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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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The news of Euan Munro’s sudden departure from Standard Life (as manager of their much lauded GARS fund) over a year ago made all the major papers. It even made this blog.  The designer in chief of the newest, most complicated, “potential cure to all ills” fund was leaving the Scottish investment firm and heading [...]

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Pat O'Dwyer

Gentlemen prefer Bonds

By: Pat O'Dwyer

Avid readers of this blog will remember this subject line from a couple of years ago, when we looked at the characteristics of bond investing and the somewhat more predictable nature of their returns. The quote is attributed to the well known U.S. banker from the early 1900s, Andrew Mellon. He was secretary for the [...]

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