Ask About Wealth

In this episode, we delve into the 3 worst historical budget decisions and the 3 best, we also look at current opportunities that came out of past budgets are still available. Discover how these decisions have shaped the economy and what lessons they provide for future budget considerations. 00:00 Introduction to the Irish Budget00:26 Historical Budget Highlights00:39 Top Three Budget Rules and Regulations03:02 Impact of Tax Incentives on Property Development05:55 Special Savings Investment Accounts08:05 The Worst Budget Decisions14:47 Current Tax Concessions and Future Planning16:11 Conclusion and Upcoming ContentSubscribe to stay updated on the latest budget news and insights.🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth📱 Book a 1-1 consult & financial plan🔑 Join the Masterclass✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Navigating Ireland's Most Unfair Tax: 9 Strategies to Minimise Inheritance and Gift TaxIn this episode of the Ask About Wealth podcast, we delve into the complexities of Ireland's inheritance and gift tax, detailing its history, current rates, and thresholds. We explain why this tax is considered unfair and higher than ever, largely due to thresholds that haven't kept pace with inflation. Moreover, we highlight nine legitimate methods to avoid or minimise this tax, including key reliefs such as Dwelling House Relief, Agricultural Relief, and Business Assets Relief. Additionally, we cover Section 72 insurance policies to manage tax liabilities efficiently. Tune in to learn how effective financial planning can significantly reduce your tax burden.🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth📱 Book a 1-1 consult & financial plan🔑 Join the Masterclass✉️ Join the newsletter🎙️ Listen to the podhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode, we explore the essential steps for high earners in Ireland to transform their income into lasting wealth.This comprehensive guide is aimed at helping you achieve the best financial outcome for your unique circumstances, with practical insight and strategies tailored for high earners.🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth📱 Book a 1-1 consult & financial plan🔑 Join the Masterclass✉️ Join the newsletter🎙️ Listen to the podhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Are you interested in securing a mortgage for an investment property with a premium broker? Ask About Wealth has partnered with several of Ireland's top brokers. If you'd like to be introduced to one, you can submit a request here: https://xep6a7it4qk.typeform.com/to/M04SxRktIn this episode, we explore how property investment has historically been a major wealth creator in Ireland and its potential to continue this trend in the future. Analysing recent data from the Central Bank of Ireland, we examine the substantial rise in property values and rental yields over the past decade. The video offers actionable guidance on understanding the true costs of property investment and the impact of different financing methods, cash, buy-to-let mortgages, and equity release on returns.Additionally, tax considerations and the benefits of investing through a pension fund are discussed to guide you in making informed property investment decisions.🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth📱 Book a 1-1 consult & financial plan🔑 Join the Masterclass✉️ Join the newsletter🎙️ Listen to the podhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Are you about to overpay your taxes… again?Every year, Irish taxpayers leave €400 million in unclaimed reliefs behind them. And no, it’s not because they’re lazy. It’s because their accountants aren’t telling them about the biggest legal tax breaks available. Not because accountants are bad people, but because their job is to look backwards and file your taxes, not to look forwards and minimise them.In this week’s Ask About Wealth episode, we break down 3 powerful, legal strategies that could slash your tax bill in 2025.If you’re a business owner or high earner, these are worth thousands every year\Note: There are visual aids in this episode, so you might prefer to watch this one on YouTube - https://www.youtube.com/watch?v=kmf_Y3Cx6ns🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth📱 Book a 1-1 consult & financial plan🔑 Join the Masterclass✉️ Join the newsletter🎙️ Listen to the podhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Most property investors in Ireland are leaving thousands of euros on the table.In this episode of Ask About Wealth, Paul sits down with Philip O’Connor, Managing Director of CA Partners, a specialist in capital allowances for property investors and businesses. Philip reveals how Irish taxpayers, individuals, landlords, and business owners are missing out on legitimate tax relief simply because they don’t know it exists or lack the right expertise to claim it.
✅ What capital allowances are and why they matter✅ Why most accountants don’t identify all the allowances you’re entitled to✅ How you can retroactively claim allowances for up to 4 years and get cash refunds from Revenue
✅ The kind of properties and expenses that qualify
✅ Two real client examples where missed claims turned into tens of thousands in savings00:00 Introduction to the Ask About Wealth Podcast00:29 Meet Philip O'Connor: Capital Allowances Specialist02:02 Understanding Capital Allowances02:26 Types of Capital Allowances04:15 Claiming Capital Allowances: Process and Benefits08:11 Missed Opportunities and Retroactive Claims13:32 Detailed Breakdown of Property Purchases22:41 Client Case Study: Rental Properties23:25 Analysing and Correcting Tax Claims24:22 Significant Tax Savings for Clients29:04 The Importance of Specialist Expertise36:31 The Role of Revenue in Tax Claims40:46 Encouraging Property Owners to Claim AllowancesIf you own an investment property, are developing or refurbishing a building, or have spent serious money on your business premises, you’re probably entitled to more tax relief than you think.This episode could put money back in your pocket.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Should You Repay Your Mortgage Early? The Pros & Cons Explained.In this episode, we delve into the question of whether you should repay your mortgage early. With recent statistics showing substantial mortgage debt in Ireland, we examine the pros and cons of early repayment versus investing the money. Utilising real-life examples and detailed calculations, we compare the financial and emotional impacts of both strategies. From guaranteed returns and peace of mind to opportunity costs and investment returns, this comprehensive guide will help you make an informed decision based on your financial priorities and risk appetite.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, Paul tackles one of the most misunderstood yet life-changing ideas in finance: the FIRE movement, Financial Independence, Retire Early. With just 3% of Irish people believing they can retire by 55, Paul explores why the majority are stuck in the rat race and how you can break free.Learn how to calculate your financial freedom number, avoid the traps set by biased financial advice, and understand the real impact of tax and fees on your wealth. This episode offers a clear, actionable roadmap to becoming financially free, even if you’re starting late.Key Takeaways:The 5 essential questions you must answer to calculate your “freedom number”How tax and fees silently erode your wealth, and how to stop itWhy investing through a pension can double your return vs. doing it personallyHow starting early (like Alex) can shave 10+ years off your working lifeWhy most financial advice is biased, and what impartial advice really looks likeYou can use the Financial Freedom calculator here:https://askaboutwealth.ie/tools/financial-freedom-calculatorJoin The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, Paul sits down with Andrea McNamara, Director, Private Client Law at EY Ireland, to dissect the real-life pitfalls of inheritance planning in Ireland. From outdated wills to misunderstood tax implications.When and how wills can be legally challenged Common clauses that sound good but can cause major problems laterHow trusts and family partnerships can be powerful tools in legacy planningWhy high-net-worth families often need a more sophisticated structure than just a willIf you want to understand inheritance tax in Ireland, then this episode is essential listening.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Using a cautionary tale from the Celtic Tiger days and hard-earned experience, Paul exposes how biased information leads to poor decisions, and why impartial guidance is rarer (and more valuable) than most people realise.Key Takeaways:The costly Budapest property story every investor should hearHow to tell if your financial advice is truly independentWhy even factually correct information can still misleadThe one rule Ireland’s wealthy follow, and you should tooIf you want to make smarter, more informed financial decisions, without getting sold to then this episode is essential listening.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealthJoin the Masterclass: Hosted on Acast. See acast.com/privacy for more information.

