Ask About Wealth

Book a 1:1 Consultation & Financial Plan With Paul https://askaboutwealth.ie/consultancy In this episode, we provide a checklist of actions business owners and individuals can take before December 31, 2025, to maximise tax benefits. Key topics include clearing out company profits, utilising tax credits and allowances, maximising contributions to retirement schemes, and understanding the implications of capital gains tax and EIIS investments. Learn practical tips for leveraging pension contributions, tax-efficient bonuses, subsistence allowances, and tax loss harvesting. This guide offers valuable insights to help you minimise tax liabilities and optimise financial planning for the future. 00:00 Introduction: Maximising Your Tax Benefits 00:26 Clearing Out Your Profit: Why and How 05:23 Utilising Small Benefit Exemptions (SBE) 08:13 The Power of Pensions 13:51 Understanding Subsistence Allowances 19:02 Capital Gains Tax: What You Need to Know 23:50 Employment Investment Incentive Schemes (EIIS) 26:42 Conclusion: Effective Tax Planning Hosted on Acast. See acast.com/privacy for more information.

Book a 1:1 Consultation & Financial Plan With Paul https://askaboutwealth.ie/consultancy Get Unbiased Property Guidance and a Free Mortgage Consultation https://linktr.ee/ask.about.property This week, we're joined once again by Aidan McLoughlin, Group Managing Director of ITC, to discuss the upcoming changes to pensions in Ireland and to help you better navigate these Changes. We discuss the significant recent change announced on August 15, which restricts transfers out of pension schemes post-normal retirement age (NRA), leading to lost benefits for members unaware of the change. Aidan also sheds light on the importance of seeking independent financial guidance to maximise pension benefits. This episode is a must-watch for anyone looking to optimise their pension schemes and stay informed about market changes. Hosted on Acast. See acast.com/privacy for more information.

Book a 1:1 Consultation & Financial Plan With Paul https://askaboutwealth.ie/consultancy Get Unbiased Property Guidance and a Free Mortgage Consultation https://linktr.ee/ask.about.property You can contact Jacquelyn and learn more about The Journey here: https://thejourney.ie/ In this episode, we are delighted to welcome Jacquelyn Dunne, solicitor at Dunne Solicitors and the creator of The Journey. Join us as we discuss the importance of having a will, explain who inherits what under intestacy laws, and the consequences of not having proper succession planning in place. Hosted on Acast. See acast.com/privacy for more information.

Book a 1:1 Consultation & Financial Plan With Paul https://linktr.ee/askaboutwealth Get Unbiased Property Guidance and a Free Consultation https://linktr.ee/ask.about.property You can learn more about Gavin here: https://gavinjgallagher.com/ In this episode of the Ask About Wealth Podcast, we welcome back Gavin J Gallagher, a seasoned property investor, coach, and mentor, as well as the presenter of the Behind the Facade podcast. We discuss significant changes coming to the property market, including the impact of the nationwide Rent Pressure Zone system, challenges for landlords, and upcoming regulations affecting property investments. Hosted on Acast. See acast.com/privacy for more information.

Book Your 1:1 Consultation & Financial Plan https://linktr.ee/askaboutwealth Get Unbiased Expert Property Guidance https://linktr.ee/ask.about.property You can learn more about Michael and the F.I.R.E. movement here https://www.firepodcast.ie/ In this episode of the Ask About Wealth Podcast, we welcome Michael Houghton, a prominent figure in the FIRE (Financial Independence Retire Early) movement. Michael shares his personal journey to becoming financially independent through strategic saving and investing. He talks about initial struggles, learning about financial independence, avoiding lifestyle inflation, and the role of property investments. Michael also discusses the importance of financial education, the pitfalls of bad advice, and how to balance work, life, and financial goals. Hosted on Acast. See acast.com/privacy for more information.

Book Your 1:1 Consultation & Financial Plan https://linktr.ee/askaboutwealth Get Unbiased Expert Property Guidance https://www.askaboutproperty.ie/ Understanding the Employment Investment Incentive Scheme (EIIS) In this episode of the Ask About Wealth podcast we discuss the Employment Investment Incentive Scheme (EIIS). We delve into what EIIS tax breaks entail, the varying rates of tax relief, and the intricacies of investing in EIIS funds. This episode provides essential insights for investors looking to make informed decisions about EIIS investments and understand the broader implications of such schemes. Hosted on Acast. See acast.com/privacy for more information.

