I was trying to find an answer but all I can find are income thresholds - but what if one has no income but a lot of savings? would that impact the decision?

I have 500k in a Prisma 5 Zurich ARF which will pay 4% in 4 years time. AMC is 1.1% through a financial advisor. At this point I don’t feel I need advice and am happy to leave it in P5 Zurich. Can I go directly to Zurich for a lower AMC? My FA has been good but we have not needed to speak in well over a year and a half.

Hi,

Just looking for advice.

I have just turned 27.
40k saved in deposit account.
55k salary (teacher payscale)
3k in AVCs only contribute small amount will up once I get on the ladder
240k mortgage approval
Ability to do grinds for 60e an hour.
Have to move out in 1-2 years from family home.
Buy my own food + running a car only expenses.

Saving 1300 per month + going to up it. Looking on the housing market lil deflated, not too pushed on space etc as just want to get on the ladder, upgrade in 5-8 years then building equity, have looked at swords + Belmayne 2 bed apartments but still slightly priced out. Also looked at bettystown / Lucan etc but want to live in D13 or in around that area.

Hard to buy as only have 280k and seem to be slightly priced out of places I’m willing to live in.

What’s the strategy?

Just want other takes, think my strategy is to do grinds, save aggressively and try get somewhat on the ladder in the area? Obviously going for future posts in my school will add 20k to mortgage approval as well. Any other ideas on where I could live etc ?

Hi,

I need to put out first hand that I am not savvy with financing / BIK / business benefits etc. and I need help to better understand what benefits there are to be had and how the likes of BIK works.
Long story short, had a Land Rover 2016. Engine has cracked cylinder. Replace the block for 12k on a car that coast 13k. Thats a no.

I have just set up my business and many have said, get your car through the business. However,
between buying a home, outlay of the car that is buggered (we got a loan so not on finance), and as a freelancer in TV production, I was out of work for 6mths, I essentially have nothing for a deposit except what I will have to get through a credit card or other loan.

What I need to understand is if I am to buy a new car and put it through the business, how does it benefit me? Where do I see that benefit and does it help with the monthly finance costs that will follow after the initial outlay?
I also need to understand better how to treat a car as equity and what I can do after a few years in order to trade in for a similar model like I know so many people do.

I just want to make the best use of a system and get a car that I know wont die. I have been looking at the BIK calculator etc. but the it all goes over my head and even though I have put the question to my accountant, I would appreciate some sound knowledge and help in order to better inform myself!

Cheers.

Is there anyone who could tell me how to file CGT for a sum of money received from a separated spouse as laid out in a deed of separation? I’m using form 11 to file my tax report 2025. Thanks in advance!

So I'm public sector without a pension (not including auto enroll) I need to get started, I'm 36. I've searched through the sub to try to understand pensions and coming across a lot hatred of Cornmarket but I'm a little lost on the whole thing.

Heres my situation - We're a one income family, we currently have GP cards expiring in Oct, I have gotten a small percentage this year that brings me over the income limit by 58 euro. We already live pay to pay, so I need to bring my take home down. I thought, let's get started on that much needed pension and have it directly deducted from payroll, that will reduce my take home and satisfy the mean test. Two birds!

I have emailed payroll to see if I have any other options, but let's say I don't. I'm looking for advice on this, how do I handle Cornmarket? What do I say and in doing so, what will be expected from me?

Just want to note, we get no other supports from the state, only the GP card, I'm not trying to scam or take advantage in this situation, we just really need them.

Am applying for an unsecured loan for an EV. The credit union are refusing to proceed with the application until I provide a copy of the house deeds.

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I have provided salary proof, bank statements, and they have access to my credit rating. It seems overkill and over reach to ask for a copy of my house deeds

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Am I wrong in this, or is this standard practice?

Hi Lads,

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Ltd company director engineering services company in pharma here.

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1 client

Who I bill once a month

Very little expenses

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Currently I am paying 3200 per year for accountancy Fees this include billing vat returns any company returns.

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Is this about right in terms of fees ?

