Tax Liability on a Pensioner’s 75th Birthday

The normal retirement age for the majority of pension schemes is 60 years of age. In more recent years, people are continuing to work well into their 70’s and 80’s. Where this is the case, there is not always an immediate requirement to draw down pension funds as they have sufficient income from other sources. […]

Rent a Room Relief

If you let a room in your home, the income you receive may be exempt from tax. If your gross rental income does not exceed the exemption limit below, you do not pay Income Tax, Pay Related Social Insurance (PRSI) or Universal Social Charge (USC) on the rent you receive. If it does exceed the […]

Few surprises in a Budget

That paves the way for Ireland’s future Paschal Donohoe has presented a measured Budget with a clear eye on balancing the books and paving the way for Ireland’s future. With the economy continuing to perform well, the clear goal of the 2018 Budget was to maintain a positive outlook while creating a roadmap for the […]