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Hi, I've a Ltd co but am essentially a one man band so the sole employee. My wife recently changed jobs and whereas her old job paid for Private Medical Insurance for her, me and our two children her new role doesn't so I'm tasked with sourcing equivalent cover which currently is Irish Life Be...

Yes, I get the point thanks Brendan. Was just curious about the possibility ref buying foreign property in these particular circumstances. It may not be the smartest or most tax advantageous thing to do but I'm interested to know if the plan would work or not.

Hi Brendan, Had a couple of better than average years and it just accumulated, no one advised me to accumulate it. Personally we want to buy a property in Spain to retire to. There's excess cash in the company which would cover the cost. Hence the thread. If it's a total non starter...

I guess it depends whether the Rev Comm definition of Excess Cash is the same as mine and whether my wife and I can avail of tax free termination payments prior to or as part of the liquidation process. Also, my understanding from 19-06-03 para 3.13 of the Tax and Duty manual (sent to me by an...

I read most of the key post on why it's generally a very bad idea to buy property via your company (and I do understand why and agree) but I'd like to float a slightly unusual set of circumstances and see if they justify an exception to the rule. Circumstances: I own a Ltd company 90:10 with my...

I guess the upshot for UB business (Ltd Co) customers is there really isn't any alternative but to pick between AIB or BoI?

Thanks for clarifying. I wonder why they are excluding themselves from the corporate market?

Thanks RedOnion, I had checked on the CB's database and saw Revolut Bank UAB listed as having a baking license but I guess that could be for purposes? Is the same true for N26 i.e. the account I'd set up with N26 wouldn't have a banking license even though N26 Bank Gmbh has been granted a...

I'm in the exact same position as myate with 2 separate business accounts (2 distinct Ltd Co's) and my personal account with UB. My personal account requirement is fairly straightforward, current account, debit card and a credit card for the odd car rental or emergency, no need for an O/D or...

That's serious advice Snowyb which I'll follow. Much appreciated.

Hi Snowyb, So things have moved on a little and after a short while of doing little and getting bored my wife has accepted an offer to go back to work with a new employer and the healthcare on offer is Irish Life 16.1 which appears to me to be a good step down from the Be Fit 2 plan we're...

Really helpful snowyb, appreciate it very much.

57 views and no replies, is it safe to assume my query is too complex for discussion here or is it possible there are no better options than renewing with Irish Life for €4,054?

Hi all, Not as straightforward a query as some others here so please bear with me. I work for myself and have a Ltd Co. Until recently my wife worked for a big corporate as a normal PAYE employee and they provided family health insurance as part of her remuneration. It was Irish Life's Be...

My (and is seems most peoples) reading of the AML legislation is that a financial services firm is obliged by law to seek identification and verification information from a customer when opening an account." i.e. BEFORE they commence a customer relationship not afterwards. I sought...

Thanks newtothis, I guess if you are correct and the legal requirement is met by Leeds affirming to Pepper then why do Pepper need to repeat/duplicate the exercise and ask their customers to jump through these admin hoops? To be sure to be sure? :) If Peppers AML requirement has been...

I'm most interested in this part also. I've no doubt Leeds were within their contractual rights to assign our mortgage to Pepper but I'm not aware of anything in the anti-money laundering and ant-terrorist financing legislation which excuses them from their AML requirement to identify and...

I'm 100% in compliance with all the obligations I am in control of i.e. repayments, life assurance and insurance cover but who knows what the value of the property is until the property is actually sold? Value changes a little every day and has swung up and down considerably (and by extension...

Thanks PMU, that's very helpful. Given the above and in particular the portion I have highlighted shouldn't Pepper have identified me and verified my ownership of the mortgage before they purchased it from Leeds? The process was ongoing for several months before Leeds informed me they had...

Thanks for the responses guys. I'm inclined to agree that the best thing I can do is continue to adhere to my contractual obligations i.e. make monthly payments by DD, have a life policy in place for the value of the mortgage assigned to the lender I contracted with (which should have been...