askpaul Blog

Understanding the different types of Protection Policies   

Understanding the different types of Protection Policies   

