Counting the Cost of School

The lifetime cost of our children’s education is a serious consideration for all parents. The cost of primary school education is 42 percent higher than parents expect, while the cost of secondary school education comes in 21 percent above parents’ expectations, according to research conducted by Zurich Life into the cost of education in Ireland. Education tier          …

Savings with RaboDirect Bank?

Do you have a savings account with RaboDirect bank?  You may have seen the recent press coverage with regard to RaboDirect withdrawing their banking services and the immediate impact this is going to have on their Irish savers. If you’re one of the 90,000 affected customers with money deposited with them, you’ll have already received a letter notifying you as …

Plan that Inheritance!

Changes in taxation often go under the radar and the impact goes unnoticed. In this article we wish to highlight the financial considerations when transferring assets, either by Gift or Inheritance.   Most people will be aware that there is a tax free threshold, whereby the amount transferred will not be subject to gift tax or inheritance tax. This threshold …

Are you paying too much tax?

Austerity measures introduced some years ago are still around today, and will be for some time. These measures were designed to increase the tax take on income or growth from assets held by an individual. Some examples of the increased tax treatment are summarised below: Asset Type Tax Year 2007 Year 2017 Interest on Deposits DIRT 20% 39% Capital Gains …

US Presidential Elections and The Stock Market

  There will be a steady stream of opinions from pundits and prognosticators about how the election will impact the stock market. As we explain below, investors would be well-served to avoid the temptation to make significant changes to a long-term investment plan based upon these sorts of predictions. Efficient Financial provides a bespoke investment solution for our clients by …