This week we talked about the information that banks have and how they use it to sell you product. We stress getting independent advice and not buying directly from banks, or at least shopping around before doing so.
We often hear that people in the public sector are overpaid. Typically the argument then turns towards the ‘fat cats’ and then quickly deteriorates into a ‘them’ vs ‘us’ debate, and depending on your employment type you take a certain side.
Advisors.ie provide B1, CRO reporting, Payroll, P35’s, P30’s, RCT, C45, CT1, Audits, year end accounts, form 11 tax returns and other accountancy and book-keeping or payroll services in Dublin 2.
Filed in ACCA, Accountancy, Accountant, C45, Capital Gains Tax, Deposit Interest Retention Tax, Income Tax, Property tax, Section 23, tax relief at source, Taxation, Wealth
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Also tagged acca, audits, b1, c45, company formation, cro, dublin accountants, form 11, irish accountancy, p30, p35, rct, tax return
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We were pleased to be featured in a piece by RTE 6 News about personal insolvency
Monday, September 19, 2011
Our sister company Irish Mortgage Brokers was mentioned in the Guardian online about ‘negative equity insurance’. Our comment on the piece is below:
“The vendor has to fund this out of their own cashflow,” says Karl Deeter of Irish Mortgage Brokers. So it will only suit those that have a very small mortgage – mainly older people and those that bought long before the peak – because those are the only ones who will make a profit on their property sale. Deeter is sceptical the insurance is the way to kick-start the moribund Irish market. “It’s part of the general medical box but it’s not the cure,” he says. Deeter is of the view that the government needs to bring in a personal insolvency laws urgently, like Chapter 13 in the US AKA, “wage earners bankruptcy”.
Filed in Accountancy, Advisors.ie In the Press, Banking, Insurance, Property
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Also tagged advisors.ie, financial advice, ifg, karl deeter, lisa o'carroll, mortgages, negatiive equity insurance, negative equity, property
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Director of client advice firm, advisors.ie, Karl Deeter, said that ‘personal retirement savings accounts’ or PRSAs were created in an attempt to get more people to save for their retirement. He said they were billed as a universal solution with fixed fees and low costs, along with flexibility.
Filed in ACCA, Accountancy, Accountant, Advisors.ie In the Press, Investment, Pensions, Savings, Taxation
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Also tagged benefit in kind on PRSA, bik, how to save, pension advice, pension planning, personal retirement savings account, prsa, savings advice, where to save
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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.
Filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, Savings
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Also tagged advisors, financial advice, financial advisors dublin, karl deeter, louise mcbride, trackers
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THE Government is to delay the implementation of an election promise to give up to €166 extra a month to those who bought houses during the boom. The move to help the “negative equity generation” will not now be in place until the end of the year at the earliest, the Irish Independent has learned.
Wednesday’s Today with Pat Kenny (RTÉ Radio 1, weekdays) provided a more less heartening illustration of contemporary mores. The economist Jim Power and the mortgage broker Karl Deeter were in the studio to discuss AIB’s tentative debt-forgiveness proposals for distressed mortgage holders.
Filed in Accountancy, Advisors.ie In the Press, Banking, Debt, Economics, Financial Advice, Mortgages
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Also tagged acca, debt forgiveness, dublin accountancy, financial, irish mortgages, jim power, karl deeter, pat kenny, pat kenny show, provision for bad debt
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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’.
