Helping you on Life's Financial Journey
Recently, no doubt prompted by the school summer holidays, we have received a lot of queries from clients looking for advice on how to introduce some version of pocket money for their younger children, those who are not old enough to find part-time work themselves, as a reward for household or garden chores carried out.…
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Self-administered pensions allow pension investors to purchase properties via their pensions. Properties held fall under the categories of residential, commercial, industrial, or may be a combination of each of these held within syndicated pension funds. Is it appropriate for everyone, No. Are their restrictions, Yes. Is it complex, Just a little. Are their significant tax…
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BUSINESS OWNERS: Would you like to know more about the proposed auto enrolment scheme and how this may impact your business and employees?Register via the below link for our auto enrolment webinar hosted by Jim Stapleton CFP®, Head of Organisational Financial Planning here at Eolas Money. This webinar will provide business owners, HR & Finance Managers with…
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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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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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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.
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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Did you know…Just over 1 in 10 people have some form of income protection! If we were unable to work due to illness or disability, we wouldn’t rely on the State Illness benefit as our main source of income! Would you?? And how long do you think your savings would last you! So…
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