This week saw retirement trends, AE and Tax Claiming the hot topics amongst employees
Retirement Trends and Perspectives
We recently explored the rising trend of “unretirement” among older individuals (read more here).
Many retirees are choosing to re-enter the workforce for mental stimulation, a sense of purpose, or the comfort of a structured routine. For some, retirement from a beloved or skillful job simply isn’t appealing. This point was echoed by Mason Hayes & Curran (MHC) in their article, which raises concerns about Ireland potentially becoming “an outlier” among European countries due to its stance on mandatory retirement ages.
You can explore their insights here.
Meanwhile, younger employees are adopting a different approach with “micro-retirement,” akin to what was once called a sabbatical. This trend, which poses unique challenges for business owners, is discussed in an insightful article by Maeve Toohey, PhD researcher and lecturer at the Kemmy Business School, University of Limerick.
Read more here.
Farmers and Retirement Planning
Retirement trends are not confined to corporate employees. Farmers have also shared their views on how a proposed farm retirement scheme should work. The Farmers Journal highlights this discussion in their article:
Farmer views: proposed retirement scheme
The Programme for Government commits to establishing a farm succession scheme. We asked farmers how they think a farm retirement scheme should work. Read Article >>
What Are Your Retirement Plans?
Retirement planning is a deeply personal journey. Have you started considering your options?
Whether you’re focused on building a structured plan or exploring all your options, our financial planning team can help you prepare for every stage of life—from Youth and Growth to Maturity and Retirement. Learn more or book your FREE financial review today >
Maximizing Your Tax Benefits
Are you aware of the tax credits and reliefs you may be entitled to? Navigating the Irish tax system can feel overwhelming, and many individuals miss out on potential savings. Each year, millions of euros in refunds, credits, and reliefs go unclaimed. Our team can help you understand:
- What tax refunds, credits, and reliefs are available
- How they work in Ireland
- How you can maximize your entitlements
Book a free financial review today or explore our resources for more guidance.
For practical advice, check out Louise O’Sullivan’s article on using Revenue’s MyAccount service and the range of tax credits you can claim. For instance, if medically diagnosed, you can claim a 20% reimbursement on expenses for gluten-free foods.
Read the article here.
Auto-Enrolment Pension Schemes
Last August, Mark Peters discussed the introduction of auto-enrolment pension schemes with Karl Fitzpatrick of Business Matters. Although implementation has been postponed to September 2025, it’s essential to understand how this system works and how it may benefit you.
Read the blog, Listen back on Spotify here or watch the video below:
The new AE structure will require employers to dedicate more time to administration and to payroll.
