The budget document discusses the key changes from Budget 2019 that will impact pensions, protection, and investment clients. The main points are:
- The State Pension will increase by €5 per week. The Christmas bonus for social welfare recipients will be restored to a double payment.
- The DIRT tax rate will decrease to 35% in 2019 and 33% in 2020. However, there was no change to the exit tax rate on life assurance policies.
- Income tax bands will increase slightly. The USC rate will decrease to 4.5% and thresholds will increase.
- The CAT threshold for children inheriting from parents will increase to €320,000. No other CAT changes were made.
Through AGL's "day-after" Action-Focused Budget Bulletin you will be able to review how yesterday's summer budget could affect you and your financial planning needs and objectives. We also offer Tax Tips and Planning Points to keep your Financial Plan on track as well as Tax Tables.
Federal budget guide 2018 mazars australia_9th mayRickard Wärnelid
Mr Scott Morrison, the Federal Treasurer, has handed down his third Budget on 8 May 2018. Mr Morrison said the Budget is focused on further strengthening the economy to “guarantee the essentials Australians rely on” and “responsibly repair the budget”.
With a deficit of $18.2b in 2017/18 and $14.5b in 2018/19, the Budget is forecast to return to a balance of $2.2b in 2019/20 and a projected surplus of $11b in 2020/21.
The government is proposing a three-step, seven-year plan to make personal income tax “lower, fairer and simpler”. The Budget also contains additional measures to counter the black economy, particularly in response to the final report from the Black Economy Taskforce, including expanding the taxable payments reporting system. Additionally, the Budget contains a range of measures intended to ensure the integrity of the tax and superannuation system.
•Estate planning with your pension
•Your year end checklist: time to focus
•Buy-to-Let: a taxing issue
•Curtains for the Autumn Statement
•Your shrinking pension allowances
Our Budget Summary is now available and provides a detailed breakdown of all of the key measures included in Wednesday’s Budget, as well as highlighting other measures announced in earlier Budgets which come into play from 6 April 2017.
Our summer newsletter's cover articles look at planning for the reduction in the dividend allowance and highlight that another tax rise will be with us soon. Check out these articles and lots more!
ASIt has often been said that inheritance tax (IHT) is a voluntary tax as action can be taken by individuals before death to
reduce or eliminate IHT liabilities on death. However the need for assets and income in retirement limits the giving of gifts
during lifetime. In this Briefing we consider some points to consider to reduce the amount of IHT payable on death.
The Chancellor gave a combined Spending Review and Autumn Statement on 25 November 2015. He announced a number of measures that will affect businesses, individuals and the UK as a whole.
We have produced a 12 page Autumn Statement report which includes details of these, including sections on business initiatives, pensions, changes to personal allowances and more.
If you're a business owner in the UK, you'll likely have heard of the UK government's super-deduction relief tax policy that's designed to give UK businesses a helping hand in investing. But what is the super-deduction allowance and how could it benefit you? Let's take a closer look.
The government has announced a temporary NIC increase of 1.25% for employees, employers, and the self-employed from April 2022 until April 2023. Revenue raised from the levy will be funnelled into supporting the NHS and equivalent bodies across the UK.
Through AGL's "day-after" Action-Focused Budget Bulletin you will be able to review how yesterday's summer budget could affect you and your financial planning needs and objectives. We also offer Tax Tips and Planning Points to keep your Financial Plan on track as well as Tax Tables.
Federal budget guide 2018 mazars australia_9th mayRickard Wärnelid
Mr Scott Morrison, the Federal Treasurer, has handed down his third Budget on 8 May 2018. Mr Morrison said the Budget is focused on further strengthening the economy to “guarantee the essentials Australians rely on” and “responsibly repair the budget”.
With a deficit of $18.2b in 2017/18 and $14.5b in 2018/19, the Budget is forecast to return to a balance of $2.2b in 2019/20 and a projected surplus of $11b in 2020/21.
The government is proposing a three-step, seven-year plan to make personal income tax “lower, fairer and simpler”. The Budget also contains additional measures to counter the black economy, particularly in response to the final report from the Black Economy Taskforce, including expanding the taxable payments reporting system. Additionally, the Budget contains a range of measures intended to ensure the integrity of the tax and superannuation system.
•Estate planning with your pension
•Your year end checklist: time to focus
•Buy-to-Let: a taxing issue
•Curtains for the Autumn Statement
•Your shrinking pension allowances
Our Budget Summary is now available and provides a detailed breakdown of all of the key measures included in Wednesday’s Budget, as well as highlighting other measures announced in earlier Budgets which come into play from 6 April 2017.
Our summer newsletter's cover articles look at planning for the reduction in the dividend allowance and highlight that another tax rise will be with us soon. Check out these articles and lots more!
ASIt has often been said that inheritance tax (IHT) is a voluntary tax as action can be taken by individuals before death to
reduce or eliminate IHT liabilities on death. However the need for assets and income in retirement limits the giving of gifts
during lifetime. In this Briefing we consider some points to consider to reduce the amount of IHT payable on death.
