Standard Fund Threshold (‘SFT’)
The Irish Revenue SFT is currently at €2 million, this means that an individual can tax effectively build a pension fund in their working lifetime (both private and public sector up to this limit). If their fund is greater than €2m then they are liable to Irish Revenue at a chargeable excess tax rate of 40% on every Euro accumulated in their pension fund over this limit
US Citizens retiring in Ireland: Financial Planning considerations
Retiring to Ireland as a US citizen or returning as an Irish native can be an exciting prospect, but it also requires careful financial planning. We have seen a huge increase in former Irish emigrants who left Ireland in the 1980’s & 1990’s looking at returning to Ireland as a safe place to live or retire. It’s important to consult with someone in Ireland who specialises in this area to ensure you structure your finances in a way that is favourable on both sides of the Atlantic.
Capital Acquisition Tax – Is the state one of the major beneficiaries in your Will?
Inheritance Tax in Ireland (IHT) might not be something that comes to mind at first when you are arranging your finances and planning your retirement but…
If your over 40, you should take a ‘Hands-on Approach’ to your Annual Pension Statement.
Whilst any younger readers (< 40yrs) can be excused for taking a passing interest to their annual Pension statement, those over 40+ should take a greater ‘hands-on approach’ to managing and reviewing their annual Pension statement.
PRSA – The Most Tax Effective Pension Solutions for Business Owners
For Business owners of established companies and their spouses, a PRSA pension is the most flexible and tax efficient pension in the Irish market.
Understanding the Newest Changes to UK Pensions
The UK pension landscape is constantly evolving, and it’s crucial for individuals to stay informed about the latest changes. In this blog post…
Irish Savers Should Move Cash as AIB and Bank of Ireland Sit Tight
It feels like the entire country went to bed one night in early August and set the alarm clock for 2008. The country’s banks found themselves back as..
Would you like to make 10x more profit on your business deposits?
Would you like to make 10x more profit on your business deposits? CFO’s and Company Directors, Are you facing challenges such as tax burdens, inflation, low growth, and limited options from banks in Ireland? Would you like to; 1 – Make more money from the cash your firm has on deposit, without taking any additional […]
Five key tax benefits of obtaining non-habitual residency status in Portugal
Five key tax benefits of obtaining non-habitual residency status in Portugal The following benefits only last for 10 years. After that, you will become a regular tax resident like other citizens and will have to abide by the traditional Portuguese fiscal regime. 1 – Flat rate of 20% on certain foreign-source income: Non-habitual residents are […]
Is a PRSA Pension suitable for a business owner?
Is a PRSA Pension suitable for a business owner? Are you a business owner who would like to move surplus reserves from your business and save tax at the same time? The recent changes in PRSA legislation (pension retirement savings) has presented Business owners and their spouses with the possibility to extract wealth from […]