Author Archives: admin
10 reasons why pensions are still important
FollowWith the State pension destined to reduce in amount and start later, with life expectancy increasing and a consequent population bulge of citizens over age 65, it is timely look at pension funding again. With good reason or rather 10 good reasons. Continue reading
Local Property Tax
Residential property tax came thirty years ago, was very unpopular and went again twenty years ago. The LPT is imminent, apparently because the troika is insisting on it. Pending its arrival this year, we have had the 200 annual NPPR … Continue reading
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
Bank Of Ireland Hikes Tracker Mortgage Rates
Bank of Ireland has changed the rules of the game and somehow increased mortgage tracker rates! Continue reading
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
Personal Insolvency in Ireland 2013
The Personal Insolvency legislation is in place but the practical facilities are not quite ready. It will be at least Qtr 2 2013 before applications can be processed by the Insolvency Service of Ireland. Talk to your creditors in the meantime and have 6 months working with the MARP process in the case of mortgage debt. Continue reading
Moody’s: Negative Equity will now be the Key Driver of Default in Irish residential mortgages in 2013
Residential mortgage defaults to peak at 20% in early 2013, according to Moody’s. Moral hazzard may bring that figure even higher! Negative equity will now become the key driver. Continue reading
Life Mastery – The Lantern Centre
Help with Debt at the Lantern Centre. Good Financial Housekeeping. Continue reading
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
NPPR Bites Landlords
NPPR late payment structure turns the charge into a runaway train. Continue reading