Just bought An Post car insurance a few hours ago after checking a load of sites and brokers, of course after I say this to a friend he asks if I checked Revolut first. It's 300 quid cheaper. I've already paid for An Post, but can I cancel. I looked it up, and it says I've to post the disc back, but I Haven't even got one yet, It's only been a few hours. What would be my best course of action do you think?

I have a UK Student finance loan (in process of paying but it’s £60k and not budging due to interest)- looking to get mortgage approval. Should I bother declaring it? All my other UK accounts have been closed and I pay this through my parents account!

I’m currently around €25k in debt as a 33yoM. 1 personal loan for about 22k for education in the UK (Not through SFE) and a 3k overdraft. Rent is 550 a month with 550 paid back per Loan. Overdraft costing me about a hundred per month. Earn about 50k a year before tax (2800 a month net)- what are the best ways of getting out of this hole? I want this clear so I can build towards owning my own home!

I've a house lined up that I'd like to buy. I can afford it with a 90% mortgage at 35 years. It's a 3 bed house with a potential to be 4 bed as there is a second living room that could be converted. It's got a bit of work to be done to it as its a BER F but could be moved into straightaway. If I decide to up grade it I'll be all in.

Is it time to buy or should I hold off?

I'd love to hear people's opinion on were house prices are going in Ireland.

Thanks for reading and looking forward to hearing your from ye.

Hi

I am just wondering if anyone knows what the going rate for this is. My ex is buying me out of an apartment we bought together so we need to transfer it to her name exclusively.

Solicitors have quoted my ex €1650 + VAT (for drafting contract, deed, other documents, liaising with lender either to get their consent to the release me from the mortgage or in a remortgage, complete all lender documents and complete all registrations to clear me off the title)

They've quoted me €650 + VAT (for provision of legal advice regards signing contract, deed and any documents as may be required by the lender)

Anyone know if these are reasonable? Thanks for any info as I really have no idea about these costs

22m, working full time (Manager) €587.25 before tax €490.54 after tax Potential new position after new years to area manager

Looking for advice or any help on how I can properly set up a savings plan,emergency fund etc currently struggling to save any money, basically want to get a grip on on the money and actually have something to fall back on -

Rent + bills per month 950

Hi Guys,

I wanted some advice on the best way to go about getting a personal loan for flight training, I want to borrow around 40k to repay ideally over 5/6 years, I have over 20k in savings and earn 40k per annumand also live at home so have barely any overheads, is this amount doable or will lenders refuse a person loan for this reason. I had a 12k loan with aib a year or two ago for a car that I paid back in full and never missed a payment, would that work in my favour?

Any help or tips is greatly appreciated. Thank you.

Hi,

I just saw someone posted in here that October 31 is the deadline for CGT? Last year, I have realized a net gain from trading stocks and received few dividend income. The net gain is below the threshold of 1,270.

Should I still need to file the CGT? Is the CGT only covers the income from selling stocks or does it include the dividend income?

I'm not familiar with the process. I have myaccount in Revenue but I'm not sure if I registered or made ROS account before. Or is that needed or my employer already made a ROS account for us employees?

Appreciate any help. I'm not familiar as I just moved here in Ireland last year.

Thank you!

I earned a little interest in 2024 from N26, just wondering is it declared 31st Oct/14th November, or is any interest earned in 2024 declared from January 2025?

Thanks.

On my way to work, I drive through (what some may say is) quite an affluent area. I was pulled up waiting to turn beside a row of shops and two Porsche were pulled in and then a new Maserati jeep goes and pulls into the same row.

Seeing so many nice cars in the one swoop has me thinking about my own finances - I’ve had part time jobs from 16-21 to pay for school and college (I’m now 29), I’ve got my Bachelors and Masters Degree and and in an okay paying job for my age in comparison to my friends (approx 50k/year). I’m paying around 2000 a month in rent and bills (incl groceries and car etc), saving about 500/m in the hope of building a a mortgage deposit to get out of renting and also putting 200/m into a Prisma 5 fund, potentially to use for future children - but haven’t decided yet if this is what I want to use the money for. My pension contributions are also currently 12% of salary between employee and employer contributions. I try and spend any spare money outside of that on a holiday to get a break from work and to go out and experience new things before potentially settling down with my partner and having kids as I’m aware we mightn’t get to do any of that once we have the extra responsibility…

Don’t get me wrong- I’m very grateful for the position I’m in where I can afford to have a roof and food in my fridge, own a car etc. I am aware that some people have generational wealth and others have risked quitting their jobs to start their own business etc, which don’t apply and are a bit risky for me to quit my job with my bills. I understand your worth isn’t tied to what car you drive as these could easily be HCP or something but for the average Joe like me - is this lifestyle attainable or is there anything I could be doing to maximise my earnings that isn’t of huge risk? Has there been anyone here in a similar situation who was able to turn it around?

