Jane Barrett

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Articles

Finance Act 2024: New Era for Pension Savings

Dec 4, 2024 | williamfry.com | Ciara Kelliher |Ashley Hennessy |Ian Devlin |Jane Barrett

The Finance Act 2024 (Finance Act), which was signed into law on 12 November 2024, introduces significant changes to the tax landscape as it affects pensions in Ireland. These changes will affect the Standard Fund Threshold (SFT) and Personal Retirement Savings Accounts (PRSAs) and clarify the tax treatment of the State’s Automatic Enrolment Retirement Savings System (AE System).
Wheels In Motion For Auto-Enrolment: Next Steps For Employers

Nov 22, 2024 | hrheadquarters.ie | Jane Barrett

by Jane Barrett, Associate in the Pensions and Employment & Benefits department, William Fry LLPBefore leaving office, the Minister for Social Protection set the wheels in motion for auto-enrolment (AE) to launch in Ireland next year under the name “My Future Fund“. This article considers the AE legislative updates and what employers can do to prepare for the 2025 AE launch.
Wheels In Motion For Auto-Enrolment: Next Steps For Employers

Nov 19, 2024 | mondaq.com | Byrne Wallace |Ian Devlin |Jane Barrett

This article considers the AE legislative updates and what employers can do to prepare for the 2025 AE launch. Steps in Place for AE Launch The Automatic Enrolment Retirement Savings System Act 2024 (Act) was signed into law in July, and secondary legislation has also now been passed, which will bring the Act into effect in a staged manner as follows: On 31 March 2025, provisions for establishing the new State body to operate AE in Ireland will take effect.
Wheels in Motion for Auto-Enrolment: Next Steps for Employers

Nov 18, 2024 | williamfry.com | Ian Devlin |Jane Barrett

Before leaving office, the Minister for Social Protection set the wheels in motion for auto-enrolment (AE) to launch in Ireland next year under the name “My Future Fund“. This article considers the AE legislative updates and what employers can do to prepare for the 2025 AE launch.
Mind the Gap! Employees to be allowed work until State Pension Age

Apr 4, 2024 | lexology.com | Ian Devlin |Richard Smith |Jane Barrett

The government recently published the General Scheme of the Employment (Restriction of Certain Mandatory Retirement Ages) Bill 2024 (General Scheme). The General Scheme seeks to allow, but not compel, an employee to remain in employment until reaching the “pensionable age” under social welfare legislation. “Pensionable age” is currently age 66 (State Pension Age). These reform proposals follow State Pension reforms which we discussed in a previous article.
New Flexible State Pension Age – Impact on Employers - HRHQ Ireland's No1 Choice for HR News & Resources

Dec 13, 2023 | hrheadquarters.ie | Jane Barrett

by Jane Barrett, Associate in the Pensions and Employment & Benefits department, William Fry LLPIn September 2022 the Cabinet announced ‘landmark’ reforms of the State pension system in Ireland (Reform Package). One such proposal was the introduction from January 2024 of a ‘new flexible pension age model’, i.e. an option to continue working to age 70 in return for a higher State pension. Draft legislation has now been published to introduce this flexibility.
How Employers Can Start to Prepare for Auto-Enrolment

Oct 11, 2023 | hrheadquarters.ie | Jane Barrett

by Jane Barrett, Associate in the Pensions and Employment & Benefits department, William Fry LLPThe Irish government is pushing ahead with its proposed implementation of AE, albeit with a delayed start date of Q2 2024, rather than Q1 2024 as first indicated. The Minister for Social Protection, Heather Humphreys (Minister), speaking in the Dáil in July, displayed a resolve not to be set off course by the outcome of the pre-legislative scrutiny process.
Letter: Government's voter ID scheme was a blatant attack on our democracy

Sep 19, 2023 | buxtonadvertiser.co.uk | Jane Barrett

So now it’s official. Last week saw the publication of two damning reports on the Government’s voter ID scheme. Watch more of our videos on Shots!and live on Freeview channel 276Visit Shots! nowThe Electoral Commission (EC) estimates that 14,000 people were turned away from May’s local elections because they did not have the required ID. I believe the true figure is likely to be much higher as most local authorities did not record the number.