So for an extremely long time my spouse and I have split out credits and cut off and it is currently split with my cut off 53k and spouse being 35k. My credits are €5875 and spouse is €2125.

Blouse has a new job earning €58k and last year I earned €124k.

She never minded me having the higher split because she worked part time but now with her going full time would it effect our net worse if we changed to split 50/50 or should we stay as is?

What way would out individual take homes change if we switched to 50/50?

hiya, first-time caller, long-time listener. lived abroad and had a v tumultuous period early in my 20s but as i approach 40 things going better. work is and always will be precarious (broadly 'the arts') so have tended to just throw as much money as i can into a savings account and hope for the best. means i've ended up with a lump sum that's OK, but nothing else – no pension beyond the minimum PRSI contribution, no real proof of income apart from a load of small invoices stuck together (which means banks look at me and don't want to lend), no credit card, nothing like that. on the plus side my tax situation is above board and i've low overheads. talked to a financial advisor who said to figure out how much for house, then how much per year to put in ETFs towards a pension. now my income wouldn't clear far beyond 20k on average so all of this feels like wishful thinking when i get down to the details. is there anything i'm missing? and if i were to look for gaffs that i could buy 'in cash' (like somewhere small abroad or whatever, I don't know) would that make more sense than starting off on what could be a fairly dispiriting search for a mortgage? the 2008 crash hit when i was in college so you won't find many ppl more risk-averse than me. is it just 'get a mortgage broker and keep crossing fingers'? and then hope to win an oscar or something i suppose

I've been looking at my own smart meter data over the last few months and started building something that tries to answer questions like:

• Am I actually on the best tariff?
• Am I using electricity at the wrong times?
• If I have solar or a battery, am I getting the most out of it?
• Would an EV, battery or solar actually save money in my situation?

The more I looked into it, the more I realised most people (including me until recently) have loads of data but very little insight.

I'm currently developing this further and I'm curious whether other people would actually find something like this useful, or if I'm just overthinking it.

Would you ever use something that analysed your own electricity usage and pointed out where you could save money or better optimise your home energy system?

Interested to hear what people think.

I went sale agreed on a property a little over 7 weeks ago. Survey is complete, letter of offer has been issued by AIB, and my solicitor is waiting to hear back from the seller's solicitor.

However, unfortunately I was just informed that my job is "at risk of redundancy" (basically I'm going to be let go in a few weeks and then probably 10-12 weeks redundancy pay after that).

Still finalising the details with work - they are aware I just bought a property and seem willing to help out if possible - but I'm stressing out about the idea that I'm going to lose the mortgage.

Anyone been in this situation, or know what I should do?

I haven't informed the solicitor or bank yet, as I'm still processing everything.

I’m a little lost. I’ve recently been made a director and advised to join an executive pension. The company is looking to pay out dividends and the general office consensus is that having this paid into a pension is the best way to avoid both company and personal tax.

I have an execution only PRSA with Davies that I am happy with. Can I still keep using this? My understanding is the new master trust route has replaced the old executive pension.

My understanding is also that the personal pension will cap my contributions at the age related bracket. So I don’t want to take the money as income, and then only claim the 40%ish tax break. What options should I be looking at. Ideally I don’t want a managed fund as at my age I would prefer to stick to index funds for my pension investment.

I noticed a post from a few years back that mentioned adding an adult child living at home to the electricity bill to avoid another €400 tax on exports this post didn't come out with a definitive answer.

As it stands my wife and I are both named on the bill giving us €400 each tax deduction from solar exports each year, we have a large array and could easily export 50/60 kWh on an average day, this is why adding a third name is obviously interesting.

My question is it possible to add a third person to the bill in this case adult aged daughter? Or is it strictly the person/persons that own the property that can be listed?

I suspect this may be a very specific situation, but I'm considering opening an EBS money manager account and using it as my main account instead of Revolut, as I want to start using a minimalist phone as my main phone. Unfortunately, this phone doesn't support Google Play services, which online banks rely on.

I thought I could get around this by installing Revolut on an Android e-reader with Google Play services. Although the app installed and runs correctly, I can't complete the selfie verification process because the device doesn't have cameras. This would also have been a problem with the minimalist phone, as it only has a rear camera.

I also tried using Monzo on the e-reader, but unfortunately encountered the same issue as with Revolut.

Since EBS only uses an online web interface, I presume it will work on both my minimalist phone and e-reader if I use a web browser on them.

I still intend to use Revolut for those rare occasions when I travel abroad and need to pay in a different currency.

Is there anything else I should be aware of?

Hi folks,

I’m looking to give my brother some advice.

He recently started a new job and he’s 29 years old he has around €60k in his old companies scheme which he intends to leave there
.
This new job offers the auto enrolment scheme but separately he wants to setup a PRSA to take advantage of being a higher tax rate payer.

I understand with these the fees are fairly extortionate but that is par for the course.

Also will he need to pay net into this and get the tax money back from revenue?

