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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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The Irish Property Recovery So Far

Budget 2016 will make us feel that bit better about things.  The timing is good, as it comes on the coat tails of a rapid improvement in the property market over the last couple of years. At City Life Galway we have noticed a strong pick up in confidence since […]

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They say that all good things come to an end, and the Irish property market is no exception as positive growth in this sector has until 2018 before the tide begins to turn, once again.

That’s according to chief economist with Irish Life Investment Managers, Lenny McLoughlin, who was speaking at the City Life Galway […]

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