Ask About Wealth

In Episode 15 of the Ask About Wealth podcast, we welcome Kevin Canning to dive into the world of private investments tailored for high-net-worth individuals.This episode explores:Private vs. Public Markets: Understanding the advantages and unique opportunities in private investments.EIS Funds Explained: How Enterprise Investment Schemes (EIS) offer significant tax relief and diversify risk across businesses.Balancing Risk and Return: The importance of promoter "skin in the game" and real estate-backed investments in mitigating risk.Tax-Efficient Strategies: From 50% tax relief with EIS funds to leveraging 12.5% corporate tax rates for lending businesses.Investor Due Diligence: Why working with regulated advisors ensures better oversight and investor protection.This episode is a must-listen for anyone interested in tax-advantaged investment options beyond the mainstream.Ask about wealth helps Ireland’s high earners preserve and grow wealth. Learn More: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

2024 was full of lessons, Paul shares a quick overview of what he learned about building wealth, managing risks, and staying ahead as a high earner.Learn more at askaboutwealth.ie Hosted on Acast. See acast.com/privacy for more information.

In Episode 14 of the Ask About Wealth podcast, we explore the surprising ways psychology can influence financial success with psychologist and clinical hypnotherapist Jason O'Callaghan, founder of d4clinic.ie. Together, we uncover insights into the connection between mindset and money,including:The Power of Writing It Down: How putting financial goals on paper can double your chances of success.Accountability in Action: Why surrounding yourself with the right people can make or break your financial plans.Turning Fear Into Fuel: Overcoming anxiety and rewiring your mindset to embrace calculated financial risks.Habits That Drive Wealth: Building daily disciplines to stay focused and committed to your goals.Lessons from the Successful: What high achievers and entrepreneurs get right about managing money and mindset.This episode is packed with actionable advice and psychological strategies to help you master your finances.You can get in Contact with Jason here:Website: https://www.d4clinic.ie/Instagram: https://www.instagram.com/hypnotist_jason_ocallaghan/TikTok: https://www.tiktok.com/@jasonthehypnotistThanks for listening to this week's episode and make sure to tune in again next week for more actionable insights to help you build and preserve your wealth.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In Episode 13 of the Ask About Wealth podcast, Paul welcomes Ger Conroy, founder of Ger Conroy Fitness, to discuss the financial realities of building a thriving business.From opening his first modest gym studio to managing multiple locations and an academy, Ger shares his journey of balancing passion for fitness with the challenges of managing and growing a business.This episode focuses on the financial side of entrepreneurship, including:Starting out with limited funds and learning to reinvest profits.Transitioning from a sole trader to a limited company and the lessons learned along the way.Managing business growth during challenging economic times.The critical role of professional financial planning.Navigating taxation, understanding interest rates, and ensuring long-term financial stability.Whether you're an aspiring entrepreneur or a seasoned business owner, this conversation provides invaluable insights into the financial hurdles and opportunities on the path to success.You can get in touch with Ger Conroy and follow them here:https://www.gerconroy.ie/https://www.instagram.com/gerconroyfitnessUntil next weeks episode, thanks for listening.Ask about wealth helps Ireland’s high earners preserve and grow wealth.📱 Book a 1-1 consultation✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In Episode 12 of the Ask About Wealth podcast, we confront a subject most prefer to avoid: planning for life’s certainties, including the inevitability of death.Paul delves into the often-overlooked complexities surrounding retirement funds, inheritance, and succession planning. Joined once again by Aidan McLoughlin, CEO of ITC and author of Pensions, Revenue, Law and Practice, they explore the critical need for proactive estate and pension planning.This episode unpacks:The tax implications of passing on pension assets.The importance of writing a letter of wishes for pension trustees.Differences in pension treatment for children under and over 21.Real-life examples of unexpected complications in succession planning.Why making a will and revisiting it regularly is vital.Whether you’re a high-income earner managing significant assets or just starting your financial planning journey, this episode is a must-listen. Aidan and Paul provide actionable insights to ensure your assets are distributed according to your wishes and that your loved ones are well-protected.Tune in to learn how thoughtful planning today can prevent challenges tomorrow.🇮🇪 Helping high earners preserve and grow wealth.📱 Book a 1-1 consultation📖 Read the book🎙️ Listen to the pod✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Ask About Wealth podcast, we dive into one of the largest financial decisions most people make, buying a home.Paul is joined by industry expert Michael to explore how high-income earners in Ireland can maximise their opportunities in the property market. Whether you’re buying your first home, switching for better rates, or investing in property, this episode will equip you with the tools to make smarter financial decisions.We discuss:Is Property Still a Good Investment? Michael shares his seasoned perspective on the Irish property market.The True Cost of a Mortgage: Why comparing lenders can save you tens of thousands over the life of your loan.Switching Lenders: How much can you really save, and is the process worth the effort?Equity Release: Creative uses for equity, from helping children with home deposits to funding unique life goals like surrogacy or education.Market Trends: What the arrival of new lenders like Revolut and others means for mortgage rates and competition in Ireland.The link mentioned in the episode:https://www.askaboutwealth.ie/mortgage-interest🇮🇪 Helping high earners preserve and grow wealth.📱 Book a 1-1 consultation📖 Read the book🎙️ Listen to the pod✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

