News Tips & Ideas
How to avoid Inheritance Tax (Legally)
How to avoid Inheritance tax (legally) Inheritance tax is something people forget about until it's too late. In 2018 revenue collected over €466.3 million from inheritance tax payments, but it can come as a shock during a time of bereavement. There are loads of ways...
How to Plan Your Pension: A Comprehensive Guide by Greenway Advisors
Auto Enrolment Pensions For Employers
If you're an employer in Ireland, from 2024 you will have a legal obligation to automatically enrol eligible employees into the new auto-enrolment pension scheme if the employee is not already in an existing pension scheme. This process is known as pension...
5 Tips You Need to Ask About Money
Do you feel like you have no control over your money? Knowing the right questions to ask about money is the key to taking control of your finances. From budgeting to saving for retirement, these 5 essential questions to ask about money management will help you take...
What is business management?
Business management is a term lots of people search for. But what are they really looking for? Business management is the practice of leading a team or organisation to achieve success in the marketplace. It involves planning, organising, and directing the activities...
How To Achieve Financial Freedom Using The 50 30 20 Money Management Method
If you’re looking for a simple and easy way to budget your money, the 50/30/20 money management method may be perfect for you. This technique prioritizes needs over wants and could help you achieve financial freedom in no time. Learn how this strategy works and manage...
How much is the state pension in Ireland
As retirement approaches, one of the most pressing concerns is income. In Ireland, the state pension provides a regular source of income in later life. Understanding how much to expect is important when planning for the future. The amount paid out by the Irish state...
MAXIMISE YOUR PENSION CONTRIBUTIONS IN IRELAND
Maximising your pension contributions in Ireland is a great way to provide you with an appropriate income for your retirement while reducing your tax bills. Indeed, it helps you invest a suitable amount of money into your pension and allows you to save money on taxes...
Gift tax in Ireland
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...
How to budget your money?
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....
SELF-EMPLOYED? Best WAYS TO REDUCE INCOME TAX IN IRELAND
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...
EARLY RETIREMENT IN IRELAND: HOW TO RETIRE EARLY?
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
WHAT HAPPENS TO MY PENSION WHEN I DIE in IRELAND?
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 do I need for my pension?
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...
HOW TO PICK A PENSION FUND IN IRELAND?
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...
EMPLOYER PENSION CONTRIBUTIONS IN IRELAND
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...
What is a pension plan?
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...
PENSIONS & ENHANCED TRANSFER VALUES IN IRELAND
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...
What are avcs pensions?
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...
Employee pension scheme vs. Private scheme
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...
7 good reasons to start a pension
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...
Pensions and divorce in Ireland
After the family home, the divorce 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. Contact our separation and divorce advisors for more about how assets are...
Pension term insurance
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...
TAX RELIEF ON PENSION CONTRIBUTIONS IN IRELAND
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...
DIRECTORS PENSION FOR BUSINESS OWNERS
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...
How to save money in 2021
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...
Rotary Club of Dublin Fingal Annual Christmas Appeal
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...
Should I Invest Now?
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...
Your Credit Rating and COVID
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
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,...
GDPR And Working From Home
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...
How to grow sales in ireland
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 – What You Need To Know
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
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...
Life Insurance and Coronavirus
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
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....
Payroll and COVID-19 Pandemic Payment
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...
Welfare in Ireland and Coronavirus
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...
Free Coronavirus Business Advice
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 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 repayment
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...
Parental Leave for Employees
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 more money in 2020
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...
WHAT IS P60 IN IRELAND?
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...
What is Critical Illness Cover?
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
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....
APRC VS Interest Rate: What’s the Difference?
APRC & Interest Rates On Mortgages 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...
WILL MY WHOLE OF Life INSURANCE INCREASE IN IRELAND?
Some holders of Whole of Life insurance in Ireland 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...
Budget Planning Tips & Ideas to make your life easier
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...
What’s a PRSA Pension Explained
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...
Simple guide to your pension options.
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...
Start Financial Planning Today!
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...
The Self-Employed Guide to Mortgage Applications
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...
What Is A Greenway Financial Review?
Getting a financial review is a great way of creating a roadmap or plan for where you want your personal finances to end up.
Mortgage Application Guide For First Time Buyers
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
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...
The Best Mortgage Protection Policy 2019
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....
How Tax Reliefs Can Help You Save
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....
Financial Planning for Millennials
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...
Is Online Life Insurance Safe?
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...
Explaining Income Protection And Long-Term Renting
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....
Changing Your Mortgage Protection – Is It Worth It?
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...
Co-Habitation and Mortgage Protection
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...
Online Brokers and Mortgage Protection Savings
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...
FUNERAL INSURANCE PLANS
What is a Funeral Insurance Plan? Funeral 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...
New Mortgage Protection In Your 50s
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...
Switch Your Mortgage Protection Policy
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...
Know Your Life Insurance Options: A Glossary
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...
Fill Out Your Life Insurance or Mortgage Protection Forms
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...
Update Your Life Insurance Policy
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...
GROUP VS INDIVIDUAL MORTGAGE PROTECTION INSURANCE IN IRELAND
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....
Mortgage Protection & Taking Your Time: Don’t Let Them Rush You.
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...