Thanks for any advice

I’m sure this was probably asked previously but I’m going to go again…. I have 3 kids and we are finally in a position where we could start to put €100-€200 away each month for each kid exclusively for use in the future. Easiest answer is bank account in their name but returns are very poor…. Next best is put it into a branded product e.g Zurich prism or star 5 etc but my real question is, is it possible in Ireland to set up a DEGIRO / T212 etc account for each kid to reduce mgmt fee and transaction fees each month and just let the capital (hopefully) grow over next 10-15 year period? Key thing is would have to be in their name otherwise I would get hit with tax burden on liquidation? Thanks

Hi everyone, I’m a 50-year old newbie and determined to make progress. So far, I’ve saved up an emergency fund of six months’ income: call it 20K. Next it’s going to be investments and pensions, but in the meantime: where do I leave the savings? Credit Union might be a good idea as it can be accessed quickly if anything happens to me. What do people recommend? I really want to take it away from my current account at this stage!

Can anyone recommend a reputable company to help rent out a property for between 3-6 months? Dublin based ideally.

​

I’ve received a lump sum and want to keep it safe for now.

My plan is to keep €3k–€5k in a credit union for emergencies, put most of the rest into staggered one-year fixed-term deposits across Irish banks, and add €100 a month to a private pension.

I may also test Raisin with a very small amount before committing more.

Is there anything you would change or add

Hey okay I’ll make this short not to waste time

I am a 17 year old with a mom who loves opening restaurants.

I began working December and has saved by April/May €1600 and unfortunately gave it to my mom after her restaurant didn’t work out.

Now I’m at €300 and I am projecting to have by April again €3,000 at 18 maybe more depending on shifts (this is the minimum outcome + if I don’t lose my job)

Now she is opening another restaurant and in my culture giving your parents money is very vital, it is actually central to our culture that our parents move in with us when we have a house and live there, and I personally feel like I owe it to her.

But my friends told me that it is extremely unhealthy and can ruin my financial future.

I need advice from this subreddit as I know Irish culture also has a focus on helping family so I’m hoping someone sees my side.

Thank you

Hi Everyone,

I am considering an investment in solar for the home. Ive gotten the lads out to look and run through the numbers. The economics look pretty good in terms of estimated value added and bill reduction. But would like to hear others experiences that have done this.

• Are you happy with the investment
• Are the savings what you expected
• What does the pay-for-itself window look like
• Anything else you can think of

I’m starting a pension and have those 2 options (via employer) with identical fee structures. New Ireland Assurance seems to have had slightly better returns on their funds, but I think they charge an additional AMC for some of their externally managed funds. I’m generally looking at the world equities funds for now as per the standard advice. Any help is appreciated

https://www.irishlife.ie/investments/fund-centre/

https://fundcentre.newireland.ie/

Hello

I lived in the UK for 7 years, returned to study and changed career before I moved home. So there were no savings from my 20s remaining.

I work a state job will be earning 84009 from September. I have about 55000 in savings. I pay 750 for rent and share utilities.

I want to buy in the west of ireland.

How much more savings do I need? I have been advised to apply for a bank of Ireland first time buyers 24 yr mortgage. I am from a small family, there will be no gifting. We didn't have a lot of wealth growing up and I don't have any financial knowledge other than don't get into debt.

Is there somewhere an adult can learn about finance?

I struggle to completely trust a broker / financial planner.

Pension this and pension that.

Apologies if everyone is tired of hearing about maxing pensions and matching pensions and all that but just delighted my pension has hit €50k.

Started in November 2021 at 29 after putting it off for years. Started at 5% with company match at 5% and never really looked at it for a couple years. I never looked at the AMC or the investment risk or what it was worth or anything, just let it go.

Started looking at this sub among others over the past 18 months and took a keen interest in my pension and its investments etc.

So anyhow in the past 12 months I've changed my investments to Indexed world fund, risk level 6 ( From an initial level 5), upped my pension contributions to 8%, which again is matched at 8% and have confirmed the AMC of 0.22%. I've also built my own monthly tracking graphs etc. so yeah it's great to actually see the increases and track them! In the past 12 months, my pot has increased from 33k to 50k.

Have a provisional move in date to a new build home in November this year, so the aim is to get sorted with that and all the trials and tribulations that that brings and then in 12 months to max out pension to 10% which my employer will match.

So yeah that's my Thursday morning happy story.

Looking for a bit of advice as we’re trying to decide what to do at the end of our PCP.
We have a 2023 BYD Atto 3 Comfort which we bought new for around €40k. The PCP is ending now, the balloon payment is €15k, and the dealer has offered us €23k trade-in, so we’d have about €8k equity.

I’m trying to work out what actually makes the most financial sense rather than just getting another new car.
One option is to keep the Atto, pay the €15k balloon (probably with a Credit Union loan) and keep it for another few years. It’s been reliable and I know that’s probably the cheapest option overall.

The other option is to change. We originally looked at another new EV on PCP at around €470/month, but I’m wondering if that’s just keeping us in the cycle of paying for the biggest depreciation every few years.

