"Many retired colleagues have expressed that they feel heavily taxed during their retirement years, leading to concerns among current employees about their financial future."
"Some older colleagues who have recently retired are advising younger employees to reconsider their Additional Voluntary Contributions (AVCs) based on their own experiences with high taxation."
Retired colleagues of HSE employees report feeling heavily taxed during retirement. Many current employees, aged 35 to 49, are considering their retirement plans, with some aiming to work until the age of 67. While some will have full years of service at retirement, others will not. Older retirees advise current employees to stop contributing to Additional Voluntary Contributions (AVCs) due to their negative experiences with taxation in retirement.
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