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I have a Revenue-approved small self-administered pension (SSAP) fund with €300,000 in cash. I would like to invest it in building a house for rent. The house would be owned by the fund and the rental income paid into that. I have identified a site in Limerick. Can my SSAP fund purchase the site, apply … Continued
Irish Life Multi-Asset Portfolios (or Irish Life MAPS) is hard to avoid. It’s the biggest multi-asset range of funds in Ireland. It sometimes seems like its advertisements are on the side of every bus. And AIB, Permanent TSB and Ulster Bank also promote it heavily. So is it right for you, and is there a … Continued
Irish Life ran a great ad ran last year, showing women queueing up at an ice-cream van on a summer’s day to buy a 99. Imagine their disappointment to be told they could only be served a “77”. What’s that? Well, it’s the same ice-cream, but yours is 22% smaller. Heck, even the flake is … Continued
I currently have my savings in a number of cash accounts, here in Ireland, earning not more than 0.25%. I am at an advanced age and would like to invest €100,000 in secure low risk investments. Can you advise me what I should do and how to go about doing it? – HL, Ireland Recent … Continued
If your employer pays over your contributions, then they’ll typically handle the tax deductions for you. But if you’re paying into a personal each month from your own bank account, you’ll need to let Revenue know so that they can adjust your tax credits. Here’s Moneycube’s handy guide to claim your tax credit on contributions … Continued
Everything you need to know to make a last-minute pension contribution ahead of the 2019 income tax deadline Making a lump sum pension contribution is a great way to rapidly increase your pension provision and secure your financial future. And now is a great time to top up your pension and claim income tax relief … Continued
Bank of Ireland recently decided to charge negative interest rates on individual pensions set up through trustees. Are you affected? We’ve set out the key facts and some options to consider. If you’d like to discuss how Moneycube can help you get to grips with this change, get in touch. What’s happened? It’s become clear … Continued
The government really wants you to save for your retirement. So they offer three great tax advantages to encourage you to save into your pension. Here’s Moneycube’s explainer on the three tax concessions for pension savers. Read how tax relief on pensions in Ireland works, how much you can claim, and how that will accelerate … Continued
Going for gold is the 3,000-year-old investment strategy. So is it the right choice for investors in Ireland? Gold has some characteristics that investors just can’t ignore. When governments print money, countries fight wars, or political uncertainty increases, share prices can come under pressure. But demand for gold grows. This is the scenario that is … Continued