With the 2025 budget fresh in everyone’s minds, we explore how new tax regulations impact high-income earners, including key adjustments to pension contributions and the increased standard fund threshold. We dive into how these changes could affect long-term wealth accumulation and offer insights for those navigating Ireland’s tax landscape.Key Highlights:Budget 2025 Recap: Unpacking the finance bill’s influence on pension contributionsMyth-Busting Property Investment: Does property investment always leads to significant returns?Mortgages and Financial Freedom: Should you pay off your mortgage early?Tune in as we discuss how high-income earners can achieve financial security while minimizing tax obligations in a challenging fiscal environment.🇮🇪 Helping high earners preserve and grow wealth.📱 Book a 1-1 consultation📖 Read the book🎙️ Listen to the pod✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

The Good, the Bad, and the Ugly of Ireland’s Latest Budget for High-Income EarnersIn this episode of Ask About Wealth, we dive deep into the details of Budget 2025, analyzing its real impact on Ireland’s high-income earners. From the slight tax reliefs to unexpected increases in stamp duty.Key Highlights:Discover why high-income earners will still pay the bulk of the nation’s tax, despite relief measures.Learn about changes in retirement fund legislation.Explore how increased stamp duty affects high-value property owners and what it means for future property purchases.Get insights into the expanded Employment Investment Incentive Scheme (EIS) for high earners looking to invest in startups while getting significant tax relief.This episode is packed with insights into how Budget 2025 affects your bottom line.🇮🇪 Helping high earners preserve and grow wealth.📱 Book a 1-1 consultation📖 Read the book🎙️ Listen to the pod✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, we're joined by Aidan McLoughlin to explore innovative pension solutions that could help you maximise your retirement savings. Discover how relocating your pension to Malta can unlock significant financial benefits, reduce tax burdens, and provide greater flexibility than traditional Irish pension schemes.Key Benefits for Listeners:Understand Pension Structures: Learn the differences between various pension types, including state, occupational, and personal pensions, and how they impact your retirement planning.Maximise Your Pension Fund: Discover how transferring your pension to Malta can remove caps on fund size, increase tax-free lump sums, and offer more control over income drawdowns.Secure Your Investments: Find out how self-administered pension structures provide enhanced security, investment flexibility, and protection from potential risks.Episode Highlights:The Malta Advantage: Aidan explains how moving your pension to Malta allows you to bypass Irish restrictions, potentially increasing your retirement pot over time.Investment Flexibility: Explore the vast range of investment options available through self-administered pensions, including property, equities, and other assets.Lower Costs, Higher Returns: Learn about the cost structure of transferring pensions to Malta, which offers a competitive fee model that can save you money compared to traditional pension providers.Tune in to this insightful discussion with Aidan McLoughlin to learn how strategic pension planning and innovative international solutions can significantly boost your retirement savings.🇮🇪 Helping high earners preserve and grow wealth.📱 Book a 1-1 consultation📖 Read the book🎙️ Listen to the pod✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, we discuss a powerful strategy for company owners to extract funds from their business without paying tax, focusing on the benefits of Executive Retirement Funds. If you're a business owner or aspiring to own a limited company, this episode offers crucial insights into how to legally transfer money into your personal wealth with minimal tax implications.Key Benefits for Listeners:Maximize Wealth Accumulation: Learn how to move significant funds from your company to your personal name without paying any tax.Tax-Efficient Contributions: Discover how these retirement funds allow you to write off contributions against corporation tax, effectively having the state cover part of your contribution.Protected Growth: Understand how these investments can offer superior returns compared to traditional salary withdrawals.Episode Highlights:Access to Funds: We can have access to retirement funds from age 50 onwards, providing flexibility and control over your money.Investment Freedom: Learn about the vast range of investment options available within private retirement fundsFuture-Proofing Your Retirement: Explore the potential to move to other EU jurisdictions for even better tax treatment down the line.The right financial strategy can make a significant difference in how much wealth you retain from your business efforts. Take control of your financial future, reduce tax liabilities, and safeguard your accumulated wealth.Tune in to Ask About Wealth now and learn how to keep more of your money working for you!🇮🇪 Helping high earners preserve and grow wealth.📱 Book a 1-1 consultation📖 Read the book🎙️ Listen to the pod✉️ Join the newsletterhttps://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.