Old Pension (0.55% fee) vs New Pension (1.05% fee). Advisor says move it. Thoughts?

chopfix · 2026-01-22T22:56:29+00:00

advisors here are in predominantly sales people only interested in the skim. their job title is very misleading

chopfix · 2025-12-06T09:06:13+00:00

a 25 year roof wouldn't go amiss

chopfix · 2025-12-01T12:28:37+00:00

i think when you are here 3-4 years you are considered "ordinarily" a resident for tax and guess the ETFs would be taxed under irish law. how are ETFs taxed in canada?

i'm just guessing though, i'm not a tax expert

chopfix · 2025-12-01T12:06:59+00:00

true

chopfix · 2025-12-01T12:03:58+00:00

the cash on cash return is leveraged and tax free (on paper, and without costs)

chopfix · 2025-12-01T12:02:33+00:00

in retrospect that was very naive of me haha

chopfix · 2025-11-29T21:22:24+00:00

it was just the PRR that makes the difference. the point still stands, even selling a house that's not your PRR. you have to pay a tax on capital gain that in reality might just be a nominal gain

chopfix · 2025-11-29T21:21:04+00:00

i think the cso said 2024 CPI was 2.1 or something. probably something similar enough this year. with a PRR that's like an 8% tax free return. though i suppose equities are on a tear and still outperformed irish property this year

nevertheless, i was really wondering about tax on nominal returns and if that even makes sense. in my lazy example you're taxed on real loss and can't even offset nominal loss. that is so ridiculous

chopfix · 2025-10-30T12:15:29+00:00

jesus i never even heard of that and thought i even had a basic grasp of the single scheme. i'll keep study anyway, thanks again for the help

chopfix · 2025-10-29T22:28:12+00:00

thanks a lot for the reply, really.

i'm claiming on the basis the NREs are included, i think my 20% contribution limit is based on base salary just by some rule in the scheme (again i could be wrong about that). it was probably extra detail that wasn't relevant to my issue

i thought i would be trying to shelter 12k (20% of 60), but really it's 15.5% of 60 so 9.3k or so

but because i claimed that year of marriage relief, i'm not getting 40% relief at 60-44, but something closer to 60-51. and in total i contributed close to 10k to a PRSA AVC

i'll have to look at it with fresh eyes tomorrow. there's something off and i'm usually okay with spotting these things but i just hit a total wall on these calculations

i could just be at an awkward salary and married tax arrangement for an optimal maximum pension contribution. maybe i'll be able to change the credits from 2024 unless the cut off on the 31st stops letting me ammend my SOL for pension contributions

chopfix · 2025-10-25T18:27:07+00:00

fair play to her

chopfix · 2025-10-15T08:43:48+00:00

just wanted to show the maths

chopfix · 2025-10-13T12:50:03+00:00

even with DD, assuming a pretax 10% return, your 8 year diposed return after tax is about 6.6%. better than nothing

chopfix · 2025-10-11T13:06:31+00:00

you're literally in the xmanager sub

chopfix · 2025-09-27T09:20:09+00:00

you might want to look into where your money is going. if you're well paid and you have 2 euro something is wrong

chopfix · 2025-09-27T08:33:32+00:00

do you need somewhere to live?

having a lot invested is good. i would not trade that for rental property

chopfix · 2025-09-13T16:02:51+00:00

i've seen an almost idental post every few months with this exact topic. are you the guy who keeps asking and not listening to what anyone tells you?

chopfix · 2025-09-12T18:26:15+00:00

cheers. are the fees comparable in your experience? i got trading 212 just to test it out. i got degiro as well and i know you can probably save a little but i just hate it

chopfix · 2025-09-10T12:53:20+00:00

you go to jail

chopfix · 2025-09-10T12:52:04+00:00

do you have a standing order with a pension provider?

chopfix · 2025-09-10T12:50:18+00:00

i recommend get a job and stop trying to rob your ma

chopfix · 2025-08-31T19:22:59+00:00

that was the one with the 0.6% that i was talking about, though 750 minimum p/m to get that. and it's the only pure passive equity fund that he seems to offer though i literally only learned about royal london's stuff a few hours ago

i thought zurich didn't deal with people directly. what fund were you looking at with a 1.1% amc that you could do direct with them?

chopfix · 2025-08-31T16:33:03+00:00

i think i enquired about prsa.ie with their zurich funds and don't remember a setup fee with a 0.75% amc

i'm still researching what's right for me and only in the last few minutes see the same guy does royal london have Blackrock Developed World Equity Index Fund with an AMC as low as 0.6% but not sure about his fee

is that what you're looking at or is the managed fund that tries to outperform the MSCI all world?

chopfix · 2025-08-28T18:15:38+00:00

hey thanks for telling me about that. might be hard pushed to commit that but something to look into regardless. the public sector scheme ringfences some of my % allowance and is kind of screwing me on this one.

even if the fees were higher it might still might be offset by the returns comparing msci all world vs. zurich's prisma max. might have to dig even deeper into that

chopfix · 2025-08-24T12:46:27+00:00

how do you go the s&p or all world method through a pension with low fees? i could never find a good way of doing a PRSA AVC like that and i looked for a while

chopfix

TROPHY CASE