CGT Archives - O’Leary Financial Planning

Changes to the Finance Act 2022 that could greatly benefit your Retirement Plan

Personal Financial Planning is not always a priority for business owners, company directors and those in senior positions. Increasingly busy schedules and demanding responsibilities often mean retirement planning is put on the back burner. You’re losing out on significant tax relief on retirement savings and investment opportunities by not prioritising your retirement. Your pension should …

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Keeping perspective during stock market volatility

News / By Site Manager

The humanitarian crisis unfolding in Ukraine is devastating and extremely distressing. The impact of the Russian invasion of Ukraine has unnerved global markets. Investors worried about recent events and the movement of the markets should not be quick to react. They need to hold tight… now is not the time to get out. There …

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Investment outlook for 2022

News / By Site Manager

Warren Buffet once said, ‘the stock market is designed to transfer money from the active to the patient’. This year, 2022, this advice will be extremely relevant! Covid 19 has had a severe impact on our economy over the past 2 years. 2021 was tough for many businesses not least hospitality. Many small businesses …

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The impact of inflation on savings and investments

The Impact of Inflation on Your Savings & Investments

News / By Site Manager

Euro saved is a Euro earned! So the saying goes, but thanks to inflation the value of that Euro saved could be a lot less than when you earned it, over time. The obvious impact of inflation on your savings is that your purchasing power is eroding. This means that if you stash €100 under …

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Keeping your wealth in the family…

News / By Site Manager

Passing on wealth can be a sensitive subject not only because of the financial complexities but also the family emotions and politics it might drag up. In 2020, Revenues net receipts from Capital Acquisitions Tax (CAT) were €505 million. €430 million of this was made up of Inheritance Tax and €71 million was made up …

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Company Owners avoid the 20% surcharge on your reserves

News / By Site Manager

Irish companies which are “close” companies are liable to pay a 20% surcharge each year on any investment income (or deposit income) which is not distributed. A “close” company is a business controlled by 5 or fewer participators – i.e. a person who has an interest in the income or capital of a company. Does …

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So what are the financial benefits to getting married?

News / By Site Manager

“You don’t marry someone you can live with… You marry someone you can’t live without” – unknown Ok so it’s not the most romantic reason for a proposal, but there are many financial and practical reasons to tie the knot. As well as the joy of sharing your life with the love of your …

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You lose some, you win some… Offset your investment losses against Capital Gains Tax

News / By Site Manager

By Cleona Kinahan M.Sc CFP® QFA FLIA Did the Property crash in 2009 affect you? Have you suffered CGT losses in the past that you have forgotten about? Have you ever crystalised a loss on bank shares? Or any shares for that matter? Offset your investment losses against current gains to reduce your tax liability. …

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