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  1. 2

    How to calculate inheritance tax due?

    Thanks - the property is in the UK, did not incur any inheritance tax on the estate so my interpretation is that she must pay in full here. Thanks for the help!
  2. 2

    How to calculate inheritance tax due?

    My mother is the only one resident in Ireland for tax purposes. Does it make a difference? There was no tax paid on the estate in the other country. The will said half to each, so I guess that confirms method #1!
  3. 2

    How to calculate inheritance tax due?

    Hi folks, Bit of a weird one here. My grandmother passed away and left her house to my mother and her sister. They came to an agreement that she would buy her sister out for a valuation over the probate valuation (the probate value was already inflated, she just took advantage but that's...
  4. 2

    Broker says, don’t buy one property, aim for two!

    Terrible advice. Can I ask why you're using a broker? I don't know your personal situation but your financial situation appears to be incredibly strong, I would suggest going straight to the banks that offer the best terms. You look like you're looking to borrow less than 1x annual gross...
  5. 2

    Moving to UK - Tax implications?

    Hi all, Our family is planning to move to England next February/March and have a few questions that I'm hoping might get some guidance. My partner and I will (hopefully) be transferring with our current employers to their UK branches (both private sector). The move is mainly motivated for a...
  6. 2

    Stay in my DB Scheme or take the Transfer Value and invest??

    In my opinion and from my experience working with a few cases, it really depends on what your situation. However, you're 15 years away from retirement so without the headline figures, it would not be prudent to move away from DB unless you have a life limiting health condition.
  7. 2

    General advice needed re strategy to manage ARF/stocks/cash +costs

    Thanks. Total pot include PPR is around €3m. Additional income I didn't mention is state pension and small define benefits pension.
  8. 2

    General advice needed re strategy to manage ARF/stocks/cash +costs

    Hi all, My dad passed away recently and we are now at the stage that we need to consider how to manage finances moving forward. He had always managed the family finances and luckily they are in a good state, securing their retirement through the combined approach of an ARF, equities and a...
  9. 2

    Where to channel monthly surplus?

    Thank you all for your replies! Definitely considering clearing the mortgage completely but want to have a little more in the rainy day fund first! Current home could be our forever home but we understand that a lot can change. We feel no compulsion to change any time soon but would consider if...
  10. 2

    Where to channel monthly surplus?

    Age: 35 Spouse’s/Partner's age: 35 Annual gross income from employment or profession: 105,000 Annual gross income of spouse: 70,000 Monthly take-home pay: Approx 7,500 Type of employment: Both Private In general are you: (a) spending more than you earn, or (b) saving? Saving Rough estimate...
  11. 2

    Makeover advice following redundancy

    Considering your spouse's low income, I'd be tempted to look at a decent yield investment property (resi or commercial). In this option, I wouldn't pay off mortgage. Another consideration may be to consider investing the money in your business or using it as collateral against a business loan...
  12. 2

    Do I split mortgage 50/50?

    Not a mortgage but when we were in a similar situation regarding renting, we decided 60/40 was the fairest split for rent and all bills were split 3 ways
  13. 2

    Property investment question

    There are a lot of variables here. Assuming they sell their family home (PPR), which has always been their PPR then they will pay no tax on sale of this property. Pretty much all income in Ireland is taxable, how much tax you pay depends on circumstances. Indicatively, for over 70...
  14. 2

    38 and don't know what to do

    Hi there, Absolutely your rent will count towards your affordability, however banks also consider financial performance over the previous 6 months (savings & rent). You are in a situation where your savings history is based on your husband having an income also therefore bank are likely to make...
  15. 2

    38 and don't know what to do

    A few questions: - Can you provide details of mortgage (balance & term remaining, monthly payment & interest rate). - Current rent receipt for property - Confirm total household savings is €1280/month? - Likely cost of house in the area that would be suitable Just a comment before seeing above...
  16. 2

    Haven cuts its rates for all borrowers, but EBS yet to cut theirs.

    That is encouraging. Currently have a loan offer with PTSB for their 2% cashback as I bank with them but would be tempted away from them if EBS can match AIB/Haven rates.
  17. 2

    Advice for a first second-hand car

    I'd suggest plowing your money into lessons and try and pass your test as quickly as possible. Honda Jazz & Toyota Yaris are great first cars and should easily be picked up for €5k. At that budget, I would be less inclined to buy from a dealer (unless a main dealer) as it will offer you no...
  18. 2

    44 - advice on pension, saving and money makeover - complex situation!!

    I'm not an expert but from the research I did, you shouldn't need to change their tenancy. "Self-contained units If you rent out a self-contained unit in your home, such as a converted garage attached to your home or a basement flat, the rights and obligations under residential tenancies...
  19. 2

    44 - advice on pension, saving and money makeover - complex situation!!

    From my calculations, your total mortgage payments are around €910/month. My advice would be to work on paying off the €20k @ 3.7%, it's not a huge amount of money and paying it off at €500 extra per month would save you €5.5k in interest. Your tracker is pretty cheap so I wouldn't be hugely...
  20. 2

    Free to air/ saorview

    I did this a few years ago after I bought a Sony TV with built-in satellite and saorview tuners and have no regrets. Virgin Media broadband + netflix are the only monthly views and freesat & saorview give us plenty of option.
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