r/irishpersonalfinance

I read up that any changes to the tax rules on stocks / ETFs will not apply to existing positions so I’m thinking it may be wise to start selling a few in anticipation of utilising the new investing system when it’s eventually introduced. At least that way I’ll get full use of my €1270(X2 including the wife) tax free probably for this year and next by the time it starts.

The thing is, I have a few that have been pretty strong and have a decent PNL (Nvidia near ATH, meta, tsm etc) that I did plan on holding for a lot longer. But I don’t have much *spare* cash to invest without dipping into my regular savings.

I’m thinking it may be wise to: sell about €3000 worth now and again in January. That will leave me with roughly about €5800 into the hand after tax in the next ~8 months. I’d aim to invest 10k long term (10-13 years at least) and deposit regularly into it when it’s introduced, presuming it will be more competitive than standard ETFs at the moment.

Is this wise or is there something buried here that Iv missed?

We applied for a €450k mortgage with incomes of €78k and €71k but only €20k in savings. AIB has indicated they’ll offer €350k due to affordability/stress concerns, unless we wait 6 months and reapply.

We’re wondering how realistic it is to reach €450k through a broker, we’re anxious about another rejection. There’s a property launching soon that we’re interested in, so waiting could mean missing out.

Should we try a broker or wait the 6 months? We’d also appreciate any broker recommendations in Cork.

Just finished the mortgage on my apartment. The mortgage is with BOI. I called BOI regarding the deeds and was told that they can keep the documents for me for free, unless I want them to be returned.

I'm fine to leave them in the bank, but I want the bank to be removed from my deeds in the 'Folio' from Land Registry. To do that, I need to supply a Deed of Discharge from BOI, see https://tailte.ie/land-registry-frequently-asked-questions/, can I request this letter without the whole deeds?

What do you recommend to handle this?

Also do you get the deeds back and store them somewhere with your solicitor or a third-party place like deeds.ie - I see no harm to leave them with BOI since it's free, but I don't know if that is the most reliable way.

I'm currently in a 4.05% mortgage which is fixed until October 2027. Rates now are looking much better but I'm pretty anxious that won't hold. It seems likely they'll rise this year, and it October of next year seems too early for them to come down any again.

A few bps off the mortgage rate would be very handy in the household budget right now. Would probably put it into overpayments which would be nice.

Burner account here as I’m a bit embarrassed at my situation.

Myself and my partner (mid 30s) are finding it difficult to get mortgage approval and it’s feeling like we will never get approval and holding us back in life. Both lucky to be living in my parents and saving €3k per month. We’re probably cutting it a little cut on savings amount but trying to maximise the deposit amount while we can.

The issue is I’m self employed and my partner works for my company. My partner has no issue in getting approval as a PAYE worker. Last year in the business we lost €40k but that was due to a large one off expense and also we outgrew our demand meaning we were sold out of our product for 6 weeks. We went to a broker initially last year who didn’t deny us but said to talk to them again next year. We then went directly to EBS from a friends recommendation. The guy we were dealing with was absolutely amazing and went above and beyond in helping us try different options but due to small loan amounts (€13k) in the business it’s somehow working out that we would get less than my partner going on their own. The loans are not personally guaranteed. We have never missed a loan payment and in over 2 years since we started paying myself and my partner a salary we have never not paid ourselves.

We were passed on to another broker who is currently assessing us but he said it wasn’t looking promising. The business is going really really well and growing beyond our wildest dreams. Business is on track to make a profit this year and had done so the previous 2 years.

We just feel stuck and really unsure what we can do from here and bracing ourselves for the broker to say more of the same.

Has anyone any advice or been in a similar situation or any workarounds. We’ve been looking at my partner taking the mortgage and seeing if I can get a long term large loan but I’m guessing banks won’t look at underwriting a property loan unless it’s done via a mortgage?

We’re half looking at renting and keeping our deposit to hand or in investments but since we moved back home we’re priced out of renting in Dublin. We are earning too much to apply for Tuath.

The other option was putting all the wages, savings etc into my partner’s name and reapplying but it feels shady in doing that.

Guys what do think ?

Got loan offer today from 2 banks , no extras like 1-2 % backpay etc

Aib 24 yrs term with 3 yrs locked at 3.20 Interest and 3.96 APRC , overpayment allowed per year on locked 5k per year without penalties , repayment 2488 per month , planning to use overpayment

BOI 25 yrs term , first 4 yrs locked at 3.1% Interest APRC 3.9 overpayment allowance 10% of monthly repayment(2395) , per year total 2856

Both banks go to 4.15 % interest after locked term but can lock again , green mortgage ber a1

What your advice ?

Is BOI used extra year to lure me in to them ? Ie 25 yrs term vs aib 24 ? But is more expensive

What do you think about my overpayment plan is it worth it ?

Who you Would go with if in my position?

What are your interest rate prediction for 3-4 yrs from now ?

Thank you for sharing your point of view , much appropriate

I’m 35 and so far I have had 3 jobs which contributed to pension schemes. I’ve been struggling to find a job I like so I keep jumping from place to place, availing of the pension scheme and then leaving. At the rate I’m going I could have a huge number of pensions set up by the time I reach retirement! Is this an issue in any way?

