By Cleona Kinahan M.Sc CFP® QFA FLIA “Schools teach you how to work for money, but don’t teach how to make it work for you.” — Robert Kiyosaki 1. Spend less than you earn This is a discipline. In order to achieve this goal, you have to know where your money is going each […]
10 Things about Money You Weren’t Taught at School… Read More »
In the dynamic landscape of business ownership, planning for the future is essential. One often-overlooked aspect of financial planning for business owners is corporate savings. Corporate savings represent a valuable tool for business owners seeking to enhance financial resilience, optimize tax efficiency, and secure long-term prosperity. Only withdrawals, surrenders, maturities, assignments, events every eight
“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
5 financial reasons to say “I do”… Read More »
To what degree do you expect the business to form part of your assets? How do you view your business in the context of your overall financial goals? You might find that relying on your business to fund your retirement restricts your options for the future… Building and maintaining a new business
Personal Financial Planning for Business Owners Read More »
The basic goal of estate and gift tax planning is to ensure that as much of your assets and property, whether they are gifted during your lifetime or bequeathed in your Will, are transferred with as little taxation consequences as possible. With careful estate and tax planning, it is possible to minimize or even
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
Changes to the Finance Act 2022 that could greatly benefit your Retirement Plan Read More »
Anyone who owns property or other assets should make a Will. Having an up-to-date Will means your assets will be distributed according to your wishes. More importantly, your family is spared a complicated and drawn-out administration of your estate as set out by the Succession Act 1965. Dying intestate (without making a Will) means your personal
Inheritance Tax Planning Read More »
When our parents started working it was normal to stay with the same company until you retired. Nowadays it is rare for someone to stay with the same employer for 20 or 30 years. Most of us will have 5 or 6 jobs before we retire, we may even change career 2 or 3 times
Do you have a pension with a previous employer? Read More »
If you live in Ireland but have a British pension or investment now is a good time to review them and consider whether or not to transfer your UK pension to Ireland. As with everything there are pros and cons but the benefits will depend on the type of pension you have. Most of
Transferring your UK Pension to Ireland Read More »
By Cleona Kinahan M.Sc CFP® QFA FLIA No matter what type of savings or investment account you have your money in chances are you’ll be liable for some level of tax on any gains made on your investment – Dirt; Stamp Duty; Capital Gains Tax; Exit Tax. Tax treatments on investments should be one
Tax Treatments on Investments – What you should consider Read More »