News Tips & Ideas

Maximising your pension contributions in Ireland is a great way to provide you with an appropriate income for your retirement while minimising your tax bills. Indeed, it helps you invest a suitable amount of money into your pension and allows you to save money on...

In Ireland, gifting money to your loved ones is pretty easy, but it’s important to bear in mind that some gifts might be taxable.  Irish gift tax or inheritance tax is called Capital Acquisitions Tax or CAT and is payable by the person who is receiving the gift. When...

No matter what your financial situation is, knowing where your money is going each month is essential. Having a budget helps you be more in control of your finances and let you save money in the short and long term.  Here is how you can budget your money easily: 1....

Are you self-employed in Ireland? And, filing your income tax return every year? And want to know how to pay less tax as a self-employed person? This article is for you. If you want to save money on your taxes next year, know that there are many ways to do it. Filing...

In Ireland, people generally retire at 66 because it’s the current age at which they qualify for the state pension. However, in the coming years, the retirement age is most likely to increase, and you might have to work until at least age 67. Early retirement is a...

Self-employed pensions are designed for individuals who work for themselves. As a self-employed individual, it is essential for you to think about retirement and plan for the future. Because you’re not an employee, you can’t benefit from an occupational pension....

What happens to your pension when you die? Who gets your pension if you die? These are questions that many people in Ireland are asking these days. It actually depends on two factors: What kind of pension you have, and whether you are already retired or not.  In the...

How much should I save for my pension? It’s a question we are often asked as financial advisors. When you’re starting a pension, the first thing you calculate is how much money you want once you retire. And this should determine the amount of money you put into your...

With so many options out there, it can be overwhelming to choose a pension fund in Ireland. Before making your decision, a couple of elements need to be taken into account. If you are looking for a personal pension, fortunately, you have many pension investment...

In Ireland, Employer Pension Contributions are payments made into an employee’s pension scheme by their employer. As an employee, it is important to know what exactly these contributions are and how they work. In Ireland, employers are required to have pension...

You probably already know about pensions. But do you know the real meaning of a pension? A pension is the money you live on once you retire, you will use to live on when you retire. The purpose of a pension is to replace the salary/revenue that you earned before...

Enhanced Transfer Values in Ireland are offered to former employees as a one-off opportunity for their pension transfer values. The value of this transfer is often high. It is therefore important for you to make an informed decision. Sometimes, it can be overwhelming...

Do you find yourself with extra money at the end of the month? If you are a pension scheme member, you can invest more money into your current pension. Indeed, you can achieve that by making what is called Additional Voluntary Contributions (AVCs). AVCs are a simple...

Choosing the type of pension you want can be a challenge. With the huge number of options available to you, it's important to know what's best for you. Sometimes our employer sets up pensions for us, but is this always the best solution? Today we are going to talk...

Today, we are talking about reasons why you should start a pension. Have you ever thought about what your life will be like once you retire? The best way to secure your future is to start investing in a pension now. The sooner you do it, the better.   1. The...

 After the family home, the pension is often the most valuable asset a divorcing couple can have. Therefore, you need to know what happens to it in the event of separation and divorce. Who decides how the pension is shared?  Since The Family Law Act 1995 and the...

What is Pension Term Insurance? Pension Term Insurance is a life insurance policy that covers you up until retirement. If you were to die before you reached retirement your family would receive a lump sum of money. It's a way to take off any financial burdens at that...

You may already know, that investing in a pension has many advantages. It allows you to save properly, can protect your funds from inflation, and possibly increase your wealth over time. Today we are going to talk about tax relief on pension contributions in Ireland...

The director’s pension for business owners in Ireland. As a business owner, leaving your company with money in your pocket is essential. If you wish to maintain the same standard of living when you retire, investing in a pension is a smart choice. A company director’s...

Today, more than ever, it is important to have some money aside.  Whether it's for buying a home, getting out of debt, or achieving financial freedom, saving money is crucial. Greenway has helped multiple individuals and families save money and reach their financial...

Adrian Gallagher is a member of the Rotary Club of Dublin Fingal. Generally at this time of year, Rotary would do charity bucket collections at supermarkets. The money raised would support selected charities such as Ireland’s Children’s Hospitals, the...

top 5 tips for Beginner investors Find out what options you have for your savings and unexpected lump sums. Interest rates are low at the moment, but take some time to research, and invest your money sensibly.  We've listed out our 5 Top Tips for Beginner Investors to...

credit rating - What is it? Your credit rating is held with the Irish Credit Bureau. It is where all your financial payment history is stored. It shows your payment and loan history for 5 years. Why do you need a good one ? The ability to take out a mortgage, car...

