Have you ever wondered if your bank has the authority to close your account? The prospect of a sudden account closure can be unsettling, but it’s crucial to be aware of the circumstances under which a bank may take such action. Let’s explore the reasons behind bank account closures and what you can do to …
Have you ever dreamed of starting your own business, but you’re not sure where to start? The Short-Term Enterprise Allowance (STEA) is here to help! Let’s break down what this support. Short-Term Enterprise Allowance (STEA) What is STEA? The Short-Term Enterprise Allowance (STEA) is like a helping hand for people who want to begin their …
Prepare to take control of your financial future with the upcoming introduction of Auto-enrolment, a revolutionary pension savings scheme anticipated to launch in late 2024. This initiative targets specific employees not currently contributing to a pension, automatically enrolling them in the scheme while allowing an opt-out option after 6 months. Auto-Enrolment in the New Pension …
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The minimum wage structure incorporates age-based variations, shaping the compensation landscape. This article offers an in-depth exploration of Ireland’s 2024 minimum wage, complete with a detailed table illustrating the financial outlook for workers. 2024 Minimum Wage Rates in Ireland 2024 Minimum Wage Rates in Ireland: Employees aged 20 and above receive a minimum wage of …
Step 1: Understand the Concept A Mortgage Interest Tax Credit (MITC) is a form of tax relief based on the qualifying mortgage interest paid for your home in a given tax year. 10 Steps to Applying for the New Mortgage Interest Tax Credit Step 2: Check the New MITC Introduced in Budget 2024, the MITC …
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Claiming tax relief might seem daunting, but it’s easier than you think! Here’s a simple breakdown of what you can claim and how to do it: Things you can Claim Tax Relief for 1. Medical Expense Relief: You can get back 20% on most medical expenses, like GP visits, prescribed physiotherapy, and more. If you …
Thousands of workers in Ireland are losing out on substantial amounts of unclaimed tax each year, with many potentially entitled to at least €1,880, warns the Revenue. The call comes as an estimated €180 million in unclaimed tax refunds for the year 2022 alone has been identified, prompting tax experts to urge PAYE workers to …
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Denied boarding occurs when an airline refuses to accommodate you on a scheduled flight, even though you have a valid ticket, the necessary documentation (e.g., passport, visa), confirmed your reservation, and arrived for check-in within the airline’s specified time limit. This can happen when airlines sell more tickets for a flight than there are available …
What is the Additional Needs Payment The Additional Needs Payment is a Supplementary Welfare Allowance payment that you may apply for if you have essential expenses that you cannot pay from your weekly income or other sources (e.g maintenance or savings). Additional Needs Payment The Additional Needs Payment can help you with an expense that you cannot pay from …
Budget 2024 has brought some exciting news for both renters and landlords in Ireland, with significant changes in housing-related measures that aim to make living arrangements more affordable and sustainable. Let’s dive into these updates: Relief for Renters and Landlords 1. Rent Tax Credit Increase: More Savings for Tenants The rent tax credit, which has …
