“Getting rid of debt is a good idea, and the new Permanent TSB bonus scheme puts a sweetener on it,” said Karl Deeter, head of customer advice with the financial advisers, advisors.ie. “If you don’t have a rainy-day fund, this is not for you. If you have debt elsewhere that is at a higher interest rate, it is a bad idea.”
You’ve a 25-year tracker mortgage of €250,000. If switching from your tracker rate of 2.25 per cent to the standard variable mortgage of 4.19 per cent, you would need a €47,000 payoff to break even, according to Karl Deeter, head of customer advice with advisors.ie. You would have to use this €47,000 to reduce the amount you are borrowing — so instead of borrowing €250,000, you borrow €203,000.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages
|
Tagged accountants, advisors, financial advice, financial advisors dublin, karl deeter, louise mcbride, trackers
|
In last weeks instalment we started by asking you to set up two things, firstly was to fill in a ‘standard financial statement’, this is now the foundation of your budget, the second was to start a ‘spending diary’. These two items will form the twin pillars of changing your wealth.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, Investment, News of the World, Precious Metals
|
Tagged best savings choices in ireland, financial planning, how to make a financial plan, how to start savings, investing, standard financial statement
|
Deposit accounts are one of the safest places you can put your money, the issue with them traditionally has been that they tend to under-perform versus alternatives with some risk (like stocks and bonds). But that doesn’t mean you should only ever opt for risk, a steadily increasing plain vanilla deposit account can make a big difference over time, indeed, it lead Albert Einstein to once say that ‘the most powerful force in the universe is compound interest’.
This week we looked at the issue of pensions and the fact that the real storm clouds on the horizon are not the NAMA, IMF/EU bailout or sovereign debt, but rather that of pension provision. The recent changes in the National Pensions Framework have gone some way towards addressing this but at some stage they will need to go farther or we will need a total re-think on pension provision, the final alternative being a total reduction in entitlements or massive contributions for qualification.
Also filed in Accountancy, Advisors.ie In the Press, ARF, News of the World, Pensions, Taxation
|
Tagged amrf, arf, irish pension advisors, pension advice, pension advice dublin, pensions, pensions experts, retirement ireland, retirement planning
|
Monday, February 21, 2011
Do you want a person who can merely do up your books and has the credentials to stand over the final figures? If so then Advisors.ie is perhaps a solution for you.
If you’d rather have a person who can look at your business, do you books, finalize figures and perform an audit where necessary then we are likely the solution for you.
But if you want an accountant in Dublin who can do all of that and also figure out ways to cut your costs, reduce your tax bills and use the best methods for ensuring that you stay in business and don’t pay more tax then necessary, while also being able to advise you personally on your finances and also shop around on your behalf for cheaper solutions for the financial products and services you use then we are definitely the people you are looking for!
Also filed in ACCA, Accountancy, Accountant, Financial Advice, Insurance, Taxation
|
Tagged accountancy dublin, accountant for tax, accountants, city centre accountancy, city centre accountants, dublin accountants, financial advice, financial advisors, retirement advice, sme accountants, tax accountants, tax advice
|
Monday, February 21, 2011
According to Karl Deeter, of Irish Mortgage Brokers, trying to second-guess the market in the long term is “an impossible art” and the time to fix, for many, has already passed. He points out that this time last year Permanent TSB was offering a 10-year fixed rate from 4.6 per cent, compared with 9.1 per cent today. “The horse has already bolted,” Deeter says. “The smart money always goes first and the stupid money goes at the end.” He recalls clients with seven-figure mortgages who left low-cost trackers early last year to sign up for 10-year fixed-rate mortgages to give themselves a degree of security until 2020, but he would not advise people to do that now.
Also filed in Accountancy, Accountant, Advisors.ie In the Press, Financial Advice, Fixed Rates, Mortgages
|
Tagged advisors.ie in the irish times, best fixed rates, conor pope, fix your mortgage, fixed rate mortgage ireland, irish fix mortgage, to fix or not to fix
|
Thursday, February 17, 2011
FIRST-TIME house buyers risk losing up to €26,100 in mortgage interest tax relief if they put off purchasing until next year. Karl Deeter, of Irish Mortgage Brokers, said: “Couples would have to earn an extra €50,000 before tax to make up for the interest relief they’d lose by not buying in 2011. They’re better off buying now, even though houses prices are likely to be lower in 2012.”
You can claim back taxes from for up to 4yrs previous. PAYE tax refunds must be completed by 31st December
Also filed in Accountancy, Financial Advice, Taxation
|
Tagged city financial adivisors, dublin accountants, financial advice dublin, income tax return, PAYE refund, paye tax, tax refund, tax return refund, tax returns, taxes on income
|
