inheritance planning 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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The Top 5 Myths of Life Insurance (and how not to get caught up in the hype…)

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When it comes to protecting yourself and your family the most important thing is to get the facts and take the mystery out of your financial protection once and for all. Most people are surprised at how financially exposed they are and the right life insurance policy at the right price can be critical at …

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You can’t manage what you don’t measure!

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You can’t manage what you don’t measure. This statement is true for any aspect of your life, but none more appropriate than your finances. Talking about your finances can help people to make better informed financial decisions, feel less stressed, & more in control Do you need to start saving a little bit more? …

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10 Reasons to Jump Start Your Financial Future…

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GET FINANCIALLY FIT for 2022!!! It’s time to improve your overall financial knowledge Get clear on your options. Taking the time to understand your current financial position will help you identify the challenges that you may face (both now and in the future). The sooner you identify these, the sooner you can remedy them …

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Where to begin when making a Will

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Making a Will Taking the time to draw up a plan for your estate can prove to be one of the greatest legacies you will leave your loved ones. A plan clearly setting out what you’re wishes are and where your most important documents are kept can make it easier for your loved ones and …

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Nearing Retirement: Checklist of things to do

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Checklist of things to do when you near retirement It’s a good idea to start planning when you’re nearing retirement age. Here is a checklist of things to work on now before you retire: Find your paperwork. Old pensions from previous employers, life cover, current investments, pensions. Some people are very organised, they …

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What you need to know about starting a pension

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What do you need to know about starting a pension? People retiring today expect to be much more active than previous generations, so it’s important that you prepare for the life you want to live when you reach retirement age. You may not want to stop working at 66 but you should know what your …

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Keeping your wealth in the family…

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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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So what are the financial benefits to getting married?

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“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

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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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