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    Contractor converted to FTE - Redundancy

    Thanks for the replies. Just to clarify, when I say contractor, I was an employee of my own Ltd company, earning a day rate up until I became an FTE doing the same job. I know the company don’t owe me any more than statutory, but I had heard of it being offered elsewhere, which has been...
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    Contractor converted to FTE - Redundancy

    Person has been working the same job for the same company for 8 years, 4 years contracting and 4 years as an employee. If made redundant has the employee any recourse in asking for the 8 years total to be taken into account for redundancy calculation?
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    Tax on bonus

    I received my annual bonus recently and the tax seems high compared to my normal monthly salary. They have taxed the total amount in the bonus @ 40%, whereas my normal monthly salary has a portion @ 20% and the rest & 40% - is this how it should be?
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    Health insurance BIK confusion

    My company pay my health insurance at €2,400 per year for me and my family, I signed up to the policy in March this year. On my May payslip I had a BIK of €349 added, nothing added in June and now In July is see €274. I am in the high tax bracket and was wondering what I should be seeing...
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    Executive pension - can I take my contributions back

    Thanks all, so next question, when I close the company I will move the funds to some type of bond or something? When can i access it, 50?
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    Executive pension - can I take my contributions back

    Nothing like that, just could make better use of the cash if it was back in the company. I also plan on closing the company this year and taking up a permanent role in another company.
  7. S

    Executive pension - can I take my contributions back

    I am a Company Director and have been paying into an Executive Pension Plan for a number of years. Is it possible for me to take back my contributions back into the company from the plan?
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    Director with company car and tax efficiency

    Thanks, I think I need to workout what tax, insurance, fuel, servicing, etc are costing per year and workout how much I would need to earn from the company to cover this. How long does the car stay on the books? When can it be written down?
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    Director with company car and tax efficiency

    Director of my own company with a company car for the past 3 years, is there anything I can do to take it off the books that would make sense to do? Can I sell it to myself, any implications here?
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    Home office and PPRR

    It will be either a Steeltech shed or log cabin so effectively easily removed
  11. S

    Home office and PPRR

    Thats an option alright, the company paying for it and claiming VAT appeals though.
  12. S

    Home office and PPRR

    I’m a company director and work from home, can my company purchase a garden office and claim VAT back on the works? It’s going to be a small garden room at about 3M * 3M and will be used solely as my office. Will it affect Principal Private Residence relief if I sell the house down the line? Is...
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    40 year old with savings needing to upsize or move house

    I have a meeting regarding pensions next week, lets see what comes out of that. Its a tracker that I took with NIB originally at .25% above ECB, so it might actually be .5% im paying. I understand keeping the 300K, but we do need to up-size. Would adjusting the mortgage by 130K be an option?
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    40 year old with savings needing to upsize or move house

    Age: 40 Spouse’s/Partner's age: 39 Annual gross income from employment or profession: 130K Annual gross income of spouse: 30K Type of employment: Self Employed In general are you. b) saving Rough estimate of value of home: 250K Amount outstanding on your mortgage: 95K What interest rate are...
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    Forcing sale oh inherited house

    The will doesn't say that, just that the estate is to be split between the two of them. If they can't agree, is the legal process costly?
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    Forcing sale oh inherited house

    No, house vacant for over a year.
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    Forcing sale oh inherited house

    2 brothers have inherited the old family home, no other siblings. One of the brothers is the executor and doesn't want to sell the house but can't afford to buy the other out. 2nd brother wants to sell and get his half of the inheritance, what options does he have?
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    Advice on purchasing apartment in a managed student block

    Thanks all, re location, the apartment block is in Cork.
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    Ltd Company with over 100K in cash

    Thanks, lets say I put most of it into a pension, if at some stage in the future the business needs the cash, can I take it back from the pension? What penalties would I face then?
  20. S

    Ltd Company with over 100K in cash

    This money is sitting there and not required to run the business, what are the most tax efficient ways to invest this?
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