Hi started my new job on 14/10 so I worked for 2 weeks. My annual salary before tax is €31k, I only received €850 for my 2 weeks work. Based on my estimates I would’ve guessed that I should have got €1100 for my 2 weeks work after tax has been deducted. Is this emergency tax? I paid over €600 for 2 weeks work? I can never seem to make sense of payslips. How / when can I expect to claim this back? Big difference (for me..) between €850 & €1100 !

I'm applying for a mortgage as a first time buyer on a sole application with AIB. I have submitted multiple payslips, EDS, ba k statements as well as answered multiple questions on any lodgement made to my bank account. I got the AIP letter issued with the loan amount after 4 weeks of back and forths.

My question is, once I find a property I can afford, how much more scrutiny will the bank put me under given I have submitted all my financial details already? Thanks in advance

Hi folks. Just received word on Monday that I was being made redundant. I have been with my company almost 6 years. I've had a pension with them the whole time. It hasn't accrued much, under €20k as a ballpark, but my would be new employer may not have a pension plan setup. I'm wondering what my options are. I have a mortgage, HP car loan and a wife/kids, so that €20k would be very helpful while I'm looking for a new job. Am I able to take a refund on it? I don't want it to just sit there until I retire, making very little return. Seems pointless to me. I also would much rather not have to do it myself, especially with the auto enrolment being setup for next year. Would much rather just get in on that. I read somewhere that you can get a refund if you've been in the pension under 2 years. Are there any circumstances where you get get a refund after the 2 years? Even if it means it being taxed, and minus employer contributions.

Edit: not sure if it helps, but I'm early 30s. So a long way off retirement

The profit was under the personal exemption of 1270 but can anyone help as to where to input it on the form? I guess it's somewhere on the attached screenshots. Thanks in advance.

I am in my mid 20s and have some savings which I really should be investing. My expenses are mostly regular and only rarely tend to go higher than a certain limit. No doubt this question has been asked in this group before several times, but can someone advise what/where is the best way to invest money? I checked out my bank savings account rates, unfortunately they aren't that great.

Hi, Though max out pension contribution when changing different emwpoyer the continuity breaks and affects compounding. Again I wanna start from scratch (moving on an old pension to a new company which manages) how you all feel about it ?

I want to open a savings account with Trading212 but noticed that they're dropping the interest rate from 4% to 3.7% for euro. Meanwhile GBP interest is at 5.15%. Can I just convert my euros to GBP on revolut and deposit it in the Trading212 account? I'm assumming I still have to pay 33% DIRT on that but it works out better than euros anyway.

Hi all, does anybody here know if there’s any reason why there would be such a jump in my tax deductions,

I’ve been at the same job, same rate of pay, and the same tax credits, The only thing that’s changed is now a deduction for union, and now pay a pension(which I presume is taken before tax which wouldn’t have made it higher). The health care was added to my gross pay, and the exact same amount deducted an another Section.

Have I been taxed as if that health care addition to my payslip was payed, even though it was deducted in the same payslip.

Both below are at the Same rate of pay, Tax credits ect. (Both payslips are different template but all info is the same)

If I wanted to purchase some shares, using Revolut as my platform, how does the process work.

E.g., I'm interested in MSTR shares @ €253 per share. IF (and I know it's an IF) in two years time, these are worth - say - €353 per share, and I've bought 10 originally, I'm now up €1000, on paper at least.

If I sell at this point, and withdraw the funds, do I owe 33% CGT on the €1000, coming away with €667? Is that how it works? And I assume this is a self-declare thing, I've to let Revenue know when I sell?

He was presenting in my work the other week and I was considering putting some money into his Zurich fund but I assume his fees are excessive.

Hi all,

I’m a migrant who moved over to Ireland as a student 10 years ago and unfortunately, my days as a broke student are catching up with me. I got a credit card that I maxed out and am still paying off.

Currently we have savings of about €20k and HTB approved for €30k and we were hoping to apply for a mortgage summer 2025. Do you think I’m better off using our savings to clear that debt and save extra hard the next while? Or do you think there’s a chance I’ll get mortgage approved while I still have balance on a credit card?

I’ve been paying it off consistently but I have dipped back into it on tougher months (cars, vet, hospital). The last 6 months though I haven’t touched the credit card, have a direct debit set to pay it monthly and I also pay off extra when I can.

I just feel really deflated at the moment, like I’ve ruined things for myself and my partner.

Not looking for advice on the scenario itself but more so on who we should talk to regarding our situation and the best next steps e.g. solicitor / tax accountant / financial advisor / mortgage broker / all of the above?

My husband and I are in a very lucky but somewhat confusing position.

My father-in-law currently owns the house we've been living in for the last 5 years and wants to gift the house to us at a point in time that suits ourselves, to do with it as we please. He's also open to the idea of selling the house and gifting the proceeds to us.

