Ask About Wealth

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.