The Sunday Business Post provides a detailed summary of the best savings options available in the market. The piece notes the Fine Gael pledge to increase tax on interest earned on savings (DIRT) from the current 27% to 30% “to encourage higher levels of household expenditure”. However, the increased economic uncertainty still means plenty of incentives to save for those inevitable rainy days ahead.
So, what’s on offer?
Ireland has the dubious distinction of being the only country of 19 in a report commissioned by Credit Suisse where investors would have been better off leaving money on deposit over the past decade rather than investing in bonds or equities.
Permanent TSB has intensified its efforts to end interest-only mortgages for its buy-to-let customers, according to The Sunday Business Post. A number of the bank’s customers received letters in the past couple of weeks notifying them of the changed terms, including a warning that they could lose their tracker-rate mortgages.
It’s that time of year again when health insurers warn there is no alternative to hiking premiums if standards of cover are to be maintained. VHI is first out of the blocks and their plaintiff cry is given lead-story status in the business section of The Sunday Times, with the state insurer calling on the government to increase the health insurance levy by almost 50% next year.
Ulster Bank is to target small and medium-sized enterprises (SMEs) in a big advertising push next month, according to the Sunday Times.