Pension Fund Levy – Further Update Despite fierce opposition and much criticism, the Finance Bill (No.2) 2011 was passed into law on 22nd June last. This bill provides the legislation for the introduction of the levy on pension schemes announced in the recent Jobs Initiative. Key Points: A levy of 0.6% on the market value of pension assets under management, to raise €470 …
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Jun
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 Anglo Irish Bank, EBS, Investec, KBC Bank and PTSB. We are happy to facilitate deposits with these institutions.
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Jun
11
May
The Government last night announced a levy of 0.6% of the market value of private pension funds. This is intended to raise €470 million this year for the exchequer, and the scheme is intended to run for 4 years from 1st January 2011. The levy will apply to occupational pension schemes, personal pensions and PRSA’s. The levy does not apply to public service pensions. …
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Apr
Global equity markets were shaken by the civil unrest in Libya and the Middle East and the massive natural disaster that hit Japan during March. Markets sold off strongly in the first half of the month before rebounding towards month end with the MSCI World Index returning -3.6% over the month in Euro terms. Japan was unsurprisingly the worst performing …
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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 Anglo Irish Bank, EBS, Investec, KBC Bank and PTSB. We are happy to facilitate deposits with these institutions.
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Jan
December was another good month for global equities and brought an end to a very strong year of performance for global equity markets. The MSCI World Index gained 20.1% over the year in Euro terms with an 11% gain in Quarter 4 alone. In Ireland, 2010 may not have felt like such a positive year, especially for investors focused solely on …
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Dec
Good evening – a quick summary of the budget is below. We will no doubt be writing more about this subject in the coming days and weeks! Income Tax · Tax Credits reduced by 10% · Reduction of tax bands by 10% · A step towards a universal social contribution paid by all workers Ø by abolishing income levy and …
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Dec
Eoin Fahy, Chief Economist with Kleinworth Benson Investors has produced an excellent summary of the recently announced EU/IMF support package. With his kind permission, it’s reproduced below. Last night’s announcement of the details of the EU / IMF support package contained some elements that were as expected, but others that were genuinely surprising. The key issue now is the reaction of depositors. Key …
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Nov