Independent.ie - Personal Finance RSS Feed

    Government accused of watering down key measure to tackle insurance crisis


    A GROUP that lobbies for insurance reform has accused the Government of watering down legislative changes to stop claimants sidestepping the Personal Injuries Assessment...

    A GROUP that lobbies for insurance reform has accused the Government of watering down legislative changes to stop claimants sidestepping the Personal Injuries Assessment Board.
    'Vulture funds easier to deal with than the banks,' says minister

    'Vulture funds easier to deal with than the banks,' says minister


    A minister has defended the Government's hands-off approach to vulture funds, saying they are easier to deal with than...

    A minister has defended the Government's hands-off approach to vulture funds, saying they are easier to deal with than banks.
    Sinead Ryan: How to switch your mortgage and save money - without the fuss

    Sinead Ryan: How to switch your mortgage and save money - without the fuss


    The banks regularly and rightly get hammered over ripping off customers, but sometimes it’s the customers who can make better choices to save themselves...

    The banks regularly and rightly get hammered over ripping off customers, but sometimes it’s the customers who can make better choices to save themselves money.

    Irish retirees at risk of losing UK pension payments over Brexit


    Pension payments being made to thousands of people in this country are threatened by Britain’s plans to pull out of the European Union, it has...

    Pension payments being made to thousands of people in this country are threatened by Britain’s plans to pull out of the European Union, it has emerged.

    What's best way of helping grandchildren?


    Q I recently became the proud granddad of two grandchildren. What's the most tax-efficient way of me making a financial contribution to my grandchildren's future? I have in mind an annual contribution of a varying nature - depending on my future ability...

    Q I recently became the proud granddad of two grandchildren. What's the most tax-efficient way of me making a financial contribution to my grandchildren's future? I have in mind an annual contribution of a varying nature - depending on my future ability to do so. Michael, Co Kildare

    'Always aim to work in a job that you enjoy'


    Grainne O'Keeffe is head chef at Clanbrassil House and culinary director of the BuJo burger joint. She'll be appearing at the Big Grill Festival, a barbecue and craft beer festival taking place from August 16 to 19 at Herbert Park in...

    Grainne O'Keeffe is head chef at Clanbrassil House and culinary director of the BuJo burger joint. She'll be appearing at the Big Grill Festival, a barbecue and craft beer festival taking place from August 16 to 19 at Herbert Park in Dublin.

    Infrastructure equities make sense now - and in longer term


    Infrastructure has many appealing qualities as an asset class and is one of the fastest growing alternative asset classes. It is broken up into two types - listed and unlisted. Listed is holding the equity of an underlying infrastructure company while...

    Infrastructure has many appealing qualities as an asset class and is one of the fastest growing alternative asset classes. It is broken up into two types - listed and unlisted. Listed is holding the equity of an underlying infrastructure company while unlisted is investing capital in the actual infrastructure asset ie private equity. In our opinion the former is far more preferable. An infrastructure asset is usually some form of economic infrastructure - a port or airport, toll road, mobile or electricity network. Additional categories include social infrastructure and renewable energy assets.

    How to manage €13,000 bill for child's first year in university


    Parents of the 120,000 students who get their Leaving Cert results this Wednesday are facing a bill of as much as €12,800 to put their child through their first year in...

    Parents of the 120,000 students who get their Leaving Cert results this Wednesday are facing a bill of as much as €12,800 to put their child through their first year in college.
    Charlie Weston: Time for some real action to stop older people being ripped off for health insurance

    Charlie Weston: Time for some real action to stop older people being ripped off for health insurance


    We have been told again by the regulator for health insurance that older people are paying more than everyone else for their private health cover. This is scandalous and requires far more than some tut-tutting from the regulator, the Health Insurance...

    We have been told again by the regulator for health insurance that older people are paying more than everyone else for their private health cover. This is scandalous and requires far more than some tut-tutting from the regulator, the Health Insurance Authority (HIA).
    Sinead Ryan: How to keep flight costs down in the face of last minute fare hikes

    Sinead Ryan: How to keep flight costs down in the face of last minute fare hikes


    I had to make a last-minute trip abroad last week, just over and back quickly. I knew it would be more expensive than if I had the luxury of booking well in advance, but it was still a...

    I had to make a last-minute trip abroad last week, just over and back quickly. I knew it would be more expensive than if I had the luxury of booking well in advance, but it was still a shock.

    Couple offer up chance to win luxury six-bedroom mansion in raffle


    A couple have decided to raffle off their luxury six-bedroom mansion worth more than £5.25 (€5.8) million after failing to sell it in nine...

