With both Ulster Bank and Bank Of Ireland closing branches in Co. Clare it is imperative that you consider your options for your savings, investments, pensions and Life Insurance policies. Whilst my heart goes out to the bank staff having received terrible news regarding their futures their bosses have...
Continue ReadingMany individuals have pension benefits in a personal retirement bond (PRB) without necessarily understanding what they have and what steps they should follow to make the most of these benefits before retirement hits them – often too late to do anything! A PRB is an individual pension contract designed...
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Have you claimed Flat Rate Expenses that are available as a Tax Credit for your Occupation? All employees of the class or groups listed below can claim the deduction in their own tax credits. Flat rate expenses can be claimed by completing an Income Tax return you can go...
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** Red Alert** Bank of Ireland is to impose negative interest rates on cash held in pensions, in a move that will hit hard people saving for their retirement. This new charge is on top of the Annual Management Charge and their sneaky allocation charge wherein they usually take...
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YOU CAN NOW ALLOCATE SOME OF YOUR PENSION FUNDS TO GOLD Gold has been used to store wealth for more than 5,000 years. Why? Because gold is very rare – and gold today is becoming ever-more difficult to find and mine. Gold is six times more rare than platinum,...
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September is traditionally Pensions Awareness Month so you should expect to see a lot of advertising over the next few weeks form the Irish Pension Providers. Pensions Awareness Month, is to raise awareness about retirement planning and to help you take charge of and invest in your long-term savings....
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THE NEXT GOVERNMENT has committed to introducing Universal Basic Income (UBI) in Ireland in the next five years, according to the programme for government. The idea behind UBI is to give adults an automatic payment from the State that isn’t means tested and is given regardless of whether you...
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The Finance Bill 2022, is the bill which legalises the changes announced in the Budget. The Bill provides more details beyond that revealed on budget day. With effect from January 1st all AMRF Pensions are available to be withdrawn. However, the withdrawals will be subject to income tax. The...
Continue ReadingThe most vulnerable at risk people to be caught for Inheritance Tax are only children or nieces/ nephews. If you stand to inherit property or assets from parents but are worried about getting caught in the current inheritance tax ‘trap’, a life insurance policy might be an effective way...
Continue ReadingWhen you’re taking out your mortgage, your lender will request that you also take out a mortgage protection policy. But what is it? It’s a cheaper form of life cover, designed to help pay your outstanding mortgage balance if the worst were to happen. So you know your family...
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