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EARLY RETIREMENT SCHEME



The scheme of early retirement from farming 2000 (EC 1750/1999) became operational on 27 November 2000 having replaced the original scheme introduced in 1993. It is expected that approximately 7250 will until 2006. The scheme is aimed at reducing the age profile of farmers and to increase farm size. The need for theses changes is reflected by the fact that, in Ireland, average farm size is 64 acres and approximately 40% of farmers are 55 years or older while only 18000 are under 35 years of age.


If you would like to receive any information regarding this scheme contact us and we will be delighted to advise you in any way. We can advise you on any aspect of the following:


  • Eligible Lands for Payment under the Early Retirement Scheme.
  • Utilisable Agricultural Area
  • Transfers between spouses
  • Minimum size of holding
  • Lands that can be retained


Eligibility for the Scheme – The Transferor

  • The Eligibility test for Transferors
  • Eligible Spouse
  • Joint Management
  • Joint Enterprises


Eligibility for the Scheme – The Transferee

  • The Eligibility Test for transferees
  • Non-farming transferee


Details of the Pension

  • Rate of pension payable
  • Eligible Area for Payment
  • Commencement of Pension
  • Duration of Pension
  • Death of Pensioner


ERS General Points

  • Selling a site during participation of Scheme
  • Get Out Clause
  • Non means Testing
  • National Retirements Pensions – Applicant
  • National Retirements Pension – Spouse
  • Activities a retired farmer cannot pursue
  • Disposing of land outside the terms of the scheme
  • Method of Transfer
  • Joint Ownership
  • Tenants in Common
  • Minimum Lease Period
  • Early Retirement and Forestry


    Or:

  • Application Procedure
  • Compliance Procedures
  • Penalties
  • Taxation Aspects

© Michael Maloney and Associates LTD. 2001-2004