    A couple have decided to raffle off their luxury six-bedroom mansion worth more than £5.25 (€5.8) million after failing to sell it in nine months.

    Q&A: Others will fear legal action


    Q: Why is the leading representative body for credit unions suing one of its former...

    Q: Why is the leading representative body for credit unions suing one of its former members?
    Irish families pay among the highest energy bills in EU

    Irish families pay among the highest energy bills in EU


    Householders in Ireland are paying some of Europe's most expensive energy prices, official figures...

    Householders in Ireland are paying some of Europe's most expensive energy prices, official figures reveal.
    Generation resigned to never being able to buy own home

    Generation resigned to never being able to buy own home


    It has long been the Irish dream to own a home, but now almost one in six people is sceptical of the likelihood they'll ever achieve...

    It has long been the Irish dream to own a home, but now almost one in six people is sceptical of the likelihood they'll ever achieve it.
    Building costs rapidly rising to Celtic Tiger peak: surveyors

    Building costs rapidly rising to Celtic Tiger peak: surveyors


    Construction costs will surpass 2006 levels this year and are rapidly approaching the highest levels of the Celtic Tiger bubble, according to new figures from the Society of Chartered Surveyors Ireland...

    Construction costs will surpass 2006 levels this year and are rapidly approaching the highest levels of the Celtic Tiger bubble, according to new figures from the Society of Chartered Surveyors Ireland (SCSI).

    Fuel tax hike to push up household bills


    Householders face a rise in their fuel bills in the upcoming Budget after Taoiseach Leo Varadkar signalled plans to increase carbon...

    Householders face a rise in their fuel bills in the upcoming Budget after Taoiseach Leo Varadkar signalled plans to increase carbon tax.
    The renewed Gucci sparkle makes parent Kering shine

    The renewed Gucci sparkle makes parent Kering shine


    An 18th century English poet reckoned that fashion was 'Folly's child' and a 'guide to fools,' but he also believed that no one would pay the slightest attention to his wise...

    An 18th century English poet reckoned that fashion was 'Folly's child' and a 'guide to fools,' but he also believed that no one would pay the slightest attention to his wise words.

    Should I gift money to our children now?


    We are retired and fortunate to be on defined benefit pensions, but we also have about €500,000 in savings. We have two grown-up children in their late 20s and early 30s, one with a young family while the other has plans to start one at some...

    We are retired and fortunate to be on defined benefit pensions, but we also have about €500,000 in savings. We have two grown-up children in their late 20s and early 30s, one with a young family while the other has plans to start one at some point.

    Manhattan Island deal provides historic compound interest lesson


    Between 108th and 109th Street in East Harlem is the Peter Minuit playground. Every day after school, kids from the nearby primary school flow through the gates expending the last bit of energy they have left. They play on the swings, chase each other...

    Between 108th and 109th Street in East Harlem is the Peter Minuit playground. Every day after school, kids from the nearby primary school flow through the gates expending the last bit of energy they have left. They play on the swings, chase each other around the yard and descend the slide with glee. None of the children even give a fleeting thought about the historical figure the playground was named after.

    'Prices in Dublin pubs never fail to surprise me'


    Musician and Gaeilgeoir Doireann Ni Ghlacain is a new member of the presenting team of FleadhTV on TG4, which is broadcasting from the Fleadh Cheoil in...

    Musician and Gaeilgeoir Doireann Ni Ghlacain is a new member of the presenting team of FleadhTV on TG4, which is broadcasting from the Fleadh Cheoil in Drogheda.
    Karl Deeter: Insurance firms hit bum note with unfair refusal to cover transport for musicians

    Karl Deeter: Insurance firms hit bum note with unfair refusal to cover transport for musicians


    Sometimes I despair when I hear people talking about high premiums on car insurance. Because it's mandatory and you have to have it, the younger people usually have it worst and this is damaging to their ability to earn an income and...

    Sometimes I despair when I hear people talking about high premiums on car insurance. Because it's mandatory and you have to have it, the younger people usually have it worst and this is damaging to their ability to earn an income and save.

    Time to resolve unsustainable mortgages once and for all


    The Irish mortgage arrears crisis has had a profound impact on households, on bank lending and on society as a whole over the past...

    The Irish mortgage arrears crisis has had a profound impact on households, on bank lending and on society as a whole over the past decade.

    Take the heat off your energy bills by switching suppliers every year


    It's become a common refrain that when one domestic electricity or gas supplier raises its prices, nearly all the rest can be almost guaranteed to follow suit within a matter of days or...

    It's become a common refrain that when one domestic electricity or gas supplier raises its prices, nearly all the rest can be almost guaranteed to follow suit within a matter of days or weeks.

