Helping you on Life's Financial Journey
At the National Pensions Summit last February, Minister for Social Protection Heather Humphreys outlined the planned introduction of pension auto enrolment to be effective from 01st January 2025 and we now outline some key takeaways of Auto enrolment. Currently, only about 35% of the private sector workforce actively contribute to a supplementary pension scheme, and…
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Finance Bill 2023 introduced a temporary one-year Mortgage Interest Tax Credit to help those who experienced huge increases in their mortgage interest bills during 2023 as a result of the series of interest rate rises from July 2022 on. We have attached a video to a short video from Brendan setting out the details on how this relief operates.
For some the State Pension, of approximately €14,500 per annum will be an important source of income in retirement. However, significant changes in when the State Pension can be claimed apply from 1st January 2024, and from 1st January 2025 the way in which a new State Pension entitlement is calculated will be changed. So,…
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Find attached our Budget 2024 Summary highlighting some of the relevant announcements made on 10th October.
With effect from 1st January 2023, significant changes have taken place in the realm of pension planning and specifically with Personal Retirement Savings Accounts (PRSAs). These updates have had a significantly positive impact for business owners ushering in new possibilities for increased pension contributions and most importantly, full corporation tax relief. From 1st January…
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We are recruiting an apprentice to join our team in 2023 and to commence The Insurance Institute of Ireland (III) Apprenticeship Programme. If you would like to join the Apprenticeship programme within Eolas Money, we would love to hear from you!Details of the apprenticeship are outlined below, or to apply, please email Julie Kennedy at…
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Most businesses will prioritize its insurance policies as an important step to protect the business against potential financial risks and liabilities. Business insurance provides peace of mind, minimize financial loss, meets legal requirements, and improves business credibility. However, while business continuity will always be a top priority, Eolas Money’s Jim Stapleton outlines the various personal…
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When providing financial planning support to our clients, we do so to help create a sense of financial wellbeing which we describe as being able to: Fully meet Your current financial obligations, Feel secure in Your ability to meet Your future financial obligations, Have peace of mind when it comes to the “What Ifs” life…
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It is inevitable but at a certain time in a business’s lifecycle and as people approach a certain age, the business and the business owners must begin to plan for their exit from the business. Organising a successful exit from your business is a process, and one that needs to be planned carefully, whether you…
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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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