Archive for 2024

You can't sell half a room

You can’t sell half a room

People in Ireland really love property. It Despite all the horror stories of people being stuck in negative equity on properties bought in Celtic Tiger for years and many of them never getting back to their original price, many still prefer to buy a property on a little island on the outer edge of Europe. […]

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Time to increase the Standard Fund threshold

You used to be able to have as big a pension pot as you wanted/ could afford. In 2005, a cap of €5 million was introduced. It was increased to €5,418,085 in 2008 before being reduced to €2.3 million in 2010 and then down to €2 million in 2014. It hasn’t changed since. In December […]

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Losing weight and building wealth

Losing weight and building wealth

The new year is a time when lots of people make resolutions for lots of people. The most common one for people is to lose weight. Another one is to get your finances in order. And belief it or not, the two have a lot in common. Always be checking When you are trying to […]

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Salary Sacrifice

Salary Sacrifice

There are often situations where an employee would prefer their bonus to be redirected into something more tax advantageous to them, such as their pension. With the removal of pension funding limits on employer contributions into PRSAs, this has come more to the fore recently. The Revenue are wise to any of the tricks that […]

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Being normal

Being normal

Last Friday morning, Jürgen Klopp dropped the bombshell that he will be stepping down as manager of Liverpool Football Club at the end of the season. He gave an in-depth interview for the club’s tv channel for his reasons for leaving. Even if you don’t follow Liverpool Football Club or aren’t interested in football, it […]

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Mortgage Interest Scheme doesn't help the real victims

Mortgage Interest Scheme doesn’t help the real victims

The government announced a mortgage interest scheme in the last Budget, which comes into effect at the end of January 2024. The scheme offers savings of up to €1,250 for eligible mortgage holders who experienced an increase in mortgage interest in 2023 than in the previous year. Qualifying conditions There are a number of conditions […]

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Organising ongoing expenses

Organising ongoing expenses

My wife and I have a household account that we use to pay all our domestic bills. All the usual direct debits come out of this account (food shopping is separate). I was updating the total costs for 2023 over the Christmas break and decided to have a look back at past records to see […]

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A snap shot of the highs and lows of investing

A snap shot of the highs and lows of investing

2021 was a great year for investors. The stock market was just going up for most of the year as the world economy was coming out of the Covid 19 panic. If you had invested in the Global Stock Index, your money grew by 30.98%. Think of that, if you invested €100,000 at the start […]

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