    Sinead Ryan: How to save money by holidaying close to home


    If only we'd known summer 2018 was going to be so nice, we could have saved loads of money on booking foreign...

    If only we'd known summer 2018 was going to be so nice, we could have saved loads of money on booking foreign holidays.
    One in five parents forced into debt to cover school costs

    One in five parents forced into debt to cover school costs


    Back-to-school costs are running well above the rate of inflation, despite a pledge by Education Minister Richard Bruton to ease the burden on...

    Back-to-school costs are running well above the rate of inflation, despite a pledge by Education Minister Richard Bruton to ease the burden on parents.

    Sale of home loans to vulture fund is 'news to me' – says Taoiseach


    TAOISEACH Leo Varadkar was unaware of the sale of more than 10,000 mortgages by State-controlled lender Permanent TSB as the controversial deal was...

    TAOISEACH Leo Varadkar was unaware of the sale of more than 10,000 mortgages by State-controlled lender Permanent TSB as the controversial deal was announced.

    AIB phone and internet customers in line for refund after bank error


    Around 85,000 AIB phone and internet banking customers are in line for a refund, having been impacted by a bank error in their loan top-up calculation, according to a report from...

    Around 85,000 AIB phone and internet banking customers are in line for a refund, having been impacted by a bank error in their loan top-up calculation, according to a report from Newstalk.

    'We should get paid double for work off stage'


    Niamh Marron is an award-winning comedian, writer, actress and photographer. She is the winner of UK reality show Show Me the Funny, a runner-up in the 'Funny Women Awards' in London and a finalist in the RTE New Comedy Awards. She has performed at the...

    Niamh Marron is an award-winning comedian, writer, actress and photographer. She is the winner of UK reality show Show Me the Funny, a runner-up in the 'Funny Women Awards' in London and a finalist in the RTE New Comedy Awards. She has performed at the SECC in Glasgow, Scotland and received four 'Yeses' on Britain's Got Talent. You can catch her this evening at the Vodafone Comedy Festival.
    Charlie Weston: Drivers paying €5bn price for being easy target for Government as fuel costs surge

    Charlie Weston: Drivers paying €5bn price for being easy target for Government as fuel costs surge


    Running a car is an expensive business in this country. And the bad news is that it costs more to keep the wheels on the road this year than it did last year. The increased cost may not be huge, but it is an increase...

    Running a car is an expensive business in this country. And the bad news is that it costs more to keep the wheels on the road this year than it did last year. The increased cost may not be huge, but it is an increase nonetheless.

    Refunds for drivers who pass their tests


    Q I read recently that young drivers will see a big decrease in premiums when they get their full licence. We are shopping around for a second-hand car for my son and he will take out his own policy on this. But his test is coming up in September. We are...

    Q I read recently that young drivers will see a big decrease in premiums when they get their full licence. We are shopping around for a second-hand car for my son and he will take out his own policy on this. But his test is coming up in September. We are hoping he will pass and if this happens I'm wondering if there is any way of getting some money back from the insurer for his cover on our policy?

    Feel free to roam - but do not lose yourself in the hidden fees


    If you're about to jet off to sunnier climes over the next few weeks, you should take a few minutes to check what the situation is regarding your mobile operator's roaming charges that might apply at your holiday...

    If you're about to jet off to sunnier climes over the next few weeks, you should take a few minutes to check what the situation is regarding your mobile operator's roaming charges that might apply at your holiday destination.

    'The best haggle I ever did was to get my wife' - celebrity chef Paul Treyvaud gives us a peak at his finances


    Paul Treyvaud is a well-known chef who recently secured a major deal with Amazon Prime. Under that deal, his nine-part cooking series, Treyvaud's Travels, will be streamed into millions of homes across the world. Treyvaud's Travels features him cooking...

    Paul Treyvaud is a well-known chef who recently secured a major deal with Amazon Prime. Under that deal, his nine-part cooking series, Treyvaud's Travels, will be streamed into millions of homes across the world. Treyvaud's Travels features him cooking at various Irish beauty spots.
    Compensation claims crisis: judges told to slash payouts

    Compensation claims crisis: judges told to slash payouts


    Judges have been told to sort out the compensation claims crisis - which would help lower insurance...

    Judges have been told to sort out the compensation claims crisis - which would help lower insurance premiums.
    Law approved to stop bypassing of injuries board

    Law approved to stop bypassing of injuries board


    The Cabinet has approved new legislation to stop claimants deliberately bypassing the Personal Injuries Assessment Board (PIAB) in a bid to have their cases heard in...

