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Irish have no spare cash to put into savings

One in three Irish adults are unable to save because they have no spare cash. And many of those who are saving feel they are not putting enough money aside, according to the Nationwide UK (Ireland) Savings Index.

Q&A: Can I still claim relief on rental property?

No new investment after July 2008 qualifies for relief under Countrywide Refurbishment scheme. Having inherited a house in very poor condition I had it refurbished and rented it out, claiming tax relief under the Countrywide Refurbishment Scheme. The relief is […]

Home insurance policies could be next for a hike this year

There is every likelihood that homeowners will be hit with higher premiums for home insurance this year. The insurers have their excuse in the form of higher costs for rebuilding a property in the event of a fire or some […]

Using life insurance to beat inheritance tax

If you stand to inherit property or assets from parents but are worried about getting caught in the current inheritance tax ‘trap’, a life insurance policy might be an effective way to avoid paying the full whack. Over the last […]

AIB blasts Citibank in $500m case linked to rogue trader

Allied Irish Banks has lashed out at Citibank’s latest efforts to derail a $500m (€458m) lawsuit launched over a decade ago after rogue trader John Rusnak racked up $691m of losses at former AIB subsidiary Allfirst. AIB claims that Citibank […]

Growth in services sector reaches a nine-year high

Growth in the country’s services reached a nine-year high in July, marking three years of unbroken expansion as new business rose to levels last seen a decade and a half ago, a survey has shown. Ireland’s economy grew by 6.5pc […]

500 jobs targeted at Ireland’s first rural digital hub

Work is due to start on a new high-speed digital hub in Skibbereen in Cork, where it is hoped that 500 new jobs will be created over the next five years. The 10,000 sq ft hub, which was officially launched […]

AIB to cut standard variable rate to 3.65pc for all customers, makes €1.2bn profit

Allied Irish Banks has announced that it will cut its standard variable mortgage rate for both new and existing AIB customers by 0.25pc to 3.65pc. The reduction will come into effect during October. It will save customers on a €200,000 […]

Fewer mortgages being issued to ‘movers’

Data from Banking and Payments Federation Ireland (BPFI) shows how Central Bank lending rules appear to be having an impact. The figures show how much is being lent by the main banks for house purchases, and a slowdown in the […]

State is on course for balanced budget ahead of its 2019 target

A balanced budget could be on the cards ahead of the 2019 target after new figures showed that the State’s finances are in increasingly good shape. The closely watched Exchequer deficit fell to €647.5m in the first seven months of […]

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