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No it doesn’t! The exemption only applies where the property has not been rented for two years. You have made up the bit about not being RTB registered.

What does “untenanted” mean? The exemption applies where a property has not been rented for a period of two years prior to the commencement of a tenancy.

At the current run rate, it would cost €42k to leave vacant for two years. That’s hardly a viable option.

It looks like your gross rental profit (assuming you have no other deductible expenses) is €2,400. Take income tax, USC and PRSI off that figure and you get to keep €1,152. Take LPT off that figure and I strongly suspect you are making a loss on the rental. Sell!

What’s your mortgage rate? Also, €350pm management fees seems very high - are you sure that’s correct?

Well, you can’t really set up your own occupational scheme but I guess you could try and persuade the Directors that there is better value/service available elsewhere. FWIW, I think your scheme is pretty expensive. As regards the fund where your pension is invested, I think an unhedged global...

The reference to “company contributions” is confusing. If it’s an occupational (company) pension, why do you have a broker?

Well, I was thinking of somewhere like Celbridge, which has good rail links to Dublin and I’m pretty sure you could snag a nice three-bed there for somewhere around the €400k mark. Anyway, best of luck however you decide to proceed.

That’s news to me. Are you saying no DIRT is deducted from interest paid on a demand deposit, where the rate can obviously vary from time to time (much like a MMF)?

That would make euro money market funds look very attractive. Can’t see our banks liking that!

You obviously find yourself in a difficult position but I’m struggling to see a way forward with your outstanding mortgage. Do you have to live in Dublin? If you traded down to a (say) €400k property, you could clear your mortgage and generate some material cash. A modest annual drawdown from...

Inflation (CPI) was 2.9% in the year to March. AIB (amongst others) offer 2-year term deposits @3%. I really don’t see the problem here…

Enjoyed that, Steven.

You are obviously in a very highly remunerated position, many congratulations. However, I’ve no doubt that the role is pressurised so, as an overarching objective, I think you should arrange your affairs on the assumption that you will be retiring at 55. Now, you obviously might keep working...

https://www.askaboutmoney.com/threads/term-deposits-fixed-lump-sum-savings.101813/

As an aside, are you sure €49k per annum is a reasonable estimate for your projected expenses post-retirement? You seem to be spending around €70k per annum at the moment and I doubt any of your kids will be entirely “off the payroll” in seven years.

I personally take the view that it’s prudent to have 10 years of projected expenses in cash on retiring. So, in your shoes, I would: 1. Continue maximising your tax-relieved contributions to both pensions and maintain an allocation of 100% to global equities in both pensions; 2. Diversify...

Small point, but do you understand how the gain on the Gold “ETF” will be taxed? I strongly suspect it’s not really an ETF at all and you will have to make a CGT filing when you sell Gold has certainly had a very good run of late. But historically it has been extremely volatile so I would...

You could (and should) be contributing 30% of your gross salary to your pension for 2023 and going forward, regardless of your employer’s contribution. That limit rises to 35% in the year you turn 55.

Your pension is very low for your age/salary level. IMO you should prioritise maximising your tax-relieved pension contributions for 2023 and going forward. Does your spouse have any scope to make AVCs or to purchase notional service? Do you really need a €1+m house if there’s just two of...