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Ireland's Pensions Law Blog

Tag Archives: contributions

Finance (No. 2) Act 2013 – Early Access to AVCs and other provisions

Posted in Administration, Executive Benefits, Legislation, Tax, Trusteeship

Since 27 March 2013 members of pension schemes have been able to avail of a once-off early access option to additional voluntary contributions (AVCs) which they have made to their pension scheme. This option is provided for under section 782A of the Taxes Consolidation Act 1997 (the 1997 Act) and allows members to withdraw up… Continue Reading

Check your Rules before 31 December 2013: Change to State Pension Age – Implications for Integrated Pensions and Bridging Pensions

Posted in Funding, Legislation, Pensions Board, Scheme Restructuring, Trusteeship

Where a scheme is operated on an integrated basis, it reduces the pension entitlements of members to account for their State pension. A bridging pension is a supplemental pension which is sometimes paid to members who retire before the age at which the State pension is payable. Schemes may also reduce the contributions payable by… Continue Reading

Five Key Irish Pension Issues in Corporate Transactions

Posted in Corporate Transactions, Funding, Scheme Restructuring

Pension issues can be a major factor influencing merger and acquisition activity.  Companies may pull out of deals due to uncertainty around pensions (especially uncertainty over the funding of defined benefit plans).  Pension plan deficits are now part of corporate life and how the deficit and the other pension issues will be dealt with needs to… Continue Reading