7 tips to start a business in Ireland today. We’ve outlined 7 tips for when you're starting your business in Ireland. We have over 40 years of experience running all types of businesses in Ireland. If you need help with your business, no matter what size or stage,...

Greenway's Top 7 Gdpr tips GDPR caused a big panic in 2018 when the legislation came into force, and most of us made our workplaces GDPR-compliant. But what happens when the workplace has become our homes and computers? While we’re all worried about protecting our...

Tips to Grow Sales in Ireland Whether you sell products or services, you want to grow sales. We’re going to look at developing sales with business clients & private clients, and how to encourage new customers, while nurturing your existing client base.Be Clear...

Website Design - Our Top 5 Tips to Get The Best Site You Can Now more than ever, people want to get their businesses online. Get the best out of your Website Design through better communication. You can have a better experience with your Website Designer by learning...

BUSINESS SUCCESS DURING & AFTER CORONAVIRUS How will you have business success during & after coronavirus? Check our top tips and ideas below. We have over 40 years of experience in growing businesses through difficult economic situations. (So far we have...

How will the current Coronavirus & COVID-19 Pandemic affect your Life Insurance? There have been several news stories about insurance companies refusing to cover claims relating to COVID-19. Many of these articles relate to business insurances, not your personal...

Working from home in Ireland Find out about working from home in Ireland, and what makes a good remote worker? Many people are trying to remote work for the first time. We’ve been doing it for years, so here are our top 7 tips for working from home in Ireland today....

Did you have to let your staff go temporarily? As it gets near to your end of month payroll date, here’s how to use the COVID-19 Refund Scheme.We'll Answer Your Questions!What is the COVID-19 Refund Scheme? You can make the COVID-19 Pandemic Payment to your workers...

What are your Welfare options right now? - March 2020 If you’ve recently lost your job, or are now working on reduced hours, you need to know what welfare you’re entitled to, and how to claim it.****updates to Covid-19 welfare provision - 25 March 2020**** On March...

Coronavirus Business Advice To help businesses during the coronavirus economic shock, we are making 5 FREE Coronavirus business advice consultations available. Just answer the questions in the form and we will get in touch to see if we can help you. Suitable companies...

Coronavirus business survival plan Coronavirus is having a severe and traumatic impact on our economy. Our six-point plan to fight the COVID-19 economic shock will help you manage your business and react in the right way. Even if your business has not experienced any...

Coronavirus & mortgage repayments. Coronavirus mortgage repayment, If you’re reading worrying stories about quarantines, and coronavirus, it’s important to know how this affects your mortgage. While some of us work in jobs we can do remotely, a lot of people...

What is Parental Leave in Ireland? How to take the right leave, at the right time – Greenway Financial Advisors answers your questions

4 ways to save money in 2020 Trying to save money is often challenging, especially when you think that there is nothing left to cut.  Since the January blues are now over, take back control of your personal budget and make some savings. Making some of these changes...

If you’re currently working, you might be wondering where your P60 revenue is right now. Especially if you’re planning on applying for a mortgage this year. (Many lenders require your P60 in Ireland for up to the previous 3 years for a mortgage application). Before...

Is critical illness cover the same as serious illness cover? Critical Illness Cover is indeed the same as Serious Illness Cover. It’s an insurance policy that pays you a tax-free lump sum if you are diagnosed with one of the specific illnesses or disabilities that...

5 easy steps to choose a financial advisor Whatever your income, everyone should get impartial & practical Financial Advice throughout their lives. Financial Advisors offer qualified, expert advice. Remember, a good advisor has seen hundreds or thousands of cases....

Understanding APRC vs Interest rate is essential for knowing what you are being charged on your mortgage.  Your mortgage is likely the most significant financial commitment you will ever make, so it's essential to understand the details before signing on the dotted...

Some holders of Whole-of-Life policies are receiving very worrying letters, informing them that their policies have been reviewed, and their premiums increased.   In some cases, a monthly Whole-of-Life premium increase can be 680% more than the original payment. We’re...

Budget Planning Tips & Ideas to make your life easier We can help you solve your personal budget woes with our top 5 budget planning tips & Ideas. Planning your finances is not something we every want to sit down and do, but it is really important for organising...

PRSA or personal retirement savings account is a long-term personal pension plan that can let you save for retirement in a flexible way. Most people can get a PRSA pension in Ireland, but it’s especially useful for people with no pension provision.How does a PRSA...

Pensions can be confusing and overwhelming at the best of times. At Greenway we focus on giving clear information to explain what is happening with Pensions in Ireland in 2019. From Census 2016, people 65 years and older saw the largest increase in population since...

