Quinn Life has announced that it is the first maturity date of a bond life company to be approved by the Revenue Commissioners as a provider of the new ssia rollover Pension Incentive Tax Credit (pitc) scheme.
The incentive aims to encourage ssia holders who have an income of less than 50,000 to transfer some or all of their ssia into a pension.
"Those availing of a pitc should not consider any provider charging more than one per cent on the pitc contribution according to Siobhan Gannon, general manager of Quinn Life.Quinn Life has an annual charge of one per cent on its European funds and it does not administer any other charges.As part of the pitc incentive, ssia holders can transfer up to 7,500 of their ssia into a pension and receive a one-for-three top-up from the Government (up to 2,500).The pitc rollover must be made within three months of the individual's ssia maturity date."Otherwise they will find this valuable Government incentive will be eaten away over the years by charges.".The second part of the incentive allows for a repayment of the ssia exit tax paid on any amount of an ssia rolled over into a pitc pension.Maturity dates for ssias married dating usa ssia Commencement.'It came as a real surprise to hear that a woman had her implant burst at one of our centres and whilst shes going to make a full recovery, we want to ensure nothing like this happens ever again.
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Ssia rollover Pension Incentive Tax.