10 reasons pensions make sense
Should I start or restart a pension? 10 reasons pensions make sense Recent research commissioned by Aviva has revealed a stark disconnect amongst adults in Ireland when it comes to pension planning. The research, based on a representative sample of 2,000 adults, found that only 34% of them had a private pension. Furthermore, two-in-five of them admitted to having no idea how much their pension fund is worth. More than half have no idea where […]Read More
October 31st Tax Saving Deadline
Making the most of the tax relief available if self-Employed or PAYE If you are self-employed you must calculate your tax liability and make a payment by 31st October 2019 (12th November if registered with ROS) in respect of your: 1. Final Tax Assessment for 2018; 2. Preliminary Tax for 2019. The good news… You can reduce your 2018 Final Tax liability and your 2019 Preliminary Tax liability by making contributions to a Personal Pension […]Read More
Pension Review, does this sound like you?
This week a client contacted us for review of his pension . He is aged 33 of age and currently paying 300pm into a pension with a likely retirement age of 68yrs. My first task was to research his case whereby I found the following issues, firstly his pension was not being reviewed on a regular basis by the current pension provider. The second problem I found was that his money was not invested in […]Read More
A host of links to all things pension
This week we would like to offer you a whole host of helpful links to articles about pensions that have appeared in national press in previous weeks. We would love you to get in touch if you would like more information and if we can help in anyway at all. Are you thinking of getting a pension plan? Do you need more information on your retirement options in Ireland. Are you close to pension age […]Read More
Is it ever too late to start a pension?
In the Irish Times this month there is an in depth article outlining why it is never too late to start planning your pension. Depending on your age there are many different option and sometimes your age might determine that it is not on your mind, however it is always good to have the information at hand. So even if you have all sorts of reasons why you haven’t started saving for your retirement yet […]Read More
How good am I with my money?
We are all different when it comes to money, we ask ourselves how can we be better with our finances, how can we afford to live the way we want to but save a little too? we worry at times, should we be investing in the future or is it something to think about later in life? There are others who seem to know exactly how much the value of things are, they are the […]Read More
It’s time to talk about tax already I’m afraid. If you are self-employed you must calculate your tax liability and make a payment by 31st October 2016 (12th November if registered with ROS) in respect of your:
1. Final Tax Assessment for 2015; 2. Preliminary Tax for 2016.
The good news…
You can reduce your 2015 Final Tax liability and your 2016 Preliminary Tax liability by making contributions to a Personal Pension plan or to a PRSA plan by 31st October 2016 (or 14th November 2016 for ROS users) and electing to backdate the tax relief to 2015.
Tax-saving for the Self-employed
If you are self-employed you must calculate your tax liability and make a payment by 31st October 2014 (12th November if registered with ROS) in respect of your:
1. Final Tax Assessment for 2014; 2. Preliminary Tax for 2015.
The good news…
You can reduce your 2014 Final Tax liability and your 2015 Preliminary Tax liability by making contributions to a Personal Pension plan or to a PRSA plan by 31st October 2015 (or 12th November 2015 for ROS users) and electing to backdate the tax relief to 2014.
John is self-employed, aged 45 years, and his Net Relevant Earnings for 2014 wereRead More
How to buy an Annuity
Research reveals how little time many of us put into choosing an annuity so this week we look at how to get the most from your retirement pot. This is one of the biggest decisions any of us will make. You only get one crack at it, but it's a decision that can influence the next 20-30 years of your life. So it's distressing to see some people spend less time than most of us put towards working out our next holiday or what car to buy.
What is an annuity?Read More