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Hi gnf, I hate to disagree with you but prices in Dublin are up 40% since we bought AND we put €350,000 into the property AND we feel that we got decent bang for our buck irrespective of the problem with the builder. €1,350,000 x 140% is €1,890,000, so I'm not wildly off. I also built a one...

Hello gnf ireland, We bought the house circa 3 years ago and it wasn't in great shape. We've transformed it, & modernised it completely in terms of BER, solar, etc. It stands us €1.35m and two estate agents have advised €1.75m and €1.9m. By the way, the €80,000 came through and two expensive...

But if I give it up, I’ll never get sonething like it again. Just playing Devils Advocate.

Yes, it includes childrens allowance and I use my bonus to pay annual stuff like insurance etc (€4k does it). I pay the property tax monthly through payroll so I don’t notice that. Actually, I’ve some other income too, maybe €10,000 a year, which gives me €5,000 which I use towards the family...

I suppose just to push back on that, I saved €350,000 plus the €80,000 that I’m getting back from that ill-judged investment. And we were defrauded out of €100,000 by a dishonest builder which created mayhem as it left us in the lurch and unable to move into our property. The other mortgage was...

I’ve looked at this. Excluding bonuses etc, €11,500 comes in. The following goes out: Mortgage €2,950 Mortgage €1,200 Tax re investment property €500 Groceries €600 Creches €1,600 Loans €2,130 Golf €178 Gym €165 Petrol €100 TV etc €200 Gas €140 ESB €130 Charities €150 AA €20 Tolls/Parking €40...

The life insurance side of things is covered completely. All of those bank/credit union loans have 8 years remaining; 7.5% on the bank ones and 8.5% on the credit union ones. Selling our home doesn’t really make sense to us having put so much time, effort, and money into it. I should point...

Employment is very secure (more than 12 years in the same place). Not impacted by Brexit and get headhunted reasonably regularly.

Thank you. Those Credit Union loans are all net of savings. All of the bank/Credit Union loans have 8 years to run and average at 8%. I told them that the purpose was home improvements. There is 30 years to run on the mortgage. The repayment is around €2,950 a month. My wife is fulltime...

Sorry, I meant in around 3 years when we’ve the personal debt cleared and around €60,000 in an emergency savings fund. I would start overpaying the mortgage then with the aim of shortening the term by 10 years - I have looked at calculators on this. But I like the idea of having my pension fund...

There would be no CGT. Our conundrum is whether to trade out of our cashflow issues or to solve them by selling the property. My worry is that a few years from now, we’ll be crying out for an investment like that property.

Thank you. The rates on the loans are all between 7.5% and 8.5% (except the €100,000 one which is zero). The terms are all 8-10 years It is a family loan I have no fear of death, sorry it was a throwaway remark.

Hello, I need some advice and would be grateful for help. My circumstances are: - I'm 40 and my wife is 38 - We have three kids under 10 - She's on €70,000 a year in the public sector - She will get a DB pension - My basic salary is €140,000 and I typically get a bonus of €50,000...I also get...

Danske weren't bailed out by the Irish State. You signed a mortgage agreement which (I'm sure) contained something about your consent regarding possible rate increases. They've lost their shirt on their investment in Ireland plus they've a decent sized mortgage book paying ECB plus 0.5%. My...

I know people that have done this (nurses in the Cornmarket / Irish Life AVC Scheme). The Finance Bill was enacted ages ago (late March I think).

NIB / Danske probably have the cheapest and most expensive mortgages now...the "LTV Mortage" (can be ECB + 0.5%) and these standard variable products.

+1 It's a business expense...end of.

I have zero interest in engaging in a long drawn out argument with you. The simple fact is that your conclusion is flawed ("if you earn more, you'll pay more tax...Conclusion, bad idea"). Now you're looking to have an argument about it. No thanks.

Personally, I wanted to cover what happens to any assets if (God forbid) my wife and I died before the kids were (say) 25. We picked 25 as the age we'd be happy for our kids to inherit assets. Prior to that, we've nominated two people to dish out funds / assets as required and as per our...

Fair point, but I got it in writing that there were no waiting periods for the relevant plan. My understanding is that it's a pretty common concessions made for members of corporate plans.