More than a million KBC and Ulster Bank customers face chaos as they try to switch accounts while the two institutions leave Ireland. People seeking a new bank are being blocked from opening a credit card account and getting an overdraft facility. The Central Bank has been urged to “get its finger out” and do more to stop the
Article by Sarah Collins Irish Independent 25th November 2021 Lenders will be able to take part in the government’s shared equity home buying scheme, despite a Central Bank fear that it could push up house prices. In its second financial stability review of 2021, the Bank said it would amend its mortgage measures to clarify
Rent family home and keep the cash in new Fair Deal revamp. Housing Minister Darragh O'Brien announces that income raised from family homes being rented out while their owner is in nursing home care will be exempt from contributions to the State’s Fair Deal scheme under soon-to-be-revealed plans. Irish Independent Article by Philip Ryan 27th
De-clutter, update and keep paperwork easily accessible. Develop a joint budget that realistically reflects day-to-day spending and big-ticket purchases and review it regularly. Evaluate if moving assets into joint ownership is the better option. List all debts and set a goal to pay them off and schedule time to re-evaluate. Evaluate
Register on Revenue's on-line system, MyAccount.ie Transfer Tax Credits and Standard Rate Cut Off to new employer. Join Company Pension & Protection Schemes to take advantage of (i) tax breaks on personal contributions into a pension and contributions your employer maybe willing to make (ii) Group Life Cover & Income Protection and (iii)
Budget Summary 2021
While additional household savings of €10bn in 2020 alone and €120bn held on deposit overall makes for interesting reading, it also highlights why many people receive very little in return on their savings. We can help by discussing your specific goals with you, segmenting your savings to ensure short and medium terms goals are covered
Charlie Weston's article outlines 10 measures to tip the scales in our favour and reduce tax bills in the months and years ahead. It is possible to backdate some of the measures for a period of up to four years which provides a second opportunity to assess if a tax refund is due. https://www.independent.ie/business/budget/charlie-westons-beat-the-budget-10-ways-you-can-save-with-a-few-simple-changes-37394708.html Source
Embarking on a financial plan is like sailing around the world. The voyage won’t always go to plan, and there’ll be rough seas. But the odds of reaching your destination increase greatly if you are prepared, flexible, patient, and well-advised. Outside the Flags - Sailing with the Tides
