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. …
Are you a business owner and thinking about the future prospect of disposing of your business or transferring it to your children? Even if you do not intend to retire for a number of years, it is important that you are aware of the tax implications and also the tax reliefs that are available on …
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 …
We are pleased to bring you our summary of the tax measures set out in Budget 2018. This is Minister Donohoe’s first budget and his speech concentrated on expenditure measures rather than tax changes. Apart from the well-heralded modest changes to the USC and the tax bands, it will be interesting to see the impact …
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 …
