Covermore Financial Broker

Big jump in mortgage drawdowns as approvals also leap Drawdowns rise 45.4% in volume terms in second quarter and by 52.5% in value

Will the housing crisis prove the undoing of this Government? As the smoke begins to clear from the havoc wreaked by the pandemic, the provision of housing will more and more take centre stage, with a huge mountain to climb before we get to a situation where supply comes even close to meeting demand.

Pension reform throws harsh light on Irish retirement savings Ireland has too many small pension funds with high costs, run by amateur trustees

First Time Buyer Crisis & Government response.

Taoiseach Micheál Martin has said the Government regards the issue of housing as its "number one priority" and that it will be doing everything it possibly can to provide housing for people.

Mr Martin said the country needs to get supply up, and that the Government has committed to the largest social housing programme in the history of the State.Mr Martin said that over the next five years over 50,000 social housing units will be built.

The Taoiseach added that the Government needs to do more in providing affordable housing and to give first-time buyers priority in the marketplace. This is stating the obvious and coming from the leader of the government which provides the tax breaks and incentives that encourage institutional investors in the housing market and have done for many years.

The housing crisis is not a recent crisis but now it is now centrestage and decisions need to be made and not just talked about. To read more join our groups......... First Time Buyer Dublin
First Time Buyer Ireland, Mortgage Advice In Ireland

𝗣𝗲𝗻𝘀𝗶𝗼𝗻𝘀 - 𝗥𝗲𝗱𝘂𝗰𝗲 𝘆𝗼𝘂𝗿 𝗧𝗮𝘅 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆.

𝗤: 𝗪𝗵𝗮𝘁 𝗧𝗮𝘅 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗮𝗿𝗲 𝘁𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘀𝗲𝗹𝗳-𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗱 𝗽𝗮𝘆𝗶𝗻𝗴 𝗶𝗻𝘁𝗼 𝗮 𝗽𝗲𝗻𝘀𝗶𝗼𝗻?

A: The good thing about pension contributions for self-employed people is that you can reduce your tax bill for the previous year, and in doing so also reduce the preliminary tax for the current year. If the actual tax bill you have for 2020 is reduced, your preliminary tax bill for 2021 is also reduced, so that’s a double benefit when you are starting a pension.
Pensions & Auto-Enrolment Ireland

Bank refuses to release mortgage for woman deemed at higher Covid risk Woman says she is being penalised for being overweight following the birth of her child

𝗪𝗶𝗹𝗹 𝘆𝗼𝘂 𝗹𝗼𝘀𝗲 €𝟯𝟴,𝟳𝟯𝟱 𝗮𝗻𝗱 𝗻𝗼𝘁 𝗯𝗮𝘁 𝗮𝗻 𝗲𝘆𝗲𝗹𝗶𝗱 ?

The retirement age for the state pension has been moved from 65 to 66 years of age .It will move to 67 years of age in the next year or two and is planned to be 68 years of age in 2028. If you were born after 1961 you could lose 3 years pension entitlement.

100,000 people protested about water charges but nobody protested about this change to your entitlement. Does this worry you ? Contact us for FREE advice about your pension or retirement plans.
Covermore Financial Broker

𝗕𝗔𝗡𝗞𝗦 𝗧𝗢 𝗖𝗛𝗔𝗥𝗚𝗘 𝗡𝗘𝗚𝗔𝗧𝗜𝗩𝗘 𝗜𝗡𝗧𝗘𝗥𝗘𝗦𝗧 𝗥𝗔𝗧𝗘𝗦 𝗢𝗡 𝗣𝗘𝗡𝗦𝗜𝗢𝗡 𝗖𝗔𝗦𝗛
𝗜𝘀 𝘆𝗼𝘂𝗿 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗲𝗱 𝗵𝗲𝗮𝘃𝗶𝗹𝘆 𝗶𝗻 𝗰𝗮𝘀𝗵 ? 𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 ?
𝗜𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗰𝗼𝗻𝗰𝗲𝗿𝗻𝗲𝗱 𝗼𝗿 𝘄𝗼𝘂𝗹𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗳𝗶𝗻𝗱 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝗳𝗼𝗿 𝗙𝗥𝗘𝗘 𝗮𝗱𝘃𝗶𝗰𝗲 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗽𝗲𝗻𝘀𝗶𝗼𝗻.

Many pension fund holders are likely to face a hit to their savings in the near future following a move by Bank of Ireland to impose negative interest rates on cash it holds on deposit from a number of investment and pension trustee firms from the 15th September 2020. This is a move which more banks will follow in due course.