As the end of year tax returns and some company year ends approach the following are a couple of points to consider re pensions Budget 2015 – the pension levy is being withdrawn at the end of 2015 The state contributory pension is currently 230.30 p/w. Add a dependent’s pension (over age 66) and the …
With the recent turbulence in the stock markets below is a view from Quilter Cheviot which sums up last week’s events in China and also addresses why we are still positive about equities A bear in a China shop? Global stock markets fell sharply last week on concerns about the robustness of the Chinese economy. …
Standard Life recently wrote to shareholders regarding a distribution they will be making in April following the sale of their operations in Canada. These payments will automatically be regarded as earnings subject to income tax unless the shareholder instructs Standard Life otherwise. This income option may expose shareholders to an income tax charge of up …
Read more “2nd March 2015 – Standard Life’s Share Distribution”
Finance Bill 2015 – changes to AMRF and ARF The following changes were recently introduced for AMRF and ARF holders AMRF – New withdrawal facility From 2015 onwards, AMRF holders will be able to withdraw annually up to a maximum of 4% of the value of their AMRF on the 1st February in that year. …
Read more “24th February 2015 – Finance Bill 2015 – Changes to AMRF/ARF”
There is currently over 92 billion of funds on deposit with banks in Ireland. A large proportion of this money is earning less than 1% interest annually. The life companies recently carried out a survey to see what was preventing depositors from looking for alternative investment opportunities for their funds. There were 2 key barriers …
Read more “9th February 2015 – Why all this money on deposit”
The following are the results of a Survey carried out by Standard Life with regard to the cost of 3rd Level Education Over four out of ten parents worry they’ll have to borrow for children’s 3rd level education Almost a quarter of parents worry 3rd level education won’t be possible A Standard Life survey of 1,000 adult …
Vodafone recently sent correspondence to shareholders with details on the deal with Verizon. Vodafone, following on from their correspondence in December 2013, carried out a return of value to shareholders, partly in cash and partly in Verizon Shares. There was a consolidation of the existing shares for new Vodafone shares at a rate of 6 new …
Education Savings Plans The cost of financing a 4 year course in college is circa €40,000 99% of parents want to send their children to college 50% of parents have savings in place Younger Parents (age 25 -35) are the biggest savers and save on average 192 p/m per child Ireland – Baby Boom (over …