The most successful companies in the world all have a reason for being that goes beyond reaching commercial targets. Contributing to the betterment of the communities and society which we impact and depend upon is now an important consideration for all businesses.
Our Corporate Social Responsibiltiy Report provides an overview of Irish Life’s CSR activities for the 18-month period from the beginning of 2015, to June 2016. We are proud of the progress that we have made to date and look forward to building on these strong foundations as our business continues to grow.
Budget 2017 contained no changes relating to private pensions.
It has been announced that the State Pension and all other social welfare pensions are to increase by €5 per week from 1 March 2017.
Other items of interest
- The DIRT rate is to be reduced from 41% to 39% in 2017 (and it is planned to reduce it to 33% by 2020). There was no reference to a reduction in the exit tax applied to life assurance policies. The publication of the Finance Bill should provide further clarity on this matter.
- The tax free thresholds for Capital Acquisitions Tax have been increased. In particular the Class A Threshold (applying to children inheriting from parents) has been increased from €280,000 to €310,000. Class B and C have been increased marginally.
- There has been a reduction of 0.5% in the three lower USC rates.
We will of course review the Finance Bill when it is published to see if it contains any unannounced changes in the pension area.
Host Ciarán Hancock and Markets Correspondent Joe Brennan are joined on the line by BBC business reporter Joe Lynam to get the latest understanding of short and long-term impact of Brexit. The drop in sterling aside, the much-anticipated "short, sharp shock" hasn't quite materialised. What is the current mood among the Conservative party, and what awaits Britain and Ireland after Article 50 of the Lisbon Treaty is invoked next March?
I’m delighted to be following David Harney in the role of Managing Director. I’ve worked in Irish Life for over 25 years, but never directly in Corporate Business, so it will be an exciting challenge.
In Corporate Business, we want to ensure that your members get the best benefits possible. To do this, we will work very hard with you, your employees and trustees
We are delighted to be shortlisted for the Irish Pensions Awards 2016 in three categories:
- Innovation Award
- Pension Scheme Administrator of the Year
- Communication Award
The award ceremony will take place on 24 November 2016.
The EU Commission's ruling that Apple must pay Ireland €13 billion in back taxes leaves all parties involved with a complicated mess on their hands. To help make sense of it all we have Brian Keegan, Director of Taxation with Chartered Accountants, as well as Irish Times Europe Correspondent Suzanne Lynch and Business Editor Cliff Taylor on the first part of today's podcast.