Taxation

ETF Tax In Ireland Might Be Changing

In February 2023, a headline appeared in the Irish Independent which read as follows:  “crippling 41% exit tax on funds to be reviewed, says Michael McGrath”.  At the time, Michael McGrath was Ireland’s Minister for Finance and he, following on from an initial announcement made by Paschal Donohoe the [...]

2024-11-21T13:21:53+00:00November 21, 2024|Taxation|

Estate Planning in Ireland

Article disclaimer: Inheritance tax has been confirmed by Minister for Finance Jack Chambers to be subject to change as part of Budget 2025. As such, the details contained within this article will likely change post-October 1st 2024. Stay tuned for updates. We’re all aware of [...]

2024-09-12T16:34:17+00:00September 12, 2024|Taxation|

“Fixing” Ireland’s Taxation of Investments

In 2022, the Commission on Taxation and Welfare published a report entitled “Foundations of the Future”.  That report analysed many aspects of Ireland’s taxation system and made recommendations to the Government based on the Commission’s objective to “examine the suitability and sustainability of the taxation and welfare systems in [...]

2024-09-12T16:09:39+00:00September 2, 2024|Taxation|

Bare Trust: Everything you Need to Know

Many parents are concerned about the pension landscape that will exist when their children come to retire. In the future, their children may not be able to rely on generous State provision or tax incentives that exist today. At present, it is not possible in Ireland to establish a [...]

2024-08-26T08:22:12+00:00August 7, 2024|Taxation|

How To Pay Less Tax (As An Employee) In Ireland

If there’s one thing that Irish workers would like to be paying less of, it’s tax. In 2024, a single worker will enter the higher income tax bracket of 40% as soon as he/she starts earning in excess of €42,000. Ireland arguably has one of the most progressive income [...]

2024-07-30T13:27:16+00:00July 30, 2024|Taxation|

Tax On Investments & Savings Ireland

Benjamin Franklin once said that “in this world nothing can be said to be certain, except death and taxes”. Indeed, Irish tax residents are all too familiar with the Exchequer taking a sizable share from their hard-earned income and gains.  The most common form of taxation that the average [...]

2024-05-30T12:48:18+00:00May 30, 2024|Pension Investment, Taxation|

Taxation of Pensions in Ireland

In this article, we’ll be taking a holistic view of the taxation of pensions in Ireland. We’ll look at pension taxation through the lens of an individual who begins their pension journey at the point of entry into the workforce right up until the day the individual retires and [...]

2024-05-24T13:34:25+00:00May 6, 2024|Taxation|

Tax Planning for Business Owners

In this article, we’re going to be talking about tax planning for business owners. Specifically, 7 methods of extracting cash from a company that business owners can adopt and a discussion about the tax efficiency of each method. As a reminder, an Irish company is a separate legal entity [...]

2024-05-10T14:05:29+00:00May 1, 2024|Taxation|

What happens to my pension when I die

Saving for a pension is an expense that factors steadily throughout working life. However, conversation is sparse around what will happen to that chunk of money once you are no longer here to spend it. Understanding the ins and outs of pensions is incredibly important as it will end [...]

2024-09-05T08:27:45+00:00January 18, 2023|Pension, Taxation|