What’s important to consider is the valuation Seniors Money puts on your your home. Photograph: iStock

Death triggers the loan repayment which can be a multiple of what was borrowed

In August, Minister for Finance Paschal Donohoe said it simply wasn’t possible to give an estimate of how much someone might owe. Photograph: Nick Bradshaw

Hundreds of thousands of subsidy recipients will find out on Friday how much they owe

The Affordable Purchase Shared Equity scheme will be aimed predominantly at first-time buyers, although Minister for Housing Darragh O’Brien recently said there will be ‘some exceptions’. Photograph: Alan Betson

The fear is that the scheme will push up house prices, making it pointless to avail of it

The fee is deducted from Linked Finance accounts on the last calendar day of each month.

Peer-to-peer lender imposes 1.25% charge on lenders

Irish families turned to boxes of sweets this year for some festive cheer. Photograph: Richard Baker/Getty Images

Families turn to alcohol, sweets and cheese as source of festive cheer in 2020

French multinational pharmaceutical company Sanofi’s headquarters in Paris. Photograph: Philippe Wojazer/Reuters

Irish life sciences company holds 10% stake in immunotherapy firm

Draper Esprit has invested in Coachhub, a digital coaching platform.

Dublin-listed venture capital firm sees ‘significant opportunity’ ahead

Enterprise Ireland chief executive Julie Sinnamon: she  described 2020 as “a very challenging year” for Irish enterprise. Photograph: Dara Mac Dónaill

‘Very challenging’ year saw net job losses of 872, with sectors such as food hit hard

Pro-Trump protesters storm the Capitol in Washington on January 6th. Photograph: Erin Schaff/ New York Times)

Move from Irish led company follows last week’s riot at the Capitol

  Barry’s has shut its online shop due to the impact of the Covid-19 pandemic

Cork tea manufacturer says closure is hopefully temporary

Alcohol sellers will be banned from selling alcohol at a reduced price on the basis of the purchase of another product or service from Monday.

Multi-buy deals ‘6 bottles for €40’ no longer allowed and alcohol voucher schemes to end

 Card payment only signage at the Oliver Bonas store in Dublin city centre. Photograph: Nick Bradshaw

Cashless payments may be fashionable, but we must be careful not to leave some people behind

When the temporary wage subsidy scheme was implemented, tax was not deducted at source. Photograph: iStock

If your employer benefitted from the temporary wage subsidy scheme, you will be billed

Last year, a house selling for €350,000 may only have been open to those on incomes – joint or otherwise – of €90,000 or more. Photograph: iStock

From your pay packet to the property outlook, here’s what’s coming down the road

The top selling car in 2020 in Ireland was the Toyota Corolla

Toyota Corolla is still Ireland’s top selling car but industry forecasts ‘difficult’ start to 2021

New personal injuries guidelines are set to be adopted and published by the Judicial Council by July 31st.

Alliance for Insurance Reform says nothing Government has done so far has worked

Lifetime loans or “reverse mortgages” allow older homeowners to borrow against the value they have built up in their property

Lifetime loans available to older borrowers again at fixed rate of 5.5%

Minister for Finance Paschal Donohoe pictured last year at a HBFI update. Photograph: Tom Honan/The Irish Times.

Consultation to assess adequacy of funding for residential development

Residential landlords paid tax on only 63%  of their rental income in 2018 as they claimed total deductions of €1.14bn  that year

Landlords claimed allowable expenses of more than €1bn to cut tax bills

The Greek government is  offering hefty tax breaks to encourage professionals to pack up their laptops and head to the Aegean Sea. Photograph: iStock

Greece and Barbados are enticing digital nomads, but read the small print

 Barclays will allow customers in the Republic who have British bank accounts with the lender to continue to operate them after the Brexit transition period ends on December 31st. Photograph: Dominic Lipinski/PA Wire

Barclays and Lloyds Banking Group closing some accounts for customers in certain countries

Central Bank: We’ve had an initial report that found that dual pricing across the home and car insurance sectors is more common than expected.