In this episode, Paul sits down once again with Aidan McLoughlin, Group Managing Director of ITC, to discuss how pensions can be used far beyond traditional retirement saving, as powerful tools for long-term wealth accumulation, tax sheltering, property investment, and legacy planning.They also dig into Malta-based retirement structures, why more Irish clients are using them, and how they can legally reduce tax and increase flexibility.Some episode highlights:•The overlooked tax and asset protection benefits of private pension structures•How Irish pension rules compare to Malta’s, and why flexibility matters•Pension borrowing, non-recourse lending, and property investing within your fund•The mistake in pension death benefits most people don’t see coming•Why early pension planning is now more crucial than everThis is a must-listen for entrepreneurs, consultants, and professionals looking to preserve wealth, protect family assets, and retire on their own terms.Join The Masterclass:https://askaboutwealth.ie/MasteringYourFinancesAsk About Wealth helps Ireland’s high earners preserve and grow wealth:https://linktr.ee/askaboutwealthJoin the Masterclass: Hosted on Acast. See acast.com/privacy for more information.

In this episode, Paul talks with private equity expert Kevin MacSweeny about how entrepreneurs can release equity, unlock value, and scale their businesses. Without losing control.Key takeaways:Why equity release can help founders de-risk and still double or triple their businessThe difference between working in the business vs. on the business, and why it mattersWhy minority equity stakes don’t mean minority control (if structured properly)How private investors access deals with real ownership and alignment, not just productsWhat kind of businesses attract private equity: the numbers, the mindset, and the journeyAsk about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Sole Trader vs. Partnership vs. Limited Company: Which is Best for Your Business in Ireland?In this video, we delve into the three primary business structures in Ireland. Sole tradership, partnership, and limited companies. We explore the tax implications, risks, and wealth creation potential associated with each structure.Learn why limited companies often offer superior tax benefits and greater asset protection. If you're deciding on the best structure for your business, this video provides essential insights to help you make an informed choice.Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

