Archive for the ‘Money Times’ Category

Credit comes with a price…

Not everything is as it seems, especially when it comes to money and financial products. I was at a movie the other day and one of the pre-film advertisements was about the mortgage offer from Permanent TSB. Up there on the giant screen was a buy-now-pay-later offer of 2% of the value of your new mortgage as [...]

PRSI contributions v private market insurance

You need to be either very determined or very desperate to become self-employed in Ireland today. A couple of weeks ago RTE’s Liveline programme heard some pretty horrific stories from sole traders whose lack of access to the most rudimentary social welfare benefits like unemployment assistance or disability payments has had a devastating effect on their [...]

Debt lifeline as bankruptcy rules ease

Insolvency and bankruptcy are debt solutions that should finally come into their own in 2016, now that the legal process and regulations have finally been revised to reflect the reality of personal indebtedness in Ireland and how it is done in the UK and other economies similar to our own. The most important revision, just introduced, [...]

MONEY TIMES: ‘Thoughts on the bear market’

A ‘hard landing’. Now those are two words to send shivers down the spines of some readers who’ve been through it before and are wondering this week if it is happening again? I hope not. But global stock markets have now officially fallen into a ‘bear’ market, that is, a 20% drop in values since their [...]

Won the lottery or had a windfall?

The Lotto jackpot might have hit €10 million but that’s the kind of money that only appears in our dreams…and even comes with its own set of pitfalls. For most of us lucky enough to enjoy any kind of windfall, the sums involved tend to be a great deal more modest, perhaps €20,000 or €30,000 net [...]

Time to get planning for your retirement

In a recent column, I reminded readers that with approximately half of all private health insurance renewals coming up in the first three months of the New Year, you needed to give yourself enough time to shop and compare prices if you wanted to avoid overpaying for your cover in 2016. Health insurance is now a [...]

Finance Q&A…

Mr TE writes: “A year ago my wife and I sold our house and moved in with my 60 year old widowed mother. We used our own money to create a granny flat for her. She has agreed to sell us the house, worth €400,000 and to accept €250,000. Will we have to pay [...]

The war on cash is heating up

The phasing out of one and two cent coins by a voluntary campaign between retailers and the Central Bank that began on October 28th has probably gone unnoticed by most of you. Coin rounding is part of a wider programme however, to move Ireland closer to a cashless society. And some people suggest it’s a trend [...]

An income boost from UK pensions

Jill Kerby
Are you receiving a UK state old age pension? Did you – like hundreds of thousands of Irish emigrants work in the UK, pay National Insurance contributions (popularly known as “the stamp”)? If you did and are now getting a weekly UK pension, no matter how small or large, you might be interested in an opportunity [...]

Don’t overpay on health insurance

This is the start of the busiest time for private health insurance renewals, for companies renewing their corporate schemes and for individuals. And that means you have a chance to save yourself, your family or your company, hundreds or even thousands of euro over the next year by reviewing and changing your existing policy. Last Wednesday, the [...]