If dual pricing is detrimental to consumers we must not wait another year to act

A “quiet” festive season awaits us  in 2020. So why not put that time  into sorting out your finances. Photograph: iStock

Financial advisers share their tips on budgeting, future planning, pensions and more

Dual pricing is widespread not just in insurance, but also across the travel and telecoms sectors. Photograph: iStock

Older consumers who are more likely to be loyal to their provider are missing out

John Teeling: he  said the group made “significant progress” during the period under review in Botswana, South Africa and in Zimbabwe

Diamond sales and prices fell, but the company is now looking at a ‘substantial recovery’

Cathal Friel, executive chairman of Open Orphan

Vaccine could be one of the first to provide long-term immunity from Covid-19

The Phoenix Park Racecourse deal includes a mix of apartments, duplex units and houses, including 20 one-bed and 113 two-bed units

Ireland’s largest private landlord will pay an average €410,958 per unit

Credit unions are also obliged to place €10 of every €100 saved into a reserve fund under Central Bank regulations.

First South to introduce €1 charge on deposits following widespread limits on the level of savings

The ICCL said progress has been impacted due to a court hearing on a technical legal issue put forward by the liquidator

ICCL is now waiting on court ruling to allow compensation to proceed

The jump in HTB applications corresponds with a surge in mortgage approvals. Photograph: iStock

Numbers applying for tax rebate of up to €30,000 to fund deposit on new house rocket

From June to November, Revenue received 10,869 applications for the Help to Buy scheme; up 45 per cent on last year. Photograph: iStock

With Help to Buy and mortgage applications at record highs will supply be adequate?

The main reason for getting private health cover for your children is the access it gives to procedures in private hospitals, according to insurance adviser John Haigney. Photograph: iStock

There are no private hospitals for children, but there are some reasons to insure

As well as offering the rebate, VHI is also increasing the cost of a number of its plans at the end of this month

Insurer saw lower than expected claims in 2020 due to coronavirus pandemic

Irish funds industry is expected to grow by up to 10.8 per cent a year from now until 2025, to reach a total value of €5.3 trillion.

Sector has potential to create 6,000 new jobs over next five years

Credit unions say the limit on savings is a direct result of the impact of increased savings on regulatory reserve requirements for the sector.

Progressive Credit Union in north Dublin tightens restrictions after increase in savings

Venn Life Sciences is to help manage a Covid-19 drug study.

Open Orphan subsidiary to manage Phase 2 clinical trial for European pharma company

Tullow and its partners will work closely with the government of Kenya on land and water agreements, environmental and social impact assessments and finalising the commercial framework.

Move will allow oil group to reassess Kenyan project

An Aryzta meeting in Duebendorf, Switzerland, 2018. Photograph: Arnd Wiegmann/Reuters

US hedge fund makes fresh €734m bid for troubled Swiss-Irish food group

Michael McGrath: he  said it was “inevitable”  there would be tax increases at some point in the current Government’s lifetime

With the Government borrowing billions to cover the pandemic, workers may be worried they will be asked to pay for it

This year, figures indicated that 947,000 income earners would not be subject to income tax for 2020, with 773,100 exempt from USC.

Revenue estimates show impact of pandemic on income of higher earners

Some current accounts now offer digital payment solutions such as Apple or Google Pay. Photograph: iStock

Customers rarely change accounts, but as costs go up here are the options if you do

In November, the AIB Ireland Manufacturing PMI index rose to 52.2 from 50.3 in October, the third highest reading since April 2019

Sector ‘coped well’ with lockdown, according to AIB survey

Former president of Ireland Mary McAleese has qualified for a tax exemption on earnings related to her memoir published earlier this year.

Scheme allows artists to earn up to € 50,000 a year on creative work free of tax

If an insurance quote seems too good to be true, ‘it usually transpires that it is’. Photograph: iStock

Brokers Ireland welcomes first conviction in the State for fraudulently selling policies

Marco Schwartz is Davy’s new head of capital markets in the UK

Experienced banking professionals to head up capital markets division in UK

Venture capital firm Draper Esprit sees potential in transition to digital driven by the pandemic. File photograph: Getty

Dublin-listed venture capital firm’s 10% rise in portfolio valued at €784m despite pandemic

Arytza, owner of the Cuisine de France brand, is in a takeover battle.

Lodbrook Capital says €735m Elliott offer ‘grossly undervalues’ group

Between 2010 and 2019 there were 214 fatal incidents on Irish farms

Move is due to high rate of fatal workplace incidents in the agriculture, fishing and forestry sector

Like other retailers, Topshop owner Arcadia has been hit hard by Covid-19 restrictions. Photograph: TOLGA AKMEN/AFP via Getty Images

Arcadia Group looks set to file for administration in the UK

Recycling is key to the circular economy.