Markets are down, headlines are panicking, but should you be?In this episode, Paul explains why most investors worry at exactly the wrong time and how to stay calm, rational, and profitable when markets drop.💡 You’ll learn:- Why "you haven’t lost money" unless you sell- How pensions = stock market exposure (whether you realise it or not)- The truth about lifestyle funds and automatic sell signals- Why capitalism is built to boom and bust- The McIlroy mindset every long-term investor needsIf you’re invested in the stock market directly or through a pension this is essential listening.Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This Week on the Ask About Wealth PodcastNot all investments are created equal, and not all of them should do the same job.In this episode, Paul breaks down the real reason most people mess up their investment strategy, and how to avoid it with the core and satellite approach.💡 You’ll learn:Why your investment objectives matter more than your attitude to riskHow to separate financial freedom assets from surplus assetsThe mistake of drawing income from growth-focused investmentsWhy the financial industry’s idea of “risk” is actually just volatilityHow to match the right asset class to the right goal, using decades of history, not guessworkThis is essential listening if you’re building, protecting, or passing on serious wealth.Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This week on the Ask About Wealth Podcast we sit down with international tax strategist Peter Ferrigno to unpack the misunderstood world of tax residency and citizenship by investment and how the right move at the right time could legally save you millions.In this episode:🔹 Why residency planning matters long before a liquidity event🔹 The truth about “Golden Visas” and how they really work🔹 How to legally reduce (or eliminate) tax on capital gains, pensions, or dividends🔹 The biggest misconceptions about becoming tax resident abroad🔹 How high-income earners can access EU or global residency from €250KThis episode is a must-listen for anyone considering selling a business, relocating, or building global wealth intelligently.You can get in contact with Peter directly here: https://www.instagram.com/peter.ferrigno/Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This week on the Ask About Wealth Podcast we’re joined by property investor and educator Gavin J. Gallagher, who went from a €60M fortune to -€16M debt, and rebuilt. This is a rare look inside the mindset, mistakes, and learnings of someone who has truly been through it all.In this episode:🔹The mindset traps that lead investors to over-leverage and under-think🔹The 4 key forces that impact every investor, and how to manage them🔹When (and how) to use leverage, structure, and private capital in property🔹Why most people get property due diligence completely wrongEssential listening for anyone serious about building wealth through property, and keeping it.You can learn more about Gavin's coaching business here: https://www.elitepropertyaccelerator.com/You can follow him on YouTube here: https://www.youtube.com/@behindthefacadeAsk about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, we delve into the much-asked question: Should you borrow to create wealth?The straightforward answer depends on a thorough analysis of the costs involved, which are far more than just the interest rate.The video explores various costs including APR (Annual Percentage Rate), application fees, insurance, tax implications, and the time value of money. It emphasizes the importance of understanding all these factors to ensure that the return on investment outweighs the total cost of finance.Should You Borrow to Create Wealth?Understanding the True Costs of BorrowingBreaking Down Additional CostsThe Impact of Taxes and Time Value of MoneyMaking Informed DecisionsAsk about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This episode features Ken O'Malley shares his journey from a long career in aviation to entrepreneurship.In this episode, you'll hear about:• Ken's background at Shannon Aerospace • His motivation for leaving a well-paid job to seek more control over his time.• Early entrepreneurial steps with a crèche and a takeaway business, highlighting the importance of understanding profit and loss.• Influences like "Rich Dad Poor Dad", which shaped his understanding of financial and decision-making differences.• Insights from the aircraft leasing industry, which is fundamentally a financial business.• The value of seeking expert advice, referencing his positive consultation experience.Learn about entrepreneurial mindset, continuous improvement, the power of expertise, and the importance of financial understanding from Ken O'Malley's diverse business experience.Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

This week on the Ask About Wealth Podcast we're joined by Brian Keane. Personal trainer, business coach, digital entrepreneur, bestselling author, podcast host, extreme endurance athlete, and founder of Brian Keane FitnessFrom walking out of a teaching career to going broke twice to success in business, Brian shares th story behind his entrepreneurial journey. Brian talks openly about mindset blocks, building a business from scratch, monetising a personal brand, and why most people confuse time management with energy management.Episode Highlights:• The mindset traps that stop people from starting• How Brian built a business he’d never want to retire from• The financial mistake that cost him €50k• Going from trading time for money to scaling income online• Why most entrepreneurs ignore planning — and why it costs themA high-energy episode packed with practical insights for any entrepreneur, side hustler, or creator looking to build something sustainable.You can get in touch with Brian here:https://briankeanefitness.com/Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.