Author: Jim Stapleton

Helping you on Life's Financial Journey

Taxing of Lump Sum Termination Payments

With recent news of redundancies in tech sector, below is an overview of the tax treatment applying to lump sum payments received on cessation of employment as certain payments may attract tax exemptions. Statutory Redundancy Payments: Where you receive a statutory redundancy payment the amount received is ignored for taxation purposes as statutory redundancy is completely…
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Retirement Funding Update 2023

Finance Act 2022 was passed on 15 December 2022 and the new BIK free employer PRSA contributions are now in force since 1 January 2023. A Brief Summary of the changes as follows: Prior to 01st January 2023, an employer contribution paid to an employee or Director’s PRSA was a deemed to be a Benefit…
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Overpay Your Mortgage or Invest – Is there a simple Yes or No answer & which is better?

As everybody knows at this stage, interest rates on mortgages have shot up recently, especially for those previously fortunate enough to be on Tracker rates. While this may well be the first such increase for many borrowers in well over 10 years, all the indications from the most recent ECB meeting is that further increases…
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Eolas Money delighted to welcome Emma Costello to the team.

Welcome to the Team Emma

We were delighted to recently welcome Emma Costello to the team at Eolas Money. Emma joins the team to support our client administration functions and we know that she will be an invaluable asset to us and our clients going forward… Best of luck Emma.  #WelcomeToTheTeam

Budget 2023

Yesterday, Paschal Donohoe TD (Minister for Finance) and Michael McGrath TD (Minister for Public Expenditure and Reform) delivered the Budget 2023 and we have summarised some of the key personal tax related changes in our Budget Summary which is available by clicking HERE. 

Income Protection – A Vital ‘Living Benefit’

Income protection is a way of making sure you and your family have a financial cushion should you ever need it. When life is going well, it’s easy to take money for granted. It pays the bills and lets you take care of your family, enjoy your home, car, hobbies and holidays. Your income is…
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Why Your Spending Plan Matters

Brendan providing a brief description of how to properly use the Eolas Money Spending Plan which can be downloaded by clicking the following: 2022-Eolas-Money-Spending-Plan.  

IORPs II

An update for our SME clients and for those with responsibility for running your company’s pension scheme about the introduction of new EU legislation – IORPS II – and the impact that this new legislation will have on the future governance and management of defined contribution pension schemes..  If you are looking for information on…
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Christmas 2021

As the festive season is now upon us once again, we would like to wish all our members, clients and your families a very Merry Christmas and a Happy New Year.  As we celebrated our 12th anniversary recently, we thank you once more for your continued support during 2021, for your referrals and your kind comments during another extraordinary year…
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The Eolas Money Spending Plan

Financial Planning is about aligning your finances to your objectives. To do that properly, your starting point is to understand the way you spend money at present and what it takes to maintain your current lifestyle.    To see what the spending picture looks like for you, please do the following: Complete the Monthly Income…
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