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Under the salary payment option would the monthly payment be taxable as normal income, or is it treated as tax-free inheritance from Spouse?

For a couple, you need to have 2,100 left over per month after your mortgage payment (Stress tested). Add €250 for each child, so €2,600 in your case. You say Net Income is 3,000. That leaves only €400 for stressed mortgage repayments. Only enough for a Mortgage of around €100k or so, given...

Thanks. The PRSA charges are 5% of contributions. Since the employer is contributing 10% on top of my contributions, I guess effectively, I'm getting a 5% topup on whatever I put in. Regarding life cover, I have read about some policies that pay out a "salary" on death rather than a lump sum...

Thanks, we are currently kind of at stage 4, building up a 3 month emergency fund. (Still have the PCP debt, but it's 0% and i'm not even sure we can make overpayments on it? The monthly budget is already happening and I update it every day. I spend a little too much time looking at the...

Income/Expenditure Summary Income 5480 Bills 1250 Car Costs 550 Day-to-day 1870 Surplus 1810 (before any pension/savings) Income My income - 3950 Spouse income - 1250 Child benefit - 280 Total approx 5,480 Regular Bills Bins 26 Broadband 55 Professional fees 50 Eir and Sky 50 Energy 200...

Age: 33 Spouse’s age: 33 My Income: 64,000 Spouse's income: 18,000 Take-home pay: Approx €5k between us Type of employment – Both private sector, spouse is part-time and doesn’t work summers. Spending or Saving? We are saving, having been just breaking even for years. Our current...

I have been keeping an excel-based diary of spending for the last 3 or 4 years. It has certainly been successful in helping us see where our money is going, but it hasn't been a great success in terms of helping us to control spending, changing habits and building wealth (now, in fairness, the...

Thank you for the very detailed reply, it is much appreciated.

Hi, Have never had health insurance, but thinking about it now as we get older and now have a family. Myself and my wife are both 32. We have a daughter who is 2 and another baby on the way. Looking for any recommendations for good value plans that would suit us. Daughter is (privately, we...

OP, my situation might be relevant to your own somewhat. I earn 42,750, my OH has only started a new job so her income didn't count towards the application. We had a gift of €80,000 and no savings. We had monthly rent payments of €730 per week to show repayment ability. We were approved...

No, they gifted the money purely to her, not to me. She puts up the deposit of €100,000. We get a joint mortgage for another €100,000 for arguments sake We jointly own the house. Has she therefore gifted something to me (or have her parents in effect gifted something to me because...

My fiance and I have received a generous gift of €100,000 from her parents towards a deposit on our first home. Because we are not married, I'm wondering if €50,000 of that is deemed to be a gift from her parents to me (Category C) which would be over my allowed threshold and therefore...

Hi, Myself and my girlfriend are looking to clear some debt and really get a handle on our finances in 2013. Overspenders, I'm afraid. My situation: Bank with AIB: Overdraft - €1,000 Loan balance - €3,500 CC Balance - €1,500 Total Debt - €6,000 Girlfriend's situation: Banks with Ulster Bank...