My husband and I don't plan on living here much longer as we're currently getting mortgage ready and looking to purchase a new home that will be our new principal private residence until, hopefully, we retire and downsize (or our kids ship us off to a nursing home in the distant future).

With that being the case, we're really unsure of what's the best way to handle the house we currently live in and very unsure as to who the best professional is to discuss this with. We see various options on the table e.g. let my father-in-law sell the house and gift proceeds to us to put towards purchasing new home, accept the gifted house before applying for a mortgage and hope that it is of some help to us in securing a mortgage, enter into a chain and try to sell the house while we purchase another, wait until we purchase a new house and then accept the gifted house and sell it separately etc. etc. etc.

We want to make as informed a decision as possible and take into account all the potential consequences (tax/legal implications for ourselves and father-in-law, mortgage eligibility, ease of selling etc). Who is the best professional to talk to? I think it's probably a combination of most of those I mentioned above but who is even the best person to start with? We're going round in circles as to who to turn to first.

I've joined a partnership in 2021 which has been deregistered in 2022. And I thought the accountant we had had fixed the paperworks and all but now revenue is asking me for Form 11 for 2021. I've asked the help of the said accountant but she said she no longer has access and does not anymore have the documents about the said partnership. I've rang Revenue cause I could not understand the form. (I'm not good with all its terms and would not want to jeopardize my tax further) and I've been told to register for an ROS. Would registering for ROS account make it easier and would that mean I would have to deregister again? Is there an easier way I can fill the form 11? Thanks in advance.

I own my apartment (paying mortgage) and we are planning my partner to move in with me early next year. She wants to contribute to bills/expenses/mortgage and I’m looking for ways to make the most of it by availing of Rent-A-Room relief and Rent Tax Credit for her. Would anyone with experience in this before can share some insights and suggestions?

I’m not looking to bend the rules or avoid any taxes so I’d appreciate if we can keep the suggestions within those limits.

As far as I could make sense of related revenue articles; Rent-A-Room would be okay as long as we keep the total rent to be paid below 14k, however, I’m not sure if she can avail of Rent Tax Credit for the amount she paid since we are ‘related’?

Thanks in advance for your answers.

Probably a stupid question but I can’t find anything online about it:

If your max mortgage from the bank is 400K, you buy a house for 440K - we were told that at this point if the house needs retrofit/renovation that you can borrow again from the bank, pending appraisals and approvals etc, 90% of the renovation costs with a 10% deposit.

Does this mean that you’d be technically borrowing more than 4x your household income? If the renovation costs were priced at 100K that would mean overall mortgage would be 500K and 50K deposit?

Hi guys ....I leased out some farmland this year and which is 14k per year for 10 years ...I meet the conditions of the income tax relief.

I am a PAYE employee in my day to day job.

Does this mean though I have to register with ROS and undertake a self assessment?

Just went sale agreed on a house about 2 weeks ago, and our solicitors are starting on the contract process.

However the current vendors haven't found a new house yet, and while we told them during the sale negotiations that we'd be happy to work with their timings as we weren't in a rush compared to the other bidding parties (which is why our offer got selected), we still don't want to be taken for fools.

I've asked advice from our solicitor on this, but they've asked for us to send what we were thinking in terms of limitations and they could discuss with the other party. But I'm a bit lost on this. So wouldn't mind some advice / your thoughts?

I was thinking of the below:

Thinking that we went sale agreed on October 15th, that we would request exchange of keys by March 15th at the latest (giving them 5 months total?) Or should we extend to March 30th?

Or could we add a clause in the likes of every extra month, there's a sort of rental/penalty fee to cover our mortgage?

I'm still a bit confused about how this will even go down, as they need our money first to finalise their purchase on their end, so not sure how timings will work out and what would be considered reasonable or not.

Any help at all would be great! Thanks!

I got a loan of 10k in April paid it down to 8000 so far. The monthly payment is 198 but I pay 250 and a little extra every now and again. The loan isn’t putting pressure on me or anything I have savings of around 8500 that is for a house deposit (eventually) I make after tax between 830-1000 depending on overtime. Just looking what would be the smartest move. Thanks

I'm looking to fill out my CG1 form before the deadline tomorrow.

I've previously done so just by submitting the form through MyEnquiries (as I'm not registered for ROS) and that has worked fine.

However, the CG1 form on Revenue's website is still the one for 2023 (search for CG1). Does anyone know whether they have the updated 2024 form somewhere?

Thanks

Hello guys,

I'm pretty new to the self-employment/filing taxes game and I was just looking for some advice. I work freelance creating content for several clients online.

In 2023, I made around €20k and I'm just wondering what I will be expected to pay this year, even a rough estimate.

If anyone has any good resources on learning more about this, I would be very grateful.

Thank you.