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 …
efficient-financial-budget-summary-2018
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 …
TAX FACTS 2017 Listed below are summary notes on taxes, which you may find helpful as a reference point. This information was prepared in December 2016 for the 2017 Tax Year. If you are interested in exploring what changes could be made to improve the tax situation for you or your dependants, please contact us today for an initial financial …
SOMETIMES, THE BEST REACTION IS NO ACTION AT ALL. To help understand this, consider a soccer analogy. During a penalty kick, a soccer goalie must make a split-second decision to stay put in the centre of the goal, jump left, or jump right. Behavioural economist Ofer Azar collected data on more than 300 goalies and discovered that goalies who jumped …
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 …
Tax Notes 2016 V3
