The expert report commissioned by the Department of Finance on potential increases to the Standard Fund Threshold (SFT) limit has not yet been published. There is speculation that the Threshold may increase after the next election, potentially benefiting those approaching retirement and pension drawdowns. The current €2 million threshold, unchanged since 2014, may no longer be adequate due to inflation and earnings growth. Possible changes in the Threshold limit could impact retirement plans and present new opportunities for optimizing savings strategies. Consulting with a financial advisor is recommended to understand and navigate these potential changes.
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Potential Changes to Pension Caps – Where Are We At?