Book Your 1:1 Consultation & Financial Plan https://linktr.ee/askaboutwealth Get Unbiased Expert Property Guidance https://www.askaboutproperty.ie/ In this episode of the Ask About Wealth Podcast, we dive into the 2026 budget with a focus on high earners and business owners. Key topics include income tax, changes to entrepreneurial relief, updates on research and development allowances, deemed disposal rates, and benefits of electric vehicles (EVs). We also discuss the impact of VAT rate changes on the hospitality sector. Learn how these aspects of the budget will affect your financial planning and wealth accumulation. Stay informed and discover legitimate ways to reduce your tax liabilities! Hosted on Acast. See acast.com/privacy for more information.

In this episode, we delve into the 3 worst historical budget decisions and the 3 best, we also look at current opportunities that came out of past budgets are still available. Discover how these decisions have shaped the economy and what lessons they provide for future budget considerations. 00:00 Introduction to the Irish Budget 00:26 Historical Budget Highlights 00:39 Top Three Budget Rules and Regulations 03:02 Impact of Tax Incentives on Property Development 05:55 Special Savings Investment Accounts 08:05 The Worst Budget Decisions 14:47 Current Tax Concessions and Future Planning 16:11 Conclusion and Upcoming Content Subscribe to stay updated on the latest budget news and insights. 🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth 📱 Book a 1-1 consult & financial plan 🔑 Join the Masterclass ✉️ Join the newsletter https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Navigating Ireland's Most Unfair Tax: 9 Strategies to Minimise Inheritance and Gift Tax In this episode of the Ask About Wealth podcast, we delve into the complexities of Ireland's inheritance and gift tax, detailing its history, current rates, and thresholds. We explain why this tax is considered unfair and higher than ever, largely due to thresholds that haven't kept pace with inflation. Moreover, we highlight nine legitimate methods to avoid or minimise this tax, including key reliefs such as Dwelling House Relief, Agricultural Relief, and Business Assets Relief. Additionally, we cover Section 72 insurance policies to manage tax liabilities efficiently. Tune in to learn how effective financial planning can significantly reduce your tax burden. 🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth 📱 Book a 1-1 consult & financial plan 🔑 Join the Masterclass ✉️ Join the newsletter 🎙️ Listen to the pod https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode, we explore the essential steps for high earners in Ireland to transform their income into lasting wealth. This comprehensive guide is aimed at helping you achieve the best financial outcome for your unique circumstances, with practical insight and strategies tailored for high earners. 🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth 📱 Book a 1-1 consult & financial plan 🔑 Join the Masterclass ✉️ Join the newsletter 🎙️ Listen to the pod https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Are you interested in securing a mortgage for an investment property with a premium broker? Ask About Wealth has partnered with several of Ireland's top brokers. If you'd like to be introduced to one, you can submit a request here: https://xep6a7it4qk.typeform.com/to/M04SxRkt In this episode, we explore how property investment has historically been a major wealth creator in Ireland and its potential to continue this trend in the future. Analysing recent data from the Central Bank of Ireland, we examine the substantial rise in property values and rental yields over the past decade. The video offers actionable guidance on understanding the true costs of property investment and the impact of different financing methods, cash, buy-to-let mortgages, and equity release on returns. Additionally, tax considerations and the benefits of investing through a pension fund are discussed to guide you in making informed property investment decisions. 🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth 📱 Book a 1-1 consult & financial plan 🔑 Join the Masterclass ✉️ Join the newsletter 🎙️ Listen to the pod https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Are you about to overpay your taxes… again? Every year, Irish taxpayers leave €400 million in unclaimed reliefs behind them. And no, it’s not because they’re lazy. It’s because their accountants aren’t telling them about the biggest legal tax breaks available. Not because accountants are bad people, but because their job is to look backwards and file your taxes, not to look forwards and minimise them. In this week’s Ask About Wealth episode, we break down 3 powerful, legal strategies that could slash your tax bill in 2025. If you’re a business owner or high earner, these are worth thousands every year\ Note: There are visual aids in this episode, so you might prefer to watch this one on YouTube - https://www.youtube.com/watch?v=kmf_Y3Cx6ns 🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth 📱 Book a 1-1 consult & financial plan 🔑 Join the Masterclass ✉️ Join the newsletter 🎙️ Listen to the pod https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Most property investors in Ireland are leaving thousands of euros on the table. In this episode of Ask About Wealth, Paul sits down with Philip