Two important changes to pensions were passed into law in the Finance Act last week. Each are covered below. 1. Access to AVC’s Members of occupational pension schemes can now access up to 30% of their Additional Voluntary Contributions pre-retirement. Tax at 41% will be deducted from such withdrawals. This is a welcome route for members to access some cash …
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Apr
The first quarter of the year turned out to be very strong for equity markets in particular. The strong returns were driven by a combination of a better macro outlook for 2013 and investors’ increased appetite for risk assets. The MSCI World equity index gained almost 11% in euro terms (10% in local currency), though bond market returns were low, …
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Feb
Cessation of the Eligible Liabilities Bank Guarantee Scheme
By: Shane Brennan
Category: Deposit Rates, General
Yesterday the Irish Government announced the cessation of the Eligible Liabilities Guarantee (ELG) Scheme, effective from 28th March 2013. The full text of Michael Noonan’s announcement can be found here. The controversial scheme was introduced in September 2008 in response to share price collapses in Irish banks. The scheme essentially covered all deposits in participating Irish banks, without limit. What …
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Feb
Please click here for a summary of the two bank deposit guarantee schemes. The ELG will cease on 28th March 2013.
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Dec
Updated deposit rates are now available here. Rates are subject to change at short notice, so please contact us should you wish to confirm a specific rate. Our firm acts as a deposit agent for AIB, EBS, Investec, KBC Bank and PTSB. We are happy to facilitate deposits with these institutions.
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Dec
The 2013 budget was read to the Dail yesterday afternoon, with no great surprises this year. Total spending cuts of €2BN were announced, as was the expected property tax. New homes bought this year will be exempt from this tax for 4 years, as will any homes bought by first time buyers. It has been confirmed that the 0.6% pension levy …
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Sep
Updated deposit rates are now available here. As these rates are subject to change at short notice, pease contact us should you wish to confirm a specific rate. Our firm acts as a deposit agent for AIB Direct, EBS, Investec, KBC Bank and PTSB. We are happy to facilitate deposits with these institutions.
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Jul
July 2012 – Kleinworth Benson Investors have just produced a well balanced article about the ongoing Eurozone crisis. With their permission, the article is re-produced here in full. Needless to say, the future of the eurozone is a key issue for all investors. We think that there are three main “endgame” scenarios from here, each of which we explain below. …
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Jul
Equity markets rallied in June with all equity markets exhibiting positive returns. In a very eventful month the markets were mostly range bound until the announcement at the European Union summit meeting of the intention to create a single supervisory mechanism for banks and for the ESM to recapitalise banks directly; the latter clearly designed to separate bank debt from …
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Mar
Updated deposit rates are now available here. As these rates are subject to change at short notice, please contact us should you wish to confirm a specific rate. Our firm acts as a deposit agent for AIB, EBS, Investec, KBC Bank and PTSB. We are happy to facilitate deposits with these institutions.
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