savings with 40% tax back

October 17, 2018

With tax time right around the corner now is the time to make the most of your pension contributions by taking advantage of the government’s tax back scheme. Claiming your reward for saving for your retirement is easy and straightforward when you make a lump

Is now the right time to move your pension from the UK?

September 28, 2018

If you’ve previously worked in the UK, you might have accrued retirement savings that are sitting in a pension pot. There is a good deal of discussion about whether now is the time, in light of Brexit, to transfer pensions back to Ireland and the

Five reasons you need to invest in, and review, your pension

August 24, 2018

Have you put your pension planning on the long finger, or think the State Pension will be enough to support you in your retirement? According to Irish Life, 90% of people in Ireland are not on track with their pension savings. Given the State Pension

Financial education at your workplace from Hennelly Finance

June 6, 2018

Did you know Hennelly Finance offers free seminars on financial matters for employees at their place of work? Our qualified and highly experienced financial advisors are available to provide advice and deliver presentations on a range of financial matters including retirement planning, savings and money

The new Total Contribution Approach: what does it mean for you?

April 9, 2018

Pensions are serious business and being comfortable in retirement is a key concern for most people with a pension plan. That’s why the government’s recent announcement about the implementation of a Total Contribution Approach for calculating a person’s entitlement to the State Pension (Contributory) is

Tax time is around the corner – don’t miss out on tax relief for your pension!

August 4, 2017

As part of the government’s strategy to increase personal pension pots and relieve the burden on the State, any contribution made to your pension fund by the tax deadline is eligible for tax back on the 2016 tax year. By starting a pension now, doing

Trump as US President– What now for your investments?

November 10, 2016

The world is full of surprises. The way you respond to surprises is crucial to long-term investment success. The US electorate has spoken on the 9th of November 2016 and for the first time since the 1950s have voted a non-politician to be president of

Focus on Pensions

April 20, 2015

Yesterday’s Sunday Business Post included a special report on Pensions which is a very worthwhile read. The good news is we are all living longer. However, if you want to retire before age 68 without suffering a big drop in income, you need a plan.

Top tips for a prosperous retirement

March 13, 2015

Retirement should be a time to sit back and enjoy life, not to worry about how you are going to make ends meet. Here are our top tips to help you plan for a prosperous retirement. Think about how long you might live Most of

Saving for Retirement

October 29, 2014

Most of us won’t be sitting pretty when we retire, according to a new survey that shows employees aren’t saving enough. A new study shows that Irish people aren’t saving nearly enough towards their retirement and may be in for a nasty surprise when they

Budget 2015 Summary

October 15, 2014

As part of our commitment to keeping you up to date with industry developments we have prepared a Budget Summary. The summary outlines the key developments announced by the Minster for Finance, Michael Noonan and Minister for Public Expenditure and Reform, Brendan Howlin, which impact

Category: Pensions