It’s almost the end of 2020 – and most of us will be happy to see it gone. Before we do, here are Moneycube’s five to-dos to wrap up your 2020 investments and finances. 1. Review your capital gains tax position If you purchase shares directly, this one’s for you. Every taxpayer in Ireland has … Continued
Category: Retirement planning
If you are approaching retirement, Moneycube provides independent financial advice to help you plan for your future income.
Our retirement planning blog can help you figure out the income you’ll need in future and how best to take your retirement benefits, and you can read more at our approaching retirement centre here.
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If your company is like most in Ireland, its accounting year ends in December. And that means now’s the time to think about making a special contribution to your company pension – especially if you’ve experienced a strong trading year. Read on to find out what’s good about topping up a company pension before year … Continued
A Personal Retirement Bond (sometimes called a Buyout Bond) is a pension account you can use to transfer out pensions from old jobs. You keep all the tax benefits of a pension, but cut the link with your old employer. Using a Pensions Retirement Bond means you are fully in control of investment choices, get … Continued
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 pension 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 … 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