The Chancellor gave a combined Spending Review and Autumn Statement on 25 November 2015. He announced a number of measures that will affect businesses, individuals and the UK as a whole.
We have produced a 12 page Autumn Statement report which includes details of these, including sections on business initiatives, pensions, changes to personal allowances and more.
If you're a business owner in the UK, you'll likely have heard of the UK government's super-deduction relief tax policy that's designed to give UK businesses a helping hand in investing. But what is the super-deduction allowance and how could it benefit you? Let's take a closer look.
The government has announced a temporary NIC increase of 1.25% for employees, employers, and the self-employed from April 2022 until April 2023. Revenue raised from the levy will be funnelled into supporting the NHS and equivalent bodies across the UK.
What does the Summer 2015 Budget mean for you? Rajani and Co
On Wednesday 8th July 2015, George Osborne delivered the first conservative budget in 19 years. In his Summer Budget speech the chancellor declared it as a “Big Budget for a country with Big Ambitions”.
As business owners and entrepreneurs, today’s announcements will impact on you and your business, key topics include:
• A new National Living Wage.
• Increases to the Personal Allowance and higher earners tax thresholds.
• Reduction in Corporation Tax.
• Changes to dividend tax.
www.rajaniandco.com
Rishi Sunak announced plans for the financial year 2022-2023 in his autumn budget statement on 27th October. He promised to deliver a stronger economy for everyone, but what does it mean for you? In this post, we present a quick-fire autumn budget summary, showing you precisely what’s changed, and how it is likely to affect you financially. Contrary to expectations, we did not see a raid on inheritance tax or any changes to capital gains, as recommended by various advisory bodies. Instead, it appears that ordinary working people will shoulder most of the tax burden associated with the COVID-19 pandemic over the following years.
A Post-Budget 2018 Analysis of the Irish Public FinancesUlsterBankROI
Budget 2018:
- A look at some of the details (from slide 3)
- The economic context and fiscal framework (from slide 14)
- Ireland’s public finances: where do we stand? (from slide 22)
Reducing debt and borrowing is essential to controlling inflation, keeping mortgage rates affordable and funding public services sustainably. After accounting for decisions at the Autumn Statement, borrowing is forecast to be lower this year, next year and on average over the forecast period compared to the OBR’s March forecast. Underlying debt is also lower as a percentage of GDP, by an average of 2.1 percentage points across the forecast.
UK Chancellor George Osborne delivered the combined comprehensive spending review and Autumn Statement.
The major story being the climbdown on tax credits but what other tax-related announcements did he make that could affect your wealth planning....
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
1. Introduction
The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, delivered Budget 2019 earlier today.
As has been the case for the last few years, many of the changes were known in advance of the speech.
The Minister made a number of changes to USC and, as suggested, there will be an increase in the standard rate
income tax bands. The measures announced also include an increase in the Group A Capital Acquisitions Tax (CAT)
threshold between parents and children and all weekly social welfare payments, including the State pension, will go up
in March 2019.
Given there are a number of ongoing consultations at the moment, it was no surprise that there were no significant
pension related changes announced.
Confirmation that the Christmas bonus will be restored to a double payment in 2018 does have a knock on effect to
those going down the Approved Retirement Fund (ARF) route at retirement. It will also have an immediate impact on
some existing Approved Minimum Retirement Fund (AMRF) holders.
We are disappointed that there was nothing in the Budget announcement to indicate a change in the Exit Tax on gains
on life assurance policies. We are still hopeful that the upcoming Finance Bill will take steps to address the difference
between DIRT and Exit Tax rates which we believe should be equalized.
Details of the changes that will be of most interest to pension, protection and investment clients are outlined overleaf.
Welcome to our Budget 2019 Summary
October 2018
Budget 2019
Life & Pensions Update
Priority Insurances DAC t/a IFG Financial Meath
(087) 164 2372
James@priorityinsurances.ie
www.priorityinsurances.ie
Priority Insurances DAC t/a IFG Financial Meath is regulated by the Central Bank of Ireland.
2. 1. Pensions
The only pension related change announced in the Budget was an increase in the State Pension. However,
we will wait until the Finance Bill (expected to be published on Thursday 18 October 2018) to see what other
changes, if any, happen.
State Pension (Contributory)
The maximum personal rate of the State Pension (Contributory) will increase by €5 to €248.30 per week.
Payment of the increase will take effect from March 2019.
The earliest age at which the State Pension (Contributory) is payable is currently age 66.
One of the recommendations included in “A Roadmap for Pensions Reform 2018-2023” published by the
Government earlier this year was to link State Pension increases to changes in the Customer Price Index
(CPI) and the average wage. This change is likely to be introduced next year.
Social Welfare Christmas Bonus and Specified Income Requirement
The Minister has confirmed that the Christmas bonus will be fully restored this year to eligible social welfare
recipients. The bonus will represent 100% of the weekly social welfare payment rate. For those in receipt of
the maximum personal rate of State Pension the bonus will equate to €243.30 in 2018.
