With so many financial products available it can be difficult to compare all the options and make the right decision for you. If you are confused by what is on offer, it’s best to get professional financial advice.
You might consider getting financial advice especially if you are making long-term financial decisions, like:
Is it too early to mention the C word? That’s right guys, like it or not, the time has come for you to start thinking about Christmas. It’s an expensive time of year but hopefully, we can help you get more bang for your buck after reading this blog. One iconic quote that really resonates with me about Christmas, is from George Best who said ” I spent a lot of money on booze, birds and fast cars. The rest I just squandered. ”
Having graduated with a Degree in Economics from the London School of Economics, I began my Career in 1995 as an Investment Banker. Twenty two and full of confidence, I found that Investment Banking was a great platform to make a lot of money! I was moving hundreds of Millions of Pounds/Deutschmarks & Lira between banks which thinking back was a huge responsibility for a 22 year old !! Having worked in some of the biggest Global Banks, I found after 5 years. it was not something I could envisage myself staying long-term and lost the desire to continue.
Are you sick of seeing adverts from the life assurance companies about pensions and wondering is there anything else I can do? Whilst there are very few tax saving schemes available in Ireland, especially for PAYE workers, there are ways we can reduce our tax bill NOT using a pension. The main scheme which is an alternative or compliment to pensions and is not commonly known amongst the general public is called the Employment Investment Incentive Scheme (EIIS for short). It is really the only other game in town for higher Tax rate payers (those earning over the new standard rate threshold of €35k per annum, or if they are married and taking their spouses allowances €45k per year). It is an investment Irish individuals make into an Irish company.
The EIIS is one of the few remaining sources of total income relief, allowing you to obtain income tax relief on investments in qualifying SMEs. An individual with a taxable income liability in the year the EIIS investment is made can obtain tax relief for the following:
1. PAYE earnings
2. Rental income from property held in a personal capacity
3. ARF distribution income
Tax relief is available in two tranches: an initial 30% in year 1 with a further 10% when additional criteria are met in year 4.
I spend my days showing people the money that can be saved by simple changes (without reducing benefits). These savings amount to thousands of euros over the course of the plans but yet a lot of people make do with the status quo. I think ironically the recession has a lot to do with this. Whilst we were all affected by it a lot of us have forgotten how to deal with things we can control in our everyday lives.
“Education is the most powerful weapon which you can use to change the world” – Nelson Mandela. This investment in knowledge pays the best interest, however, are our pockets being stretched too far? Have you felt the financial pinch of back to school costs? We’ve some tips to help you find it easier financially next year whether you’re the parent of a primary school pupil, secondary school student or have a child going to third level next year. As the school term starts back, parents across Ireland will be busy preparing packed lunches, laying out uniforms and helping primary school children pack their schoolbags and saying their last goodbyes to their babies who are leaving the nest for Uni. And guess what, chances are you are underestimating the cost of sending them to school and college.
We all wrestle through periods of time when things get tight and we need to make money fast. It’s an exhausting endeavour to expend extra effort just to see the resulting extra cash fly out the door. But making money doesn’t always mean earning more money, it could be saving cash from other areas in your life. Don’t let financial anxiety paralyze you. Get creative and get those bills paid.
The list below is a Mix and Match Tips on How to Make Money Fast:
Shares in the third largest European bank IPO since the financial crisis were over four times oversubscribed when they were sold last week. AIB’s listing on the main securities market has provided the Irish Stock Exchange (ISE) with the largest IPO in Europe in 2017.