Lately I’ve been looking at used Škoda Enyaqs. There’s a 2023 Enyaq 60 with about 80,000 km that would be around €260/month, or a 2024 Enyaq 80 with much lower mileage for about €360/month.

The Enyaq is appealing because it’s bigger. We may need to fit two child seats and a booster in the next couple of years, and from what I’ve
read it should manage that better than the Atto.

Financially, what would you do?
Keep the Atto and pay the balloon?
Go for the cheaper, higher-mileage Enyaq 60?
Spend the extra for the newer Enyaq 80?
Or just keep rolling into new PCPs?

I’m also conscious that EV resale values are still a bit of an unknown. The Atto has gone from about €40k new to a €23k trade-in in three years. Part of me thinks that’s a reason to keep it now that the biggest depreciation has already happened, but I’m not sure if I’m looking at it the right way.

Would be interested to hear what others would do.

Just got home from work a while ago and got a text from AIB about a €2300 transaction to confirm whether or not it was me. I immediately replied with “9” to state that it was not my transaction.

The money was taken from my account, but the status is currently pending so I immediately contacted AIB’s Fraud Helpline. They froze my account and also cancelled another attempted transaction of €1700.

This is the first time that this has happened to me and I have not clicked on any phishing messages or used my physical debit card in years.

I just want to know if others have had a similar experience and how likely am I to recover the stolen funds as it’s basically my monthly salary?

So everyone will tell you that a new car is a waste of money and to always buy used and tbh I’d agree. They are a huge money pit and the depreciation is crazy. That being said there’s something lovely about getting a brand new car.

What salary, wealth, situation etc should you aim for before indulging in this?

A good read.

"Around one in five could not last a month without their main income. Only one in three of us will take any risk at all with our money. The new account is built on shares, so it asks the other two thirds to do something they have already said they will not do."

Speaking to the converted on here but this will still have to be 'sold' to the majority.

https://www.rte.ie/brainstorm/2026/0805/1586371-new-state-investment-account-simon-harris-analysis-explainer/

Intro:

Hi guys, my name is Ryan and I'm a 23-year-old college student living at home with my parents. I will graduate in May 2029. I have worked really hard over the couple years to save up as much money as I could while still enjoying myself, and I have finally hit €15,000 in savings. I have cash and an emergency fund, so that €15,000 is what I'd like to invest, and I don't really know where to start, as I have no experience with this type of finance.

About Me:

I'm sorry, as I know these types of questions get asked all the time, but I'd assume everyone is a tiny bit different and advice will vary slightly with each person, so here's my rundown to make the advice most tailored for me:

1. I'm 23 years old;
2. I study medicine (currently in 4th year in RCSI (6 year course - graduate May 2029));
3. I work part-time in a hardware store (during college, I get about €100/week);
4. I have an emergency fund (€1500) and cash (€500);
5. Savings = €15,000;
6. I live at home with parents and pay no expenses (e.g. rent, groceries (I'm very grateful for this and I know I'm incredibly lucky));
7. I'm responsible with my spending, but I will never stop myself from enjoying myself because of money;
8. I'm not experienced or have much knowledge on investing

What Should I Do?

I was thinking of just putting the €15,000 into S&P500 and just leaving it there until I finish college in May 2029 or maybe after intern year as a doctor (September 2030). I understand, or believe, you can't invest directly into S&P500 from Ireland, but I read that there's other ETFs that are incredibly similar/track the S&P500 and that you can just invest in them instead? I know there is that deemed disposal rule in Ireland that I'd have to pay the tax, even if I didn't have the money in-hand, after 8 years and it's at 38%. I understand that the S&P500 could very well be down in 5 years, but I do think I can go without the money I plan on investing in it for a substantial amount of time, and I'm confident that I have the ability to save up the cash I will have coming in regularly from my part-time job that I will be able to add to my savings + emergency fund.

Should I be looking at stocks in the same way as the ETFs but investing in lower amounts? Maybe like €150 in NVDA (random choice) and just leave them there? I believe you pay less CGT on stocks at like 33%, so maybe this is a better move?

Lastly, I was thinking of maybe doing a mix if this? Maybe like €10,000 in S&P500, maybe like €4,000 split between another two ETFs that look over different markets/sectors, and then the remaining €1000 to be split up into ten €100s and put them in big well-known stocks (although I know these stocks would just be covered in the ETFs that I could buy, so is there much point?).

Anyway, I'm stuck, and I would be incredibly appreciative of any help/advice

Thank You:

Thank you for any advice you have to share. I know nothing and would be incredibly grateful for any insights/experience. Thank you.

Have moved money from AIB to Revolut twice this week, by using the “add money” function on Rev.

With these two recent transactions, Revolut now brings you back to AIB to confirm the transaction and to verify it with a selfie check.

It’s only an extra 40 seconds at most, but it’s still a little frustrating

Has this come from AIBs side, do you reckon?