Tax is complicated and expensive, so Moneycube loves simple ways to save on it. Here’s one of our favourites – the small gift exemption. This tax break lets anyone give another person up to €3,000 per year without triggering a tax charge for the giver or the receiver. We find it a great way to … Continued
Your pension is probably the best long-term financial plan you can make. Why? Because the earlier you sort it, the better it gets. But like so many financial topics you have to peel back layers of complication before you figure out what to do. Good news! We’ve done some peeling for you right here. There … Continued
Nationwide UK closed its only Irish branch, on Merrion Street in Dublin yesterday. The entire operation is scheduled for closure later this year. It’s another nail in the coffin for savers trying to make a few bob on the money they have put away. The bottom line is it’s now next to impossible to earn a half-decent return on … Continued
The government really wants you to save for your retirement. So they offer three great tax advantages with the money you put into your pension. Moneycube thinks these are worth shouting about! Tax relief on contributions Firstly, you get income tax relief on the money you put in. If you’re a 40% rate taxpayer, when … Continued
Investment funds are a new game to many of our users, so here’s our handy summary of why they’re a great option to build up your savings and wealth. Chance of higher returns than your bank account Irish-based funds generated an average 11.6% annual return over 5 years compared to 0.9% over 5 years from … Continued
At Moneycube we believe more people should think about investing their savings. One big reason for that is that it is almost impossible now to make any money by leaving it on deposit in the bank. And with inflation on the rise again, that means your bank accounts are worth a little less each month. So we’re … Continued
Investing for the first time? Here are five questions to ask yourself before you take the plunge. What do I want? What are you trying to achieve by investing your money? For example, you might want to build up your wealth through capital gains, hit a financial goal like a house deposit, to save for … Continued
Here at Moneycube, we help our customers to take control of their money. So we’ve set ourselves a target to put away a million Euros by age 50. Why age 50? Well, that’s the earliest age most people can take benefits from a Personal Retirement Savings Account, or retirement fund to you and me (terms … Continued
