Protection cover for cohabiting couples 1 in 10 people are cohabiting in Ireland. Are you one of them? Assets passing on death between married couples or civil partners are exempt from Inheritance Tax. BUT this only applies in the case of ‘legal spouses’ and same sex registered civil partners. All other couples are treated as
Budget 2014 Summary The main relevant changes announced in the Budget 2013, are as follows: Pension levy to increase to 0.75% for 2014 and continue at 0.15% for 2015. Levy is increased and continued for 2015, in spite of a commitment by the Minister in last year’s Budget to terminate the levy in 2014.
An area for concern among cohabiting couples is the area of property ownership, and the taxation treatment of the house they live in on the death of one cohabiting partner. The stranger threshold for Inheritance Tax is €15,075 (December 2012). Inheritances in excess of this are subject to tax at 33%. So where the ownership
If you are self-employed you must calculate your tax liability and make a payment by 31st October 2013 in respect of your: 1. Final Tax Assessment for 2012;2. Preliminary Tax for 2013. (Note: If you use the Revenue Online Service (ROS) to both file your tax returns and pay your taxes you have until 14th
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Your Will could be useless or dangerous! A badly drafted or out-of-date Will can do more damage than no Will at all! A Will is a vitally important thing to write. But an incorrect, badly drafted or obsolete Will can be a huge headache. A Will is an expression of your wishes regarding the management
Do you need financial advice?Financial products can be complicated and it can be difficult to compare options and make the right decision for you. If you are confused by what is on offer, it’s best to seek independent financial advice. You might consider getting financial advice if you are making long-term financial decisions, such as:•
Negative Equity Insurance Negative equity insurance is simply using a life insurance policy to fund the difference between to value of a property and the outstanding debt on it should you pass on. This is a very prudent estate planning measure; whilst you may be in a position to manage your affairs on an ongoing
If your children are struggling, it’s natural to want to help them. But rather than throw money at the problem, what other things can you do to help them get out of debt? Many under 25s are unemployed. With jobs so hard to come by, it’s easy to understand why many of the younger generation
Keyman Insurance – Insures Some of your Biggest Businesses Risks Keyman insurance is one of the most overlooked and most important insurances in business. As a businessman you might have public liability insurance and you insure your buildings, stock and vehicles, professional indemnity insurance and legal cost insurance. What about your other Primary Assets –