The Pensions Authority shut down one person pension schemes last July. The replacement is the Master Trust structure. Over the last few weeks, the insurance companies have been launching their version of the master trust structure that can be used in one person arrangements. What is a Master Trust? Previously, when setting up a one […]
The Central Bank has relaxed its borrowing rules for some borrowers, slightly. In 2015, they introduced strict borrowing rules as a result of the loose lending that went on during the Celtic Tiger that resulted in many people having unservicable debt. Loan to Income limit increased for first time buyers First time buyers can now […]
In this week’s article, I am going to go Stateside and look at why the college debt forgiveness deal that Joe Biden announced is actually good for the US when you compare it to the tax deal that Donald Trump signed. Trickle down economics Donald Trump oversaw the biggest overhaul in the US tax code […]
Apple announced that they are getting into the “buy now pay later” (BNPL) market. For those of you who don’t know what this is, BNPL is a way for you to spread payments on purchases over a number of months. And we’re not talking about big purchases lie a car or household furniture. It can […]
Brian runs his own business and is very successful. He has made a lot of money. Growing up, he always want to own a Porsche and now he can afford one. So he bought one and it is ready to collect. So he has taken the day off work to pick up his new car […]
Ever put up photos on social media of you at a fancy dinner or at a corporate event? Ever ask yourself the real reason why you did that? It isn’t to share the experience with your friends and family. It is to show them that you have something great. It could be touch line tickets […]
With property prices on the rise, it is very easy for someone who inherits the family home to be faced with a Capital Acquisition Tax bill for inheriting the family home. The threshold for inheritance from parent to child is €335,000 and just €32,500 from another relative. If the family home was valued at €500,000, […]
As a financial advisor, I talk to all sorts of people about their money. Not all my clients are High Net Worth (a term often misapply to people who are high income earners but not wealthy) and I work with a lot of people who work hard, whether through running their own business or through […]
There is a load of noise on social media about a girl called Molly Mae. I’d never heard of her before. She is an influencer and was on Love Island. She is doing well for herself these days and gave a tone deaf interview saying we all have the same 24 hours in the day […]
The maximum pension pot anyone is allowed to have is €2 million. If you go over that, you get hit with some pretty penal taxes which can leave a bitter taste (you’ll be talking about the massive tax bill you got on retiring for the rest of your life). But not everyone is entitled to […]