Massive pension tax loophole-€2M tax free contributions permitted

There is a massive tax loophole you should be aware of. A taxation change brought in by the Finance Act 2022 removed a benefit in kind charge on employer contributions to a pension pot for an employee. The Revenue Commissioners have expressed their concern about the change and the consequent loophole. The effect of the… Continue reading Massive pension tax loophole-€2M tax free contributions permitted

How to give wealth to your children in the most tax efficient way

If you want to give your child €1,000,000 and you give him/her cash he/she will pay tax on the gift or benefit in a will at a rate of 33%. Your child will have a tax free threshold of €335,000, therefore will be taxed on the excess of €665,000. The same capital acquisitions tax/gift tax… Continue reading How to give wealth to your children in the most tax efficient way

Mount Street, Ireland, 2024

It’s only when you walk up Mount Street that it strikes you. The tents. Tents everywhere. On the footpath, in all the side streets, near the International Protection Office. I was walking out to the Workplace Relations Commission in Ballsbridge yesterday and walked past these tents. It is hard to believe this has been allowed… Continue reading Mount Street, Ireland, 2024

Fearing for Kildare footballers today

As a long suffering Kildare GAA fan reading Dean Rock’s preview analysis of the Kildare v Louth game in the Leinster Championship in Croke Park made difficult reading yesterday morning. It upset the smooth passage of the porridge down my throat, to be honest. Dean Rock fancies Louth to beat Kildare today. Why? Because of… Continue reading Fearing for Kildare footballers today

I’m proud of this call

My forte would not be human relations or the touchy-feely stuff. Any strengths I have probably lie elsewhere, I will admit that. I am capable of saying the wrong thing at the wrong time. Not out of malice or intention but out of clumsiness and a dearth of those skills that my wife possesses. So… Continue reading I’m proud of this call

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