New initiative Circuléire is aimed at improving environment and cutting waste

Meat processing plants across the world have been vulnerable to the spread of Covid-19

Council says up to 85% of positive cases at meat processing plant are asymptomatic

Revolut: UK-based payments provider has about one million customers in Ireland.

Despite popularity of fintech payment app, pillar banks are still hiking up their fees

Parents need to make sure that their own finances are in tip-top shape before they start gifting funds to a child.

The small-gift exemption scheme may be a no-brainer but do your homework first

Warning: working from home may damage your career prospects.

Remote working seen as another potential obstacle to career progression research finds

AIB charges will kick in from November 28th, but customers will not face the first quarterly fee until March 29th, 2021

Savers who keep thousands in account to avoid charges will now be hit with fees of more than €70 a year

Uniphar group chief executive Pat Rabbette said the approval from the CCPC came within its expected timeframe.

Deal, worth up to €60 million, will add 36 pharmacies to Uniphar’s network

Fruit and veg group forecasts full year results to be ‘slightly ahead’ of 2019

Pension funds typically have to be drawn down by the age of 70, but the new approach would mean a standarised age of 75 introduced. File photograph: Getty

Government eyes more simple pensions and abolition of multiple products

It is middle-income earners on salaries of €30,000-€60,000 who benefit the most from the current system of pension tax relief.

State pension age looks likely to increase, and early access to funds is not on agenda

“For many savers, the consolation to record-low returns is the fact that inflation, too, is almost non-existent. According to figures from the Central Statistics Office, prices fell by 1.2 per cent in the year to September.” File photograph: Getty

Returns on deposits are now trending to zero

Many banks stopped offering exceptions to the Central Bank’s lending rules, which allow people to borrow more than 3.5 times income, or to buy a home with less than a 10 per cent deposit.

Borrowers urged to tread carefully amid ongoing uncertainty as banks tighten policies

Clevernet founder Shane Deasy.

Deal will enhance Irish technology company’s capability and offering

“It is with great excitement and appreciation that Transact announces our establishment of a new technology innovation centre in Limerick, Ireland...”

US integrated payment and credential software solution company to set up international headquarters in the city

Kingspan’s Gene Murtagh. Sales are down at the insulation maker in the first nine months of the year.

Insulation maker expects profit to be ‘marginally’ ahead of 2019 as it eyes expected price increases

This is the highest level of wealth ever recorded by the Central Bank, and is 12 per cent higher than the boom-time peak of €723 billion reached in the second quarter of 2007.

Central Bank figures show overall wealth is higher than 2007 peak

KBC, which does not engage with outside unions, said on Friday that it will instead “directly engage” with employees.

Belgian-owned bank says instead it will ‘directly engage’ with employees in dispute

Goldman Sachs partners are an elite group representing 1 per cent of the bank’s employees. Photograph: Brendan McDermid/Reuters

Orla Dunne, John Brennan and Richard Chambers in line to earn over €800k salary

Some 235 government home loans were approved in the first six months of the year at a total value of €38.2million, with 283 loans drawn down at a value of €47.7m

Increase in interest rates for Rebuilding Ireland home loans has pushed out potential borrowers

At a time when interest rates are going only one way – down – why is the Government penalising those homebuyers it claims to be assisting?

Government borrowing has never been cheaper, yet the State is hitting low income earners hard

Employers are entitled to pay you up to €3.20 a day tax free, but “In reality, the majority of employers aren’t doing that”. File photograph: Getty

‘Capital items’, like equipment and furniture, bought by an employee are not allowable

Get out those paint sample charts: another lockdown means another surge in spending at hardware shops

Christmas shopping continues apace despite Covid-19 restrictions

Mincon is an Irish engineering group which specialises in the design, manufacture, sale and servicing of rock-drilling tools and associated products.

Irish company’s revenue grows but it adopts ‘prudent approach’ due to Covid-19 challenges

Last month Glanbia, whose brands include Avonmore and Kilmeaden, reported an increase in overall revenue in the third quarter despite the challenging conditions

Goal is to reduce nutrition group’s outstanding share capital

Auckland: Index shows property price annual growth of 13 per cent.

