Tag Archives: Good Financial Housekeeping

Homeowners looking to write off mortgage debt

Homeowners struggling with their mortgage debts may be able to get substantial amounts written off. Of course there will be a price to pay – The banks will insist that customers cut back on “luxuries”. Foreign holidays and Sky Sports may not be too much of a sacrifice, but expect major objections to having to take children out of private schools and to have to do without private health insurance. Charle Weston’s Irish Independent article of 21/03/13 ia a great read. Continue reading

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Protection for unmarried couples

Unmarried couples face serious inheritance tax bills on the death of one of them, 50% of the value of the home, less 15k, charged at a tax rate of 33%. Contact your broker and ask about “life of another” policies. Problem solved. Continue reading

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It can all change in a moment

Today I spoke with my friend and client John (not his real name) in Wexford. John is 40, married and has 2 young daughters. I have known him 15 years during which time his career has had its ups and … Continue reading

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Life Assurance Market Research

We have life assurance company representatives knocking on doors in the evenings to generate sales leads by way of market research. In this competitive industry, a life assurance member of the Professional Insurance Brokers Association (PIBA) can offer more choice. Having 5 life assurance company agencies is a minimum requirement and means that more independent advice can be offered. Continue reading

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Credit Card Debt

Have a look at your credit card balance over the last year. If it always close to your credit limit, then you effectively have a permanent loan at a double digit interest rate which you can never clear. If your … Continue reading

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What about that old pension?

Many of us have left small pension funds in previous jobs and hav never done anything with them. What should we do, what options are available and what information do we need to help with making the decision? Continue reading

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Struggling to pay your mortgage?

Huge numbers of people are struggling to pay mortgages and other debts in Ireland. The lenders don’t seem to be offering much help, customer stress levels are high and it’s often hard to see any hope at all. We at Good Financial Housekeeping can improve the debt situation, deal with the lenders, put a plan in force and make the problem much more manageable. Continue reading

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R.I.P. in Ireland

Ireland may already have 40,000 mortgages in arrears, but when ECB finally rises there will be carnage. Large numbers of residential investment property (R.I.P.) mortgageholders will all be in trouble at the same time resulting in a further property slump in Ireland. This crisis will of course “surprise” us. Continue reading

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Pensions & the Government Four-Year Plan

Irish private pensions – Implications of the Irish Government’s National Recovery Plan 2010 – 2014. There will be less relief in the future for contributions, so consider additional contributions now.
Good Financial Housekeeping – Helping to make your income go further. Continue reading

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Pension Opportunity in Ireland

The National Recovery Plan, 2011 – 2014, proposes the abolition of pension relief for employee PRSI and Health Levy contributions from 2011. Furthermore top rate income tax relief on pension contributions will fall from 41% in 2010 to 34% in 2012, 27% in 2013 and 20% in 2014. This means there is a great opportunity for people with money sitting on deposit to benefit greatly by making a pension contribution for 2010.
Good Financial Housekeeping – Making cents! Continue reading

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