My son and daughter-in-law received cheques from KBC. The problem is they have moved to Switzerland and no longer have any bank accounts in Ireland. The cheques are marked "account payee only".
Revolut do not accept cheques and UBS, their bank in Switzerland, will charge 65CHF to lodge each...
anyone know if it's possible to open a joint account for a Younited via Raisin Term Deposit?
also, am I correct in understanding that the 5 yr Term Deposit at 3.5% is compounded annually resulting in a €50k deposit ending up at €59,384, before DIRT?
Thanks in advance
You are right, I do need more details.
Maybe my maths are screwy?
50000 invested, 3% annual return = 1500, minus 150 (0.3% admin fee,) = 1350, minus 270 (20% tax) = 1080 annual return which is 2.16% of 50k
Don't know usc or prsi would also apply
If Morgan Stanley were to default it looks like I would be dependong on the German Deposit Guarantee Scheme to get funds back. That would be up to €100k if this is considered a deposit, or €20k if considered investment business. possible further risk.
It seems there is also a 0.3% admin fee, so for a 20% taxpayer like me I calculate a nett return of 2.16% p.a.
So just over twice the return on State Savings.
Broker Solutions are currently offering a Fixed Income Bond with 100% capital guarantee, 3% p.a. for 3 years, gross, subject to income tax, 20% in my case.
I have funds in 5 year State Savings Certs giving 1% p.a. nett.
It looks to be a no-brainer to cash in the Certs now, which have various...
My experience in the past is that the form becomes available to download around the end of March each year, probably no rush to make it available since it does not have to be filed until the end of October.
I had forgotten about this post. What worked seamlessly for me in the end was ....
20/9/2017: requested a Tax Registration Number for CGT for the Estate under Administration of the late Mrs X.
9/10/2017: received Tax Registration Number as requested.
15/5/2018: house disposed of.
2/7/2018...
Hello,
does anyone know if entering DIRT information in the "Irish Deposit Interest" section of 2019 Form 11 will automatically give a refund of DIRT deducted at source?
My spouse was 65 in 2019, our 2019 joint income is less that €36,000, I got DE1 declaration forms into most banks in 2019...
Is there an actuarial benefit in taking early retirement in a Defined Benefit scheme? Consider someone who could retire at 65 with a pension of €16,000 p.a., if that person retired at 62 they would get a pension of €14,000 p.a..
So for the three years before age 65 they would receive €14k x 3 =...
I sent a letter to my local tax office, I considered this was wiser than calling in, considering the limited hours they are open to the public, and I reckoned a letter had a better chance of finding a person in the know, than I would at the counter.
I explained I was executor administering the...
yes indeed, you are absolutely correct. I'll call into them tomorrow.
"For disposals made between 1 January and 30 November (the initial period) you must pay CGT by 15 December of the same year.
For disposals made between 1 December and 31 December (the later period) you must pay CGT by 31...
Thanks Brendan. Knowing that should ease the process greatly for me. Contracts of Sale have not been signed yet, so it could be a month or more before I get to contact Revenue.
The asset being disposed of is still in the estate under administration, the proceeds will be distributed to the beneficiaries after the estate has paid the CGT, that's why Form 1 seems more applicable. than CG1, and should keep the matter seperate from my own tax affairs.
I am already a ROS...