    The Cabinet has approved new legislation to stop claimants deliberately bypassing the Personal Injuries Assessment Board (PIAB) in a bid to have their cases heard in court.
    Rent sector watchdog 'needs more resources'

    Rent sector watchdog 'needs more resources'


    The State body charged with regulating the rental market has signalled it does not yet have the capacity to take on new and improved powers to investigate rogue...

    The State body charged with regulating the rental market has signalled it does not yet have the capacity to take on new and improved powers to investigate rogue landlords.
    Number drawing down a mortgage jumps

    Number drawing down a mortgage jumps


    The number of people drawing down a mortgage has jumped as house-building activity has...

    The number of people drawing down a mortgage has jumped as house-building activity has increased.
    Mortgage lending on track to grow 20pc in 2018

    Mortgage lending on track to grow 20pc in 2018


    Strong remortgaging and first-time buyer activity suggests that gross mortgage lending is on track to grow 20pc in 2018, according to Dermot O’Leary, chief economist at...

    Strong remortgaging and first-time buyer activity suggests that gross mortgage lending is on track to grow 20pc in 2018, according to Dermot O’Leary, chief economist at Goodbody.

    Watchdog bids to hold bankers personally responsible


    The Central Bank is seeking new legislative powers to make individuals in banks responsible for their...

    The Central Bank is seeking new legislative powers to make individuals in banks responsible for their decisions.

    How to negotiate pay for three-day week


    Q: I have three young children and am finding it very difficult to hold down my full-time job. I am considering moving to a three-day week and my boss appears to be open to this. How exactly should I negotiate pay for a three-day week? Should I seek to...

    Q: I have three young children and am finding it very difficult to hold down my full-time job. I am considering moving to a three-day week and my boss appears to be open to this. How exactly should I negotiate pay for a three-day week? Should I seek to be paid on a pro-rata basis - where I get three-fifths of my pay to reflect the three-day week? And is it wise to let my pay sink so low under a three-day week?
    Now is the time to overcome our fear of financial firms and demand better deals

    Now is the time to overcome our fear of financial firms and demand better deals


    The tendency for people to turn their backs on good-value deals is nothing if not extraordinary. Energy supply, mortgages and motor insurance are just three areas where consumers are inclined to opt for bad...

    The tendency for people to turn their backs on good-value deals is nothing if not extraordinary. Energy supply, mortgages and motor insurance are just three areas where consumers are inclined to opt for bad deals.

    Firms need 'flexible' approach on housing


    Global tech companies expanding in Ireland should be "less single-location-centric" to overcome a growing housing and accommodation squeeze for workers, according to Aongus Hegarty, president of Dell EMC...

    Global tech companies expanding in Ireland should be "less single-location-centric" to overcome a growing housing and accommodation squeeze for workers, according to Aongus Hegarty, president of Dell EMC EMEA.
    Plans lodged for almost 800 homes in west Dublin

    Plans lodged for almost 800 homes in west Dublin


    The new west Dublin suburb of Hansfield could get a big increase in housing supply, with developers seeking permission for almost 800 residential...

    The new west Dublin suburb of Hansfield could get a big increase in housing supply, with developers seeking permission for almost 800 residential units.

    'Forever renters' facing poverty and homelessness in retirement


    A growing number of Irish people are facing an uncertain future and a risk of poverty in retirement - because they may have to rent for the rest of their...

    A growing number of Irish people are facing an uncertain future and a risk of poverty in retirement - because they may have to rent for the rest of their lives.
    House price surge is no longer driven by the capital

    House price surge is no longer driven by the capital


    Areas outside of Dublin are now driving massive property price growth with some locations seeing annual rises of over...

    Areas outside of Dublin are now driving massive property price growth with some locations seeing annual rises of over 20pc.

    Driving a hard bargain on your first car


    Getting on the road is harder than ever for young drivers. Whether it's the cost of insurance - which is set to rise with yet another levy - or trying to find a car you can afford, along with tax, NCT, servicing costs and rising fuel prices, it can be...

    Getting on the road is harder than ever for young drivers. Whether it's the cost of insurance - which is set to rise with yet another levy - or trying to find a car you can afford, along with tax, NCT, servicing costs and rising fuel prices, it can be tempting to punt for an online 'bargain' or an import from the UK.
    Switching career to journalism means I pay €600 more a year for cover

    Switching career to journalism means I pay €600 more a year for cover


    Switching careers from law to journalism was the best life decision I ever made – but one I sincerely regret when it comes to paying my car...

    Switching careers from law to journalism was the best life decision I ever made – but one I sincerely regret when it comes to paying my car insurance.
    Cerberus withdraws from home loan deals

    Cerberus withdraws from home loan deals


    Cerberus's appetite for soured Irish home loans has come under scrutiny after the US private equity giant withdrew recently from Permanent TSB's €2.2bn portfolio of non-performing residential...