Revenue confirmed earlier in the year that the Christmas bonus can be taken into account when determining
an individual’s “specified income” for ARF purposes.
This means that anyone in receipt of the maximum personal rate of State Pension (Contributory) will now
meet the requirements for minimum specified income (currently €12,700 per annum). As a result, if that
person holds an AMRF, then their AMRF should now convert to an ARF.
Customers holding AMRFs who may be impacted by this should contact their Financial Advisor.
Remember that the Living Alone Allowance also counts toward the specified income for ARF purposes.
2. Deposit Interest Retention Tax (DIRT)
The rate of DIRT will decrease by 2% to 35% with effect from 1 January 2019. The last of the phased
reductions in DIRT will take place on 1 January 2020 when DIRT rate will decrease to 33%.
3. Exit Tax
There was no mention in the Budget of any change to the current rate of exit tax on life assurance policies in
order to equalize it with the rate of DIRT. Current exit tax rate of 41% applies to any gains on life assurance
policies effected on or after 1 January 2001 (known as gross roll-up policies). This is very disappointing but
we await confirmation of whether or not there will be any change in the upcoming Finance Bill.
The exit tax rate for any gains in a life assurance policy owned by an Irish company is currently 25%.
Page 2 of 4
3. 4. Income Tax, PRSI and USC
Income Tax
There has been an increase to income tax bands. The single person standard rate band will increase by €750
from €34,550 to €35,300, and from €43,550 to €44,300 for married “one earner” couples.
There was no change to income tax rates. The higher rate of income tax remains at 40% with the standard
rate of income tax unchanged at 20%.
However, there were further changes to the Earned Income Credit for the self-employed and certain
proprietary directors which increased by €200 from €1,150 to €1,350. This forms part of a 3 year move to
bring into line the treatment between the self-employed and the PAYE sector. The PAYE tax credit is currently
€1,650 and remains unchanged.
There was also an increase in the Home Carer Tax Credit from €1,200 to €1,500.
These changes are effective from 1 January 2019.
Universal Social Charge (USC)
The Government has announced a number of changes to the USC to take effect from 1 January 2019:
• 4.75% USC rate reduced to 4.50%
• A €502 increase to the ceiling for the 2% USC rate raising it from €19,372 to €19,874
Total income of €13,000 or less per annum is exempt from the USC.
The following USC rates will apply if total income is in excess of €13,000:
Rate Threshold
0.5% €0 to €12,012
2% €12,012 to €19,874
4.50% €19,874 to €70,044
8% Balance
The USC rate on self-employed income in excess of €100,000 remains at 11%.
Medical card holders and individuals aged 70 years and over whose aggregate income does not exceed
€60,000 pay a maximum USC rate of 2%.
These further reductions in the USC are the first steps towards the process of harmonising the USC and PRSI.
PRSI
Current PRSI rates remain unchanged.
However, entry point for the higher 10.75% employer PRSI rate has increased from €376 per week to €386
per week. This is in line with an increase in a minimum wage from €9.55 to €9.80 per hour.
Employer PRSI rate for weekly earnings below €386 is 8.6%.
5. Corporation Tax
There is no change to the Corporation Tax rate of 12.5% for trading income and 25% for non-trading income.
Page 3 of 4
4. 6. Capital Acquisitions Tax (CAT)
CAT threshold that applies to children inheriting from their parents will increase by €10,000 to €320,000 with
effect from 10 October 2018. Group B and Group C Threshold remain unchanged and CAT rate remains at
33%.
CAT thresholds are as follows:
CAT Thresholds
Group A: €320,000
Applies where the beneficiary is a child (including adopted child, step-child and
certain foster children) or minor child of a deceased child of the disponer. Parents
also fall within this threshold where they take an inheritance of an absolute interest
from a child.
Group B: €32,500
Applies where the beneficiary is a brother, sister, niece, nephew or lineal ancestor
or lineal descendant of the disponer.
Group C: €16,250 Applies in all other cases.
There was no increase or decrease to the small gift exemption, which currently stands at €3,000 a year.
7. Capital Gains Tax (CGT)
The rate of CGT remains unchanged at 33%.
Legislation including the Finance and Social Welfare Bills are expected to be published
in the near future and we wait to see if they contain further changes not specifically
announced in the Budget.
Page 4 of 4
This publication is intended only as a general guide and not as a detailed analysis. In the interests of brevity and clarity,
detailed information may have been omitted which may be directly relevant to an individual’s or an organisation’s
circumstances. It should not be used as a substitute for appropriate professional advice. The information is provided “as is”
without warranties of any kind, express or implied, including accuracy, timeliness and completeness. In no event shall the
Company or its employees be liable for any direct, indirect, incidental, special, exemplary, punitive, consequential or other
damages whatsoever (including but not limited to, liability for loss of income and/or profits), arising out of or in connection
with the information provided in this publication.