Financial Planning – Eolas Money

Tag: Financial Planning

Helping you on Life's Financial Journey

Employers, Be Prepared as Pension Auto Enrolment is Coming!

 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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Mortgage Interest Tax Credit

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.

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Changes to the State Pension

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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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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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. 

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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Protecting Your Most Valuable Financial Asset – Your Income!

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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Eolas Engage App

Eolas Engage App

Over the coming weeks, Eolas Money are delighted to be rolling out our new Eolas Engage App to members of company pension schemes that we are advisors to. This new app will allow members to engage directly with us with any pension or general financial planning query at any time during the year, not just…
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What is Cashflow Modelling and how can Eolas Money help you?

Cashflow modelling is a vital part of the financial planning process completed with the aim of achieving financial goals, such as repaying your mortgage, buying a holiday home, paying for school and university fees and being able to retire when you want to. It is also important that you have sufficient funds for emergencies to…
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