O’Connor, Managing Director of CA Partners, a specialist in capital allowances for property investors and businesses. Philip reveals how Irish taxpayers, individuals, landlords, and business owners are missing out on legitimate tax relief simply because they don’t know it exists or lack the right expertise to claim it. ✅ What capital allowances are and why they matter ✅ Why most accountants don’t identify all the allowances you’re entitled to ✅ How you can retroactively claim allowances for up to 4 years and get cash refunds from Revenue ✅ The kind of properties and expenses that qualify ✅ Two real client examples where missed claims turned into tens of thousands in savings 00:00 Introduction to the Ask About Wealth Podcast 00:29 Meet Philip O'Connor: Capital Allowances Specialist 02:02 Understanding Capital Allowances 02:26 Types of Capital Allowances 04:15 Claiming Capital Allowances: Process and Benefits 08:11 Missed Opportunities and Retroactive Claims 13:32 Detailed Breakdown of Property Purchases 22:41 Client Case Study: Rental Properties 23:25 Analysing and Correcting Tax Claims 24:22 Significant Tax Savings for Clients 29:04 The Importance of Specialist Expertise 36:31 The Role of Revenue in Tax Claims 40:46 Encouraging Property Owners to Claim Allowances If you own an investment property, are developing or refurbishing a building, or have spent serious money on your business premises, you’re probably entitled to more tax relief than you think. This episode could put money back in your pocket. Join The Masterclass: https://askaboutwealth.ie/MasteringYourFinances Ask About Wealth helps Ireland’s high earners preserve and grow wealth: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Should You Repay Your Mortgage Early? The Pros & Cons Explained. In this episode, we delve into the question of whether you should repay your mortgage early. With recent statistics showing substantial mortgage debt in Ireland, we examine the pros and cons of early repayment versus investing the money. Utilising real-life examples and detailed calculations, we compare the financial and emotional impacts of both strategies. From guaranteed returns and peace of mind to opportunity costs and investment returns, this comprehensive guide will help you make an informed decision based on your financial priorities and risk appetite. Join The Masterclass: https://askaboutwealth.ie/MasteringYourFinances Ask About Wealth helps Ireland’s high earners preserve and grow wealth: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth , Paul tackles one of the most misunderstood yet life-changing ideas in finance: the FIRE movement, Financial Independence, Retire Early. With just 3% of Irish people believing they can retire by 55, Paul explores why the majority are stuck in the rat race and how you can break free. Learn how to calculate your financial freedom number, avoid the traps set by biased financial advice, and understand the real impact of tax and fees on your wealth. This episode offers a clear, actionable roadmap to becoming financially free, even if you’re starting late. Key Takeaways: The 5 essential questions you must answer to calculate your “freedom number” How tax and fees silently erode your wealth, and how to stop it Why investing through a pension can double your return vs. doing it personally How starting early (like Alex) can shave 10+ years off your working life Why most financial advice is biased, and what impartial advice really looks like You can use the Financial Freedom calculator here: https://askaboutwealth.ie/tools/financial-freedom-calculator Join The Masterclass: https://askaboutwealth.ie/MasteringYourFinances Ask About Wealth helps Ireland’s high earners preserve and grow wealth: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth , Paul sits down with Andrea McNamara, Director, Private Client Law at EY Ireland, to dissect the real-life pitfalls of inheritance planning in Ireland. From outdated wills to misunderstood tax implications. When and how wills can be legally challenged Common clauses that sound good but can cause major problems later How trusts and family partnerships can be powerful tools in legacy planning Why high-net-worth families often need a more sophisticated structure than just a will If you want to understand inheritance tax in Ireland, then this episode is essential listening. Join The Masterclass: https://askaboutwealth.ie/MasteringYourFinances Ask About Wealth helps Ireland’s high earners preserve and grow wealth: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Using a cautionary tale from the Celtic Tiger days and hard-earned experience, Paul exposes how biased information leads to poor decisions, and why impartial guidance is rarer (and more valuable) than most people realise. Key Takeaways: The costly Budapest property story every investor should hear How to tell if your financial advice is truly independent Why even factually correct information can still mislead The one rule Ireland’s wealthy follow, and you should too If you want to make smarter, more informed financial decisions, without getting sold to then this episode is essential listening. Join The Masterclass: https://askaboutwealth.ie/MasteringYourFinances Ask About Wealth helps Ireland’s high earners preserve and grow wealth: https://linktr.ee/askaboutwealthJoin the Masterclass: Hosted on Acast. See acast.com/privacy for more information.

