Redundancy Guide

Switching Jobs? Understanding Your Pension Options

Have you recently switched jobs? Or are you currently mulling over your career options? If the answer is yes, you’re certainly not alone. Thanks to the phenomenon of ‘The Great Resignation’ off the back of the global pandemic, 40% of workers are thinking about leaving their jobs in the next three to six months. So […]

5 Most Common Pension Mistakes to Avoid

Pensions can be difficult to navigate. There is no ‘one size fits all’ when it comes to having the ‘best’ pension fund out there because your pension is completely unique to you. However, there are some common mistakes that can and should be avoided by everyone, regardless of your financial situation.  In this article, we […]

Why Time in the Investment Market Always Trumps Market Timing

Anyone who claims to have a crystal ball that can predict the best time to cash out of an investment should be viewed with a generous helping of scrutiny. ‘Timing the market’ may seem like the most logical or conservative thing to do when you’ve invested a large chunk of your savings into something and […]

How Inflation Drastically Affects Pensions and Investments

The cost of what seems like everything is rising rapidly. Since January, consumer prices have increased by a whopping 7.8%. The cost of housing, electricity, gas and fuel has risen by 3.7%, alcohol and tobacco by 2%, clothing by 1.7%, and restaurants and hotels by 1.1%. It’s fair to say that most of us are […]

Turning 50? Here’s What You Need to Know About Your Pension Fund

Turning 50 is a time to reflect on how far you’ve come, and plan for where you want to go. By the age of 50, many people will have climbed the career ladder, possibly even changed careers once or twice, and have a wealth of experience under their belts, both personally and professionally. While retirement […]

10 Statistics About Irish Pensions That You Need to Know

When it comes to pensions, knowledge is power. While pensions may seem complicated or even dare we say boring, it’s so important not to bury your head in the sand, because at the end of the day, your retirement depends on it. Here at Elevate Financial, we’re all about making pensions easy to understand, and […]

Should I Accept My Enhanced Transfer Value or Not?

Should I Accept My Enhanced Transfer Value or Not?  Are you currently considering whether or not to accept an Enhanced Transfer Value? Chances are that if you’re a deferred member of a Defined Benefit pension scheme, and are no longer an employee with that business, you qualify to take an entitlement in exchange for transferring […]

How to Track Down Your Old Pensions

Pensions come in lots of different forms, and if you have been working for a number of years and switched jobs during that time, the chances are that at some point you’ve contributed to a pension fund through your previous employers. An occupational pension is essentially a company pension plan, and many large companies have […]

5 Easy Ways to Get Your Finances in Order

We’re all guilty of it. We head into a new year setting resolutions for ourselves, that, in spite of our best intentions find a way of waning after a few weeks or months. However, if there’s one resolution that you should stick to in 2022, it’s having a clear understanding of your finances.  We’re sharing […]

Corporate Investments: Is Cash on Deposit the Right Way to Go?

Cash on Deposit or Corporate Investment Bond? Company Surplus: An Alternative to Cash on Deposit When it comes to surplus cash on your company’s balance sheet, it makes perfect sense to keep that money at arm’s length in a deposit account. That way, you’re able to meet short-term cash requirements, right? While that may technically […]

3 Things You Need to Do to Hit Your Retirement Goals

How many years from now do you plan on retiring? How much money do you hope to have accumulated in your pension fund by then? While consistently putting money into your pension pot every month is great, it still might not be enough to get you to where you want to be when you reach […]

Q&A – Transferring a UK Pension to Ireland

Have you spent time living and working in the UK? Chances are if the answer is yes, you’ve probably contributed to a pension fund there. So if you’ve returned to Ireland for good, you should consider your options when it comes to transferring your UK pension into a QROPS.  But where do you start? We’ve […]

Should You Transfer Your Defined Benefit Pension Value?

Defined Benefit Pension (DB) schemes are dying out. With the number of DB schemes in Ireland dropping from 2,500 in the early 90s to just above 550 now, it’s no wonder that this steep decline has been making headlines in recent years. As more companies review their future commitments to their existing DB scheme and [...]

8 Dos and Don’ts For Planning Your Pension

How much do you really know about your pension? Where or how it’s being invested, how many pension pots you’ve accumulated from previous employers, or when you’re eligible to withdraw a lump sum? They say that planning is bringing the future into the present, and that’s exactly how effective pension planning works. Whether you’ve just [...]

The impact of redundancy on pensions

Those who have had their contracts of employments terminated and have been made redundant should be provided with leaving service options by their scheme administrator. They may also be entitled to a redundancy payment. Full-time employees paying Class A PRSI who have worked continuously for their employer for at least 104 weeks (2 years) will [...]

The 3 Key Principles of Long Term Investing

The 3 Key Principles of Long Term Investing Should I stay or should I go now? It’s the million-dollar question when it comes to investments – when is the right time to take the money and run?   We get it. You’ve decided to invest a lump sum of your savings. You’ve committed to a […]

The No-Nonsense Guide to Transferring Your Pension

How many companies have you worked for in the past, oh, let’s say ten years? Two? Three? More than five? The days of sticking with one employer for the entire duration of your career are well and truly over. So while the generation before us often reached retirement age with a single pension to unlock, [...]