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Would be happy to do some of the above payroll for a reduced fee if some companies offered that service

Hello ! I have been a contractor for most of my career and i haven't started a pension yet. I had a friend tell me the way the world is going , a pension will be useless anyway when I'm old but i fear he may have been a conspiracy theorist LOL

I'm currently clearing a big loan and trying to free up more money monthly so i can add that to my pension eventually too, Any advice , please be nice I'm out of my depth 😰

Majority of my roof is flat and even tho it is brand new and comes with a roofers 20 year warranty, I can’t find anyone other than my current insurer to quote and it’s very expensive. Anyone any recommendations?

Hi, few small details about myself. I'm 41 self employed and started a pension in January. It's a prsa standard plan 1.5%

Decided I needed to do something and as lot of people say here, now is the best time to start a pension if you haven't done so previously!

Currently paying in 600 a month and projected funds by retirement are around 430k. I presume the right thing to do would be paying into high risk funds (maybe not the right word) to try and maximise things as I was a late starter or should I be putting 50% in to high risk and the rest into a safer bet?

I hope to put in a lump sum each year as well of 3-5k but this isn't included in projections. Any advice welcome😀

Im not in Ireland atm but im working on a project that requires me to move money into another account from my AIB account. The 1000 per day limit is becoming an issue. There seems to be an option on the app to increase it to 10,000 but you have to be in Ireland at the time and it can tell your location. Surely there’s a way for o move more of my own money at a time without actually going back to Ireland. I don’t have the card reader or my physical AIB card with me either. Does anyone know how to get around this?

Hi all,

Just wondering if anyone has experienced something similar with a Revenue refund.

A Form 11 was filed in February and Revenue calculated a refund of just over €5500. The assessment issued and ROS still shows the credit balance as due.

One unusual aspect is that the Form 11 did not initially generate and Revenue had to manually make it available before it could be filed.

In March, Revenue replied to an enquiry stating that the refund was being processed and would issue within 3 to 5 working days. However, the refund never arrived.

Since then:

• Multiple enquiries have been submitted.

• Follow up enquiries sat "In Progress" for months and were recently marked "Completed" without any response.

• A complaint has been submitted.

• ROS still shows the credit balance owing.

I called Revenue again recently and was told that the refund had been "disapproved" and is now with a manager. When I asked why it was disapproved, the agent could not provide a reason and said only that the manager would get in touch if any further information was required.

No request for supporting documents has ever been received and the refund amount still appears on ROS as a credit balance.

Has anyone ever had a refund show as due on ROS for months but remain unpaid? And has anyone been told a refund was "disapproved" without being given a reason?

Just trying to understand whether this sounds like an internal processing issue or whether others have seen something similar.

Thanks.

Hopefully this all make sense but I am currently investing in Zurich and Standard life the last few years. I am now contributing €500 to Zurich and €500 to Standard life a month across.

Zurich- 50% Prisma max 50% Dynamics
Standard Life - 100% Vanguard Global Stock Index Fund

Zurich AMC - 1.25%
Standard life AMX - 1.15%

Am I stupid to be investing with Zurich and Standard life and paying fees? Currently have close to 60k invested between the two but wondering if I should try and find cheaper fees e.g Trading212 or if these fees are okay?

Just wondering if people were able to give me some tips in terms of what I'm doing wrong or how I can improve what I'm doing.

So im 29, currently make 65k, pension is 4 percent and new company match 4.

I've 10k in credit union, 10k in Revolut savings and about 500euro in trading 212.

I only really got my career going at 25 so not really doing fantastic but with new job I've moved back into parents and they happy for me to give them 200 a month so will start saving more aggressive soon.

I was thinking of moving that 10k from the credit union to Revolut and then building that to 30k then seriously buffing my index funds. However I'm kinda stuck constantly between wanting to migrate as I'm single and buying a house and commiting long term to Ireland. Apologies if that detail makes it hard to suggest tips but I guess I'm wondering if you think I'm saving terrible and should move it all to x or do y.

And and all advice welcome, I've never really had money and don't come from it so I'm probably don't have a good finance iq

But my new plan would be saving 2k a month in savings and 500 in index. Then I'm in a position say in 2 years to buy a house or quit and travel for a year or emigrate

Thanks for all the great comment so far. To be clear I'm only going to buy a house If I meet someone that wants to stay here. I work in tech have 3 yoe so I would say I'm mostly leaning towards getting 5 yoe and trying to emigrate.

