Financial Freedom and Tax Efficiency in Ireland

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  • Опубліковано 23 гру 2024

КОМЕНТАРІ • 19

  • @williet3978
    @williet3978 Місяць тому

    Finally, someone talking sensibly and coherently, well-done lads.

  • @jeromesheerin1982
    @jeromesheerin1982 Місяць тому +3

    again thanks for your effort and time to get another video up on youtube. Its time and effort. thank you.

    • @AskAboutWealth
      @AskAboutWealth  5 днів тому

      @@jeromesheerin1982 thanks for the support Jerome.

  • @Givemeabreak12
    @Givemeabreak12 Місяць тому

    Great work. Thanks for a very informative conversation 👌🏻

  • @ianjackson88
    @ianjackson88 8 днів тому

    Excellent video guys, great to see something that is relevant to Irish tax payers. Interesting last point about emotions wrt to paying off mortgage.

    • @AskAboutWealth
      @AskAboutWealth  5 днів тому

      @@ianjackson88 thanks for the positive feedback Ian.

  • @bartz4439
    @bartz4439 Місяць тому +4

    Why put hand on capital gains? Why it works only ONE WAY?
    If I loose all, will I get 33% back? No? How fair then that is?

  • @robcaseyire
    @robcaseyire 11 годин тому

    Why do you say youd end up losing 50% of a pension in taxes? Isnt the first 200k tax free, then 20% income tax after that? Assuming you dont draw down over €44k per year. What am i missing?

  • @youtybebw
    @youtybebw Місяць тому +2

    Excellent synopsis of some of most relevant welth planning topics for the Irish tax payers

  • @Grayward
    @Grayward Місяць тому

    Achieving financial freedom in Ireland often comes down to how well we can optimize our income and investments to minimize tax liability. With the right tax efficient strategies, like utilizing retirement accounts or investing in tax-exempt funds, you can build wealth faster while keeping more of what you earn.

    • @CollinsPowell-b5k
      @CollinsPowell-b5k Місяць тому

      Exactly For instance, the tax relief available through pension contributions in Ireland can be a powerful tool. Contributions to a personal retirement savings account (PRSA) or an occupational pension scheme are tax deductible up to certain limits, which lowers your taxable income now while preparing for the future.

    • @AhmedHamad-p1p
      @AhmedHamad-p1p Місяць тому

      I agree, but it’s also essential to understand the Irish Capital Gains Tax (CGT). If you’re selling assets like property or shares, you’re subject to CGT at 33%. However, taking advantage of the annual CGT exemption of €1,270 can help to reduce your overall tax burden. Planning sales around this allowance can really add up over time.

  • @brianaherne400
    @brianaherne400 Місяць тому

    Best financial advice I ever got was read "The creature from Jekyll Island" by G Edward Griffin.

  • @donfalcon1495
    @donfalcon1495 Місяць тому +1

    3% average return on investment in a pension sounds terrible!

    • @declanmcardle
      @declanmcardle Місяць тому

      I'd say Aviva think it's fantastic!

    • @donfalcon1495
      @donfalcon1495 Місяць тому

      @ I wonder where the money goes!

    • @donfalcon1495
      @donfalcon1495 Місяць тому

      @@declanmcardle the pension industry is one big scam! Basically people getting paid exorbitantly for removing value! And governments across the world support this!
      Any who charges to give a 3% average annual return in a pension should go to prison😁

  • @amitgupta9232
    @amitgupta9232 Місяць тому

    loved it

  • @tomgreene1843
    @tomgreene1843 Місяць тому

    Agree strongly on your fake news piece ....much reportage on numerate matters is awful..