What is the 50-30-20 budget system? The 50-30-20 budget is a personal budgeting plan made popular by Elizabeth Warren in her 2005 book, “All Your Worth: The Ultimate Lifetime Money Plan”. It’s a very simple way of breaking down your income into 3 categories. Needs...

Why Financially Plan? Tracking your income & expenditure gives you a road map to follow. Financial Planning allows you to plan for the future. Knowing where your money goes each month, and the savings you can make gives you certainty for achieving your goals. When...

SELF-EMPLOYED? HERE’S WHAT TO WATCH OUT FOR WITH YOUR MORTGAGE APPLICATION Whether you’re a First Time Buyer self-employed, you’re trading up, or switching mortgages, there are a few extra things to watch out for if you’re also a self-employed mortgage applicant. More...

Getting a financial review is a great way of creating a roadmap or plan for where you want your personal finances to end up.

Follow our simple mortgage application guide for first time buyers. If you're making your mortgage application soon, or you're still on the path to saving your house deposit, start preparing for your mortgage application now. The amount of time it takes to get...

Managing your money is crucial for your success at saving, but what does it mean? Do a search for ‘spending diary’, or ‘what I spent this week’. I would argue that out of the 790,000,000 or so results your search engine will turn up, you’ll get a lot of figures, but...

Which is the best policy? There's no simple answer to the question, but here's how the policies we offer compare. You'll find the best choice for you. Greenway Financial Advisors currently arranges policies with Irish Life, New Ireland, Royal London, and Zurich....

Savings can take a while. Don't become disheartened, tax reliefs could be a way to increase your savings quicker. If your savings are building slowly, don't be tempted to spend €4 on a lottery ticket. Revenue might be able to help you supercharge your savings account....

How Financial Planning can help cash-strapped Millennials: There are plenty of times when we wonder if we'll ever feel like adults. Financial Planning is a thing that makes us all feel like kids not sure of what we are supposed to do. If you're part of the 22-37 age...

There have been some discussions in the news recently. Is your online life insurance safe? The Financial Services and Pensions Ombudsman released their Overview of Complaints and Digest of Decisions in March 2019. It's a fantastic set of anecdotes and explanations of...

Whether you think rent is dead money, or a mortgage is lodestone around your neck, the chances are you'll spend a long time renting. A recent article in the Independent says renters are incredibly vulnerable, post-banking crash....

Can changing my Mortgage Protection really make a saving? It can. When the newspapers advise you to make a switch, they mention savings of €2,000 to €7,000 over the life of the policy. Obviously, these are averaged figures, with some people saving a little, and others...

it's fine to not get hitched... Weddings are extremely expensive. You and your partner made the right choice not to do it. You're building a life that isn't just about one day, and you're very committed. You even have a house together! Co-habitation is fine! With all...

IS MORTGAGE PROTECTION WITH A BROKER DIFFERENT TO MORTGAGE PROTECTION FROM THE BANK? Online brokers can help make you some significant money and time savings on your mortgage protection. There are a number of key differences between your online broker and your bank...

What is a Funeral Insurance Plan? Funeral Cost Insurance can be a number of things. It’s essentially a life insurance policy that pays out on death, with the sum being used to cover some or all of the funeral costs and expenses. Some policies exist purely for over 50...

What do Generation X and Baby Boomers have in common? You probably got Mortgage Protection before it was cool, like a lot of other things. This means there's a chance you got your policy while it was more expensive too. The cost...

That's a brilliant quote! So much cheaper than what you're paying. You should definitely change your policy, shouldn't you? Take a deep breath, and check a few things first: How old is your current policy? - The terms you were given for your original policy were based...

GLOSSARY OF COMMON TERMS “CONVERSION” This option allows a policy to be changed to a different policy, at the end of the policy term. This can be done without new evidence of health, which benefits older people changing their policies. This option must be selected at...

It’s tempting to try to fill out your life insurance or mortgage protection forms as fast as possible. It’s easy isn’t it? Like an exam on yourself, so how could you get it wrong? One little mistake, however, could create big problems in the future. If you have to...

Congratulations! That’s brilliant! You got married, had a baby, stopped smoking - there are so many ways that life can change. Do you know that this can affect your life insurance policies too? It is important with these life changes to update life insurance policy. A...

What is mortgage protection? Mortgage protection insurance policies break into two groups. Group policies and Individual policies. There are some serious differences between the two. Find out about Group vs Individual Mortgage Protection Insurance policies in Ireland....

When you're buying a home, it can feel like the process will never end. Saving, viewings, mortgage applications, and an avalanche of paperwork. Important decisions can be rushed and pushed with biased advice. Mortgage Protection is one of those things that can get...