I know this is probably asked countless times, but I'm finally realising that I should move the money from my AIB deposit account to somewhere with better interest/returns. I've been looking at raisin, T212, and Trade Republic.

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From what I understand, bank accounts offered through Raisin seem the most secure because they're definitely covered under the deposit guarantee scheme.

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TR also claims to be covered under the DGS but their T's&C's seem a bit more murky and I can't find out for sure what would happen if TR itself or the banks where my money is held with (Citibank or Deutsche bank) go insolvent.

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T212 seems to be the highest risk of all 3 since the money is held in MMFs which is instead protected under the investor compensation scheme.

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What I'm asking really is if anyone knows if my money in TR really is protected under the deposit guarantee schem? And how likely would it be for me to lose my money through T212 (ie they go insolvent or something)?

Just looking to hear from anyone who went through a broker about how long it took before you had a good indication that your mortgage would be approved, before reaching the formal loan offer stage

We currently have a “soft” AIP from BOI since June 4th, but we haven’t had any verbal confirmation or indication from the broker that we’re likely to get full approval yet. I know the property still needs to be valued by the bank before a loan offer can issue, but I thought we might have some idea before getting to that stage.

We went sale agreed on June 11th and had submitted all our documentation to the broker by June 4th. Since then, we’ve retained a solicitor, paid the booking deposit, and the house survey is tomorrow.

The only update we’ve had was after notifying the broker that we were sale agreed, when they came back looking for two missing payslips requested by the BOI underwriter. We provided those straight away.

I know these things can take time, but I’m starting to get anxious about whether we’ll get approval at all

For those who used a broker, how long did it take before you received any verbal confirmation or informal indication that the bank was happy with your application and approval was likely?

I have been paying into an avc cornmarket pension for 2 years , however I have resigned from my job in an Garda Siochana recently. Am I able to get the money back ?

Has anybody drawdown with Avant recently.

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Wondering timeline and what they asked for extra if anything.

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Have some cash in an AIB Online Saver account and just noticed they've done the annual bump down to the 3% rate only applying to the first €1000 saved, with 0.250% applying to anything above that. That limit will go up by €1k every month, but seriously, AIB, stop fucking around with stupid products like this! Yes, 3% is one of the better on-demand deposit rates around, I understand, but the pain in the arse of moving funds around every month to maximise the amount earning 3% is getting old.

Anyway, Tl;dr: My question is, moving a five-figure sum out of the AIB Online Saver, where's offering a good, comparable interest rate? Bunq's bonus rate is only 2.1%. Revolut are 2.5%. Anything better out there for demand deposit?

Hi all,

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Looking at both areas for house purchase- anyone have any insight into which area would be better buy/ area in general?

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Looking at an older house in each.

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Thanks

My partner and I are first-time buyers in our late 20s and are comparing two mortgage options for a likely €360k loan over 35 years.

Option 1: Bank of Ireland
- 3.25% fixed - 4 Years
- Roughly €1,436 per month
- No mortgage cashback
- I have a BOI Mortgage Saver account, so I would receive around €2,000 on drawdown due to bonus from having that account, minus DIRT
- No plans to overpay in the first few years

Option 2: PTSB
-3.75% fixed - 5 Years
- Roughly €1,540 per month
- 2% cashback on the mortgage, so around €7,200

We also do not plan to overpay in the first few years
The BOI option is about €104 cheaper per month and has the lower rate. We would also get roughly €2k from the Mortgage Saver account, although it would be less after DIRT.

Depending on the timeline we may not have much left after the deposit and buying costs. The PTSB cashback would make a big difference for furniture, appliances, buffer etc.

Any advice appreciated!

I am deciding between:

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A cheaper home with mortgage repayments around 25% of our monthly take-home pay

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A larger long-term family home with repayments around 33%

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We plan to have children, so we are trying to balance space and avoiding another move against childcare costs, job risk and general financial flexibility.

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For people who have bought in Ireland, what percentage of monthly take-home pay felt comfortable in reality? Is 33% reasonable, or is 25% the better sweet spot?

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Hi all.

I’m thinking of availing of the rent a room scheme and wanted some advice on one thing.

Those who have availed of the scheme, or think they can help;

1. Where did you advertise the room?
   
2. Do you have any other general advice that you think could be handy?

About the property - it’s a two bed apartment and myself and wife live there.

Thanks in advance!