Report finds annual price drop of 4.1% in €1m-plus market

Some €230 million was put into prize bonds in the first half of the year, compared with €120 million in 2019.

Prize fund at all-time high as money invested almost doubles

The deal could see the insurer broken up.

Intact to keep Canada and UK, Tryg to take Norway, Sweden

Many taxpayers are entirely unaware of what January might hold for their bank balances as a result of the pandemic unemployment payment  and the temporary wage subsidy schemes.

Brace yourself for a possible tax liability in the new year. But you can soften the blow

Unity’s David Hargaden is targeting further growth at the IT cloud managed services company.

Acquisition of IT Force will boost revenue to more than €16m and positions company for further growth

Some of the biggest and most profitable brands and companies operating in Ireland have benefitted from the Government’s Covid-19 wage support scheme.

List of 66,500 businesses includes some of Ireland’s leading and most profitable brands

Companies like Flying Elephant targeted the work from home market with €149 desks.

Tax authority says laptops, desks and chairs not eligible for relief

Chief executive Alan Linn says  Providence has made “excellent progress” in agreeing farm-out terms for the Barryroe licence despite  Covid constraints.  Photograph:  Finbarr O’Rourke

Exploration company has extended its exclusivity period with SpotOn Energy until the end of November

Open Orphan is running some of the world’s first Covid-19 human challenge trials.

Contract guarantees annual revenue for Dublin listed company

David Golder, chairman of Petroneft Resources, is optimistic about the year ahead, despite pandemic related challenges. Photograph: Cyril Byrne / THE IRISH TIMES

Oil and gas exploration company is optimistic for year ahead

Bank of Ireland has a 25-year lease on the development.

German investor will acquire Baggot Street development which is let to Bank of Ireland

With pressure on their finances and funding challenges on the back of Covid-19, it’s no surprise that out of the 31 local authorities across the Republic, 22 voted to increase rates for 2021

Revaluations have been put off, but local authorities can still increase rates by 15%

Back in Ireland of the 1970s, you only got the State pension when you turned 70 –  and life expectancy was lower then. Photograph: iStock

Budget move equates to €13,000 windfall for those born after 1955. A temporary reprieve?

“Without auto-enrolment, supporting future retirees will continue to be a challenge for policymakers with concerns on sustainability going forward.”

Mandatory private pensions plan set for more delay as retirement cost fears mount

The ability to postpone your tax payment applies to all self-assessed income taxpayers – including those with rental income

Self-employed have until December 10th to apply for income tax warehousing scheme

Swixx BioPharma is one of the largest agents for ethical pharmaceuticals serving research-based biopharma across central and eastern Europe. Photograph: Kiyoshi Ota/Bloomberg

Swixx BioPharma will sell cholesterol drug across central and eastern Europe

Bank will cut 10 savings rates to zero next January

Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Michael McGrath.  Photograph: Crispin Rodwell

ESRI research finds young workers will lose the most if Covid-19 supports are removed

Minister for Finance Paschal Donohoe at a press conference in Government Buildings on Tuesday. Photograph: Julien Behal Photography/PA Wire

Q&A session also covered new student payment plan and tax debt warehousing for landlords

Young savers could get a hefty boost to their bank accounts with Bank of Ireland

Lender offers redress to customers who missed out on higher interest rates


Budget 2021: Self-employed do best in steady-as-you go year

The move means that entrepreneurs should find it easier to qualify for the Capital Gains Tax Entrepreneur Relief, which gives a reduced rate of CGT of 10 per cent.

Eligibility loosened for CGT relief, which allows lower rate of tax of 10% on disposals

If a company is found to have employees living and working in another country, companies could have to comply with filing requirements and tax obligations in this country.

Staff working abroad could pose tax and regulatory headache for employers

“We are pleased that our tenants’ businesses have recovered sufficiently that we could record increased collections for the fourth quarter despite the continued challenging market conditions.”  Photograph: Getty Images

The reit owns a diversified portfolio of Irish commercial property assets, with a focus on assets outside of Dublin’s central busi(...)

Seán Doyle takes over at BA as it is seeking to cut its workforce by 13,000 to combat the impact of Covid-19.  Photograph: Naoise Culhane

Donal Moriarty to become interim Aer Lingus CEO as owner IAG navigates Covid crisis

A shop on Dublin’s Henry Street.

Emerging gap between small firms doing well and those struggling due to pandemic

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