Tax bills will also rise for some from 2019 as a result of €5 increase in State pension
The head of financial planning with Merce says it is “probably bad” for people who had wanted to protect, or ring-fence, the funds in AMRFs, as they will now be obliged to access these retirement savings. Photograph: iStock Thousands of retirees will have to draw down more of their private pension pots on an annual basis from next March, due to the €5 increase in the State pension in this month’s budget.
Pension experts say this arises as the €5 increase will […]
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