BANK LOANS
Va-va-vroom. What do you do if you’re a carmaker but nobody can get the money to buy your vehicles? Simple – you set up your own finance company.
Tag: Personal finance
COST OF LIVING
The feel-good mantra peddled by the Government about how the real cost of living is the same as 2006 has been punctured by the latest figures for groceries.
SHARE OPTION SCHEMES
The extra cost to employers of providing share schemes for their employees may cause many of companies to scale back on them, The Sunday Business Post reports.
SCAVENGING THE BUDGET ENTRAILS
All of the Sundays scavenged among the entrails of last Tuesday’s Budget with mixed results in terms of unearthing anything left over from the extensive coverage by their media colleagues during the week. Most of the newspapers concentrate on interviews, providing detailed case studies on the harsh reality for people behind the ubiquitous number crunching.
PROPERTY BASED CAPITAL ALLOWANCES
“The draconian retrospective restriction on capital allowances in Budget 2011 was both unexpected and unwelcome,” writes Ernst & Young partner Jim Ryan.
BUDGET 2011 – THE FORECAST
While every household will feel a severe pinch on Tuesday, those at both ends of the earnings spectrum will experience blunt force trauma, according to Susan Lynch, a director of Ernst & Young’s personal tax services division writes in The Sunday Business Post.
MERCS & PERKS FOR OUR CIVIL SERVANTS
The cynical will probably look at the proposed reductions for the high earners in Government and the public sector and shrug shoulders at the meaninglessness of it all.
INCOME TAX
Taxpayers are being advised to avail of the four-year window for claiming tax reliefs to make the likely cuts due in Tuesday’s Budget that bit easier to bear, The Sunday Business Post writes.
MORE ON PENSION RESTRICTIONS
“Personal private pension contributions may become a thing of the past if the Recovery Plan’s proposals are implemented to restrict tax relief for personal pension contributions for employees and the self-employed,” according to John Heffernan, head of Ernst & Young’s regional tax services.
BUDGET 2011 PROPERTY TAX
The flat-rate property tax for 2012 announced in the national plan last week will have to be paid on top of the €200 already liable for those who own a second property, The Sunday Business Post reports.
PERSONAL INDEBTEDNESS
“Personal indebtedness is at unprecedented levels in Ireland and with lower wages and higher taxes pushing people to the brink, the delay in introducing a modern bankruptcy system is simply storing up trouble further down the road,” writes Gareth Naughton, personal finance editor at The Sunday Tribune.
PENSION LEVY
Irish Life and Zurich Life, two of the biggest pension providers in the country, have asked the Government to impose a €200m levy on retirement funds in the upcoming Budget rather than cut tax relief on contributions, The Sunday Times reports.
WINTER TRAVEL INSURANCE
Anyone lucky enough to still be able to afford a trip on the piste this winter should ensure they factor in the appropriate level of insurance cover, The Sunday Business Post advises.