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 …

Retirement Security In The Future

In September 2016 Aviva published a report called – Mind the Gap – Quantifying the Pension Savings Gap in Ireland. Our problem is a change in demographics with an ageing population with a longer life expectancy coupled with a pension coverage in the population in 2016 of only 46.7% and lower investment returns than previous decades. Other countries have similar …