Q&A: Will I pay tax on the income I’m receiving for housing Ukrainian refugees?

By |2023-01-13T10:00:19+00:00January 13th, 2023|News, Personal Finance|

"I rent out a small self-contained flat under the rent-a-room scheme. Since last July, I have accommodated two Ukrainian refugees in my house for which I receive €400 a month, increasing to €800 a month from this month. This will bring me over the limit of €14,000 for the year. The Government says the income

Banks to be told to maintain cash services under proposed law

By |2022-12-02T11:08:22+00:00December 2nd, 2022|Banking, News|

Banks will be required to keep access to cash services at 2022 levels under a new legislative framework recommended in the Retail Banking Review. It is understood finance minister Paschal Donohoe has accepted the recommendation and that work on the framework will begin next year, with heads of heads of a bill to be delivered

High Court told that investors in Custom House Capital funds will have €29m returned

By |2022-11-18T14:04:53+00:00November 18th, 2022|Investments, News|

Almost €29m in assets misappropriated from clients of collapsed investment firm Custom House Capital will be returned to them soon, according to lawyers for the official liquidator. The distribution will bring to €41m the amount in recovered misappropriated funds given back to clients since the firm went bust in 2011 with total investor losses of

Fair Deal nursing home residents to keep more rent from family home

By |2022-11-11T10:33:32+00:00November 11th, 2022|Lifestyle Financial Planning, News, Retirement Planning|

Nursing-home residents in the Fair Deal scheme will from today be able to hold on to more of rental income raised from their family home, which could lead to around 1,200 extra houses on the market over time. Up to now, people availing of the Fair Deal scheme could retain just 20pc of money generated

Huge interest in Government’s shared equity mortgage scheme

By |2022-10-21T13:35:23+00:00October 21st, 2022|News|

STRONG interest has been registered in the new scheme that sees the State taking equity in homes. It is for those whose income is too low to get them a big enough mortgage to purchase their first home. Some 508 buyers have been approved for the shared equity First Home scheme since in it was

Customers in line for potential boost from Royal London.

By |2022-10-14T08:51:12+00:00October 14th, 2022|News|

Policyholders with a leading insurance company are in line for a financial boost worth almost a thousand euro. Some 93,000 people who have old Royal Liver, Caledonian Life and some Irish Life policies are set to get an average top-up to their policies of €900, if the plan is approved. They will get access to

Inflation hits 10% in the euro area but pace in Ireland moderates

By |2022-09-30T11:46:50+00:00September 30th, 2022|Investments, News|

Inflation across the euro zone hit 10pc for the first time in September in a development likely to build pressure on the European Central Bank to hike interest rates further, In Ireland the pace of price increases softened, the latest estimates from the the European Union’s statistics agency, Eurostate, show.  In September Irish consumer prices

Are you due a refund? Nearly 500,000 workers paid €600 too much to the taxman

By |2022-08-30T14:39:32+00:00July 29th, 2022|News|

Households have been urged to check the income tax they are paying after it emerged that hundreds of thousands of people are overpaying on their PAYE income every year. The call comes after it emerged that close to half a million people overpaid a total of €300m in income tax last year alone. Over the

Tens of thousands to get health insurance refund worth €240

By |2022-08-30T14:36:27+00:00June 22nd, 2022|News|

Thousands of Laya Healthcare members are in line for a second refund. The move by the Cork-based health insurer will benefit a typical family to the tune of €240. Laya is the second-biggest health insurer in the market with around 600,000 members. It comes after VHI and Irish Life both gave refunds this year. Fewer people are claiming from

Tablets and Smart TVs gifted to loyal staff as firms struggle to hold on to talent

By |2022-06-07T11:19:03+00:00June 7th, 2022|News|

As staff shortages are felt across all sectors of the economy, Ireland’s biggest firms have been treating workers to a whole new level of corporate gifting in an attempt to hold on to talent. From luxury luggage, laptops, tablets and jewellery, to Smart TVs, popcorn makers and juicers, no expense is being spared as employers

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