10 ‘bumper’ financial tips for 2022

15th December 2021

Niall Rooney, our Financial Planning Manager rounds up his top 10 financial tips  to help us make wise choices in 2022.



When you mention the word Pension most people switch off and do not want to listen. It is most important that one plans for their retirement years,
to ensure we have the same lifestyle we have become accustomed to, during our working lives. View it as a long-term savings plan that is earmarked
for your retirement upon which you get tax relief! There is no better ‘bet’ to enhance your income in retirement and save you tax along the way.


Use Annual Small gift exemption – Capital Acquisitions Tax

The small gift exemption is a fantastic way to divest some of your assets over an extended period in a tax-efficient manner. €3,000 per annum per person can be gifted to an individual without any GIFT TAX being incurred by the beneficiary.  A couple can gift €6,000 in total to each of their children.  The motto is “Use it or lose it” If  it is not used in any year, it cannot  be carried forward to a subsequent year.
Click here to find out more:  City Life Galway Financial Tips for 2022



Contact us today!
Pat O’Dwyer at 087-2579942
Niall Rooney at 087-2482639
to get the conversation started or email us info@citylifegalway.ie