In this episode, Paul sits down once again with Aidan McLoughlin, Group Managing Director of ITC, to discuss how pensions can be used far beyond traditional retirement saving, as powerful tools for long-term wealth accumulation, tax sheltering, property investment, and legacy planning. They also dig into Malta-based retirement structures, why more Irish clients are using them, and how they can legally reduce tax and increase flexibility. Some episode highlights: •The overlooked tax and asset protection benefits of private pension structures •How Irish pension rules compare to Malta’s, and why flexibility matters •Pension borrowing, non-recourse lending, and property investing within your fund •The mistake in pension death benefits most people don’t see coming •Why early pension planning is now more crucial than ever This is a must-listen for entrepreneurs, consultants, and professionals looking to preserve wealth, protect family assets, and retire on their own terms. Join The Masterclass: https://askaboutwealth.ie/MasteringYourFinances Ask About Wealth helps Ireland’s high earners preserve and grow wealth: https://linktr.ee/askaboutwealthJoin the Masterclass: Hosted on Acast. See acast.com/privacy for more information.

In this episode, Paul talks with private equity expert Kevin MacSweeny about how entrepreneurs can release equity, unlock value, and scale their businesses. Without losing control. Key takeaways: Why equity release can help founders de-risk and still double or triple their business The difference between working in the business vs. on the business, and why it matters Why minority equity stakes don’t mean minority control (if structured properly) How private investors access deals with real ownership and alignment, not just products What kind of businesses attract private equity: the numbers, the mindset, and the journey Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Sole Trader vs. Partnership vs. Limited Company: Which is Best for Your Business in Ireland? In this video, we delve into the three primary business structures in Ireland. Sole tradership, partnership, and limited companies. We explore the tax implications, risks, and wealth creation potential associated with each structure. Learn why limited companies often offer superior tax benefits and greater asset protection. If you're deciding on the best structure for your business, this video provides essential insights to help you make an informed choice. Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Markets are down, headlines are panicking, but should you be? In this episode, Paul explains why most investors worry at exactly the wrong time and how to stay calm, rational, and profitable when markets drop. 💡 You’ll learn: - Why "you haven’t lost money" unless you sell - How pensions = stock market exposure (whether you realise it or not) - The truth about lifestyle funds and automatic sell signals - Why capitalism is built to boom and bust - The McIlroy mindset every long-term investor needs If you’re invested in the stock market directly or through a pension this is essential listening. Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This Week on the Ask About Wealth Podcast Not all investments are created equal, and not all of them should do the same job. In this episode, Paul breaks down the real reason most people mess up their investment strategy, and how to avoid it with the core and satellite approach . 💡 You’ll learn: Why your investment objectives matter more than your attitude to risk How to separate financial freedom assets from surplus assets The mistake of drawing income from growth-focused investments Why the financial industry’s idea of “risk” is actually just volatility How to match the right asset class to the right goal, using decades of history, not guesswork This is essential listening if you’re building, protecting, or passing on serious wealth. Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This week on the Ask About Wealth Podcast we sit down with international tax strategist Peter Ferrigno to unpack the misunderstood world of tax residency and citizenship by investment and how the right move at the right time could legally save you millions. In this episode: 🔹 Why residency planning matters long before a liquidity event 🔹 The truth about “Golden Visas” and how they really work 🔹 How to legally reduce (or eliminate) tax on capital gains, pensions, or dividends 🔹 The biggest misconceptions about becoming tax resident abroad 🔹 How high-income earners can access EU or global residency from €250K This episode is a must-listen for anyone considering selling a business, relocating, or building global wealth intelligently. You can get in contact with Peter directly here: https://www.instagram.com/peter.ferrigno/ Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This week on the Ask About Wealth Podcast we’re joined by property investor and educator Gavin J. Gallagher, who went from a €60M fortune to -€16M debt, and rebuilt. This is a rare look inside the mindset, mistakes, and learnings of someone who has truly been through it all. In this episode: 🔹The mindset traps that lead investors to over-leverage and under-think 🔹The 4 key forces that impact every investor, and how to manage them 🔹When (and how) to use leverage, structure, and private capital in property 🔹Why most people get property due diligence completely wrong Essential listening for anyone serious about building wealth through property, and keeping it. You can learn more about Gavin's coaching business here: https://www.elitepropertyaccelerator.com/ You can follow him on YouTube here: https://www.youtube.com/@behindthefacade Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, we delve into the much-asked question: Should you borrow to create wealth? The straightforward answer depends on a thorough analysis of the costs involved, which are far more than just the interest rate. The video explores various costs including APR (Annual Percentage Rate), application fees, insurance, tax implications, and the time value of money. It emphasizes the importance of understanding all these factors to ensure that the return on investment outweighs the total cost of finance. Should You Borrow to Create Wealth? Understanding the True Costs of Borrowing Breaking Down Additional Costs The Impact of Taxes and Time Value of Money Making Informed Decisions Ask about wealth helps Ireland’s high earners preserve and grow wealth. https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.