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Pat O'Dwyer

The Magnificent 7….

By: Pat O'Dwyer

The Magnificent 7 (ways to lose money) !

Introduction
I completed a B.Comm degree in 1984 and went in search of a job. I got one in the insurance industry and have been involved in this industry since – 33 years. That’s a long time!
Like many industries, I’ve witnessed radical changes, most, thankfully for the betterment of […]

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CityLife Galway Autumn Event

CityLife Galway hosted Autumn Event at O’Donoghue Centre, NUI Galway.

Our speakers were Chief Economist with Friends First, Jim Power who gave us an outline of current economic trends. Pat O’Dwyer MD, CityLife Galway gave an in depth presentation on the “Seven Deadly Sins” which you can read about on our news. We […]

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College Fees and your Child!!!

The leaves are turning golden brown and there are a few more of them blowing about each day. It can only really mean one thing – back to the fun of learning for all students, and the financial worries that go hand in hand with this time of year for parents!

It’s […]

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Life sometimes can be a game of chance, but the adoption of a few basic operating procedures can certainly improve your ability to be successful. Talking to the right person is a good starting point. The world of Investment and Gambling are not automatic bedfellows but there are many similarities in the way you can […]

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Many company year ends are the 31st Dec. If your company has had a good trading year and potential exposure to corporation tax, there might be a way of mitigating this liability and creating a scenario whereby funds are transferred to yourself personally without tax implications.

We recently gave pension advise to a Company Director, which […]

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Firstly, let’s look at the basic facts about self-employed pension funds for someone with a need to replace a relatively high income stream in retirement.

The Standard Fund Threshold (sometimes referred to as the maximum fund) has been €2M since 2014
The maximum salary allowable to qualify for personal tax relief in a given year is €115,000
Using […]

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City Life Galway, in association with Davy Select, celebrated the 5th anniversary of their founding with a celebratory lunch in the Ardilaun Hotel Galway,  for clients, professional introducers and friends on Monday 25th July, followed by a trip to the first day of the Galway Races Summer festival. The proceedings were brilliantly compared by the […]

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On June 23rd, the citizens on the United Kingdom voted to leave the European Union.

The Referendum was advisory rather than mandatory and does not have any immediate legal consequences. With any next steps being driven by UK and EU politics, it is difficult to predict the future of the UK relationship with the EU. […]

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This is a great question nowadays, as interest rates are hovering around 0.75% at best.  DIRT tax is 41% along with PRSI of a further 4%.  Not ideal.  Contrast this with the DIRT rate in 2007 of 20% and PRSI of 5.5% – an increase of deductions of 76%!   The good news is that […]

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“Freedom at last – New Pension Options for GPs”

As we approach the end of 2015, pension contributions and longer term planning start to come on the radar of the GP. In this context, the change to the rules of the General Medical Services pension scheme in early 2014, which allowed GPs to invest in Approved […]

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