Category Financial Planning

Finance (No. 2) Bill 2011 – Pensions Levy  The Finance (No. 2) Bill 2011 introduces a levy on pension schemes and equates to an annual stamp duty of 0.6% on the market value of assets under management in pension schemes.  The levy will apply for a period of four years (2011 to 2014). The schemes …

A new company set up to take Irish money abroad! Declan Ganley and Constantin Gurdgiev set up new operation.  Link to story.

This is a link to the article by professor of economics at UCD, Morgan Kelly in the Irish Times on 7 May 2011. It discusses the role of Patrick Honohan, governor of the central bank and others in the bailout and why Ireland should walk away.

Pensions Tax Relief to Change to 33%

The ECB have increased interest rates by 0.25%. This increases the ECB rate to 1.25%. This will increase mortgage payments by €15 per €100,000 monthly. The increase is the first of several expected over the next 12 months and will mean higher mortgage costs for roughly three-quarters of Irish homeowners. Irish Banks are expected to …

A recent article by Conor Pope in the Irish Times (4/4/2011) highlighted a method of making some savings on mortgage payments. The premise is that if you pay your mortgage monthly and change to paying your mortgage fortnightly there are massive savings in interest to be made.

Check out the following website for Health Insurance comparison www.hia.ie

interesting article by David McWilliams in the Irish Independent

This is a quick summary of the potential effects on pensions (public and private sector) arising from the 2011 – 2016 programme for government with Fine Gael and Labour.

The Peoples Economy