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Women reminded it’s never too early to start planning for retirement

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It's never too early to start planning for your retirement.

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IT’S been said that many women have weekly pensions that would barely cover the cost of a haircut. With only 47% of women in Ireland having some form of pension outside of the State pension, Vincent Casey Life & Pensions, Killarney, has decided to raise awareness of the issue and has dedicated the week from October 17-24 to specifically address retirement planning for women.

You can never start early enough when it comes to planning for retirement, said Vincent who this year celebrates his 20th year in business. The problem is many people expect the State pension to provide for them in retirement, he notes. “The State contributory pension is currently €233 per week and it is vital that people look to supplement this,” said Vincent. “Currently it is estimated that the annual income needed in retirement is € 18,000 per annum; this is the equivalent of 50% of the average industrial wage.”

Of the 47% of women that have some form of private pension the average pension that they are providing for is just € 2,000 per annum, added Vincent. “Pensions are by far the most tax-efficient method of saving as not alone are you getting tax relief on what you are paying, but the fund as it grows is also exempt from tax until drawdown,” he added. “At retirement you are entitled to get 25% of the fund tax free.”

If you are interested in finding out more about setting up a pension, reviewing an existing pension or finding out about a pension that you paid into previously , call Vincent on 064-6636410 to book an appointment and he will arrange to meet with you during that week.

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Ballycasheen junction to get upgraded this year.

A long awaited solution to traffic problems where Ballycasheen Road meets the N22 Cork Road looks like finally being resolved this year. Late last year Transport Infrastructure Ireland allocated €1.2m to be spent on the section of road between the Park Road roundabout and Ballycasheen junction. “Technical Approval for the improvements, along this section which […]

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A long awaited solution to traffic problems where Ballycasheen Road meets the N22 Cork Road looks like finally being resolved this year.

Late last year Transport Infrastructure Ireland allocated €1.2m to be spent on the section of road between the Park Road roundabout and Ballycasheen junction.

“Technical Approval for the improvements, along this section which include Active Travel provision and Junction Improvements at Ballycasheen, is being sought from TII before commencing,” a council spokesperson confirmed. “The elected members will be briefed on the proposals ahead of the commencement of the statutory process in early 2022.”

The council official was responding to a request by Cllr John O’Donoghue who sought an update on progress being on a promised “more user friendly junction.”

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€2.3m funding for Kerry schools under Summer Works Programme

Minister for Education and Kerry TD Norma Foley has today (Monday) announced funding of €2.3 million for the approval of 24 projects across Kerry under the Department’s 2022 Summer Works Scheme. This funding is part of the overall package of €65m for a total of 497 projects around the country. “I am delighted to confirm […]

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Minister for Education and Kerry TD Norma Foley has today (Monday) announced funding of €2.3 million for the approval of 24 projects across Kerry under the Department’s 2022 Summer Works Scheme.

This funding is part of the overall package of €65m for a total of 497 projects around the country.

“I am delighted to confirm this significant tranche of funding which will provide further investment for schools in Kerry under the Summer Works Scheme,” Minister Foley said.

“School communities have shown great resilience, flexibility and leadership in adapting to the many challenges that arose over the course of the pandemic. This funding is a further endorsement of the excellence in education provided by schools across the county. I am announcing the Summer Works Scheme projects now so that schools have a good lead-in period to plan and deliver the projects in summer 2022,” she said.

“Today’s announcement follows on from the enhanced minor works funding which was delivered to schools a number of weeks ago.”

The projects for Kerry included in today’s announcement include Mechanical Works at Two Mile Community NS and Spa National School, Science Labs including Gas Works at Community College Killorglin and Castleisland Community College, as well as Roof Works at Scoil Phobail Sliabh Luachra. 

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