    Cerberus's appetite for soured Irish home loans has come under scrutiny after the US private equity giant withdrew recently from Permanent TSB's €2.2bn portfolio of non-performing residential mortgages.
    Carney may give sterling lift as dollar's influence wanes

    Carney may give sterling lift as dollar's influence wanes


    The euro has been moving in lockstep with the pound for months amid a dominant strong-dollar theme. That may be about to...

    The euro has been moving in lockstep with the pound for months amid a dominant strong-dollar theme. That may be about to change.
    Revealed: Government spent €1bn of taxpayers' money on private-sector homes

    Revealed: Government spent €1bn of taxpayers' money on private-sector homes


    The Government has been accused of exacerbating the country's housing crisis by buying private sector homes rather than building social housing to address the supply...

    The Government has been accused of exacerbating the country's housing crisis by buying private sector homes rather than building social housing to address the supply shortage.

    Private markets may be alternative for stock exchange investors


    Stock market gains since the depths of the global financial crisis in 2009 have been remarkable. While any number of positive economic and corporate factors suggest further gains should be expected from stock markets, two long-held principles of...

    Stock market gains since the depths of the global financial crisis in 2009 have been remarkable. While any number of positive economic and corporate factors suggest further gains should be expected from stock markets, two long-held principles of investing need to be remembered.

    Backbench TD does himself no favours taking compensation claim for a 'very minor' injury


    Predictably, there has been a backlash against the whiplash claim made by Fine Gael TD Alan Farrell. The Dublin Fingal politician was awarded €2,500 in damages following a collision with a rental van that left him with "very minor" injuries, according...

    Predictably, there has been a backlash against the whiplash claim made by Fine Gael TD Alan Farrell. The Dublin Fingal politician was awarded €2,500 in damages following a collision with a rental van that left him with "very minor" injuries, according to the judge.

    What Irish consumers will be paying more for this year (and how we can save a few cents)


    The coming months and year could become even more expensive for Irish consumers as Brexit and the prospect of a global trade war threaten to push up prices. Consumers could be hundreds - if not thousands - of euro a year worse off as...

    The coming months and year could become even more expensive for Irish consumers as Brexit and the prospect of a global trade war threaten to push up prices. Consumers could be hundreds - if not thousands - of euro a year worse off as result.

    Impact of missing receipts on tax bill


    Query: My husband and I bought a small derelict cottage as a holiday home in 1982 and spent about €75,000 between the purchase price and renovation. We are now selling it for €135,000 and buying another holiday home closer to our primary residence....

    Query: My husband and I bought a small derelict cottage as a holiday home in 1982 and spent about €75,000 between the purchase price and renovation. We are now selling it for €135,000 and buying another holiday home closer to our primary residence. As it was never our intention to sell, we did not retain the vast majority of the relevant receipts and we are now wondering how our Capital Gains Tax (CGT) liability would be calculated. Any advice would be gratefully appreciated. Mary, Douglas, Co Cork
    Homeowners crippled by highest rates in eurozone

    Homeowners crippled by highest rates in eurozone


    Homebuyers are paying thousands of euro more a year for their loans than people on the...

    Homebuyers are paying thousands of euro more a year for their loans than people on the continent.

    Blow up your tent, not your budget


    If you're holidaying at home this year, the fine weather we've been enjoying is likely to have whetted your appetite for the outdoor...

    If you're holidaying at home this year, the fine weather we've been enjoying is likely to have whetted your appetite for the outdoor life.
    Prices rise but Irish economy to outpace rest of EU

    Prices rise but Irish economy to outpace rest of EU


    Rises in the cost of energy, petrol and diesel, along with higher prices of some groceries, have pushed up the rate of...

    Rises in the cost of energy, petrol and diesel, along with higher prices of some groceries, have pushed up the rate of inflation.
    Laya Healthcare to offer 24/7 mental wellbeing support

    Laya Healthcare to offer 24/7 mental wellbeing support


    LAYA Healthcare is offering mental health assistance to individual members, in a move that is likely to be replicated by other...

    LAYA Healthcare is offering mental health assistance to individual members, in a move that is likely to be replicated by other providers.
    Saving early in career 'can lead to fivefold pension boost'

    Saving early in career 'can lead to fivefold pension boost'


    PEOPLE who start saving for a pension soon after starting work end up with multiples more in their retirement pots compared with those who leave it late in their working...

    PEOPLE who start saving for a pension soon after starting work end up with multiples more in their retirement pots compared with those who leave it late in their working lives.