We’re moving home in a few weeks after living in Australia for 3.5 years. First year on a WHV and remainder on skills shortage. We set up a separate super once we moved to the skills shortage.

Looking for advice on combining the two supers funds and leaving it until retirement or taking out the WHV super understanding it will be taxed heavily at 65%. I’m leaning towards keeping the skills shortage super in either way.

Or does anybody know if it’s possible to transfer to an Irish pension fund

TIA

I’m in my mid-20s and have been working full-time for seven years. My original goal was to buy a house before 30. However, with the goalposts constantly moving, it feels almost impossible to buy a house in Ireland on minimum wage. Because of this, I’ve decided to pause the house hunt and instead focus on building a career to increase my earning potential.

I’m also getting completely burnt out on extreme budgeting. I want to allow myself to enjoy my hobbies without feeling the guilt and shame of 'wasting' money or delaying a financial goal.

I'm essentially starting from scratch: I have zero in a savings account, no pension contributions, and nothing invested in ETFs or stocks. I’m looking for guidance on how to best manage and invest whatever money I can set aside moving forward. Any advice on where to start would be greatly appreciated!

Recently I've been thinking about how I approach my own finances, this includes things like budgeting, saving, longer-term stuff. What I realised is that I don't really know how other people handle it.

Everyone seems to have their own patchwork and nobody talks about it in much detail.

So: how do you actually do it?

• Day-to-day
• Longer-term (if at all)
• What's working, what isn't

Not looking for a "right" answer. Just curious about the range. Suspect most of us are cobbling something together and quietly assuming everyone else has it figured out.

Hi - I work in the private sector and have a DC fund and I'm very familiar with it and my options. My wife (54) is paying into a public sector DB pension, and wants to open an AVC. I don't know much about DB scheme rules etc, but she wants to maximise her tax free lump sum. We've put off making a decision and each month wastes time in the market.

I do know however that the option of using Cornmarket is an expensive one and we want to see what alternatives are available. Can I ask what the best options would be for her to look at. We're comfortable in going outside Cornmarket and happy to claim the tax relief ourselves via Revenue directly. We just need a little steer on her options. She worked part-time for c20 years while the kids were growing up, so her main pension is behind. As I say she's looking to maximise her tax free lump sum and she hopes to retire in about 6 years time. Hoping to contribute c€1k per month.

What are;

- her options?

- are there any specific rules on accessing her AVC with her DB?

Thanks.

Hi all, to give some context my mother was setting up a company for her local cafe, when creating the company in 2019 she asked me to be the Company Secretary and also said she would give me 30% ownership, we signed all the forms etc. nothing more was mentioned by the accountant or solicitor other than wishing us good luck.

I don't work for my mother, I've always had my own job and just help her out with forms, letters, documentation and that kind of thing. I don't earn any money, salary, dividends from the company, my total earnings listed by Revenue from the company from 2019 to 2026 is exactly €0.00.

Now the problem - My partner and I were trying to apply for the HTB scheme and it came up I had incomplete tax returns between 2023 - 2025, when I went onto Revenue it said I had to register for ROS and file Form 11s - so completed that process and went to file Form 11's for 2023-2025 - and then I saw the late fees.

I'm being charged close to €2,000 for not filing these Form 11s that I had no idea I was supposed to do. Doing a bit of research I saw in 2023 a new bit of legislation came into force which links directors to their PPSN and since then I have officially been listed as a Proprietary Director by Revenue.

I'm not trying to avoid my obligations, especially since I earned no money — I genuinely had no notification that my tax status had changed, and the moment I found out, I started the process of getting compliant.

I want to speak to the Revenue to see if I can get these charges dropped but I'm worried that they will then also charge me for late filings between 2019-2022.

TLDR; I didn't know I was a Proprietary Director and have been hit with a €2,000 late fee - is there anything I can do?

That price was including replacing the water tank, but my radiators don’t need replacing. Curious as to what other people are being quoted? House is a 3 bed semi D.

Im 33 years old and have 8 years of mortgage payements left, 1 year fixed the rest variable. If I loose my job, is it possible to pause payements for a year or so until I find a new one?

Hey guys, I’m 23, working since September, earning just over €53k gross. I’m currently living at home (dw I contribute a few hundred per month to the house), and I plan to move out in the next few months. I have my pension maxed and I currently have €12k in the rainy day fund. I do not have near-term plans to buy a house. I am now looking to start investing for the long term. I went to my bank to discuss this, but of course they only promote their own bank managed investment funds. It seems the safe and convenient choice, but I’m not a fan of the management fees and early exit fees.Would people strongly advise self-investing (in say DEGIRO S&Ps) over a bank-managed fund?

I don’t really have friends/family I can ask about this, so just looking for general perspectives. I understand this is ultimately my decision and I’m grateful to be in a position where I can invest at all.

AIB must have been listening as I was only looking up WERO today and wondered if Ireland had signed up to it yet only to read about zippay.

Well I got a notification on the aib app to say the zippay feature has arrived. There appears to be 3 options. Send, receive and split payments.

I hope this is phase 1 towards WERO adoption​ and not the endgame

Hypothetically if it was your first year doing self employed tax return and you were short 4 to 5 grand to pay the full preliminary aspect, and you had it together to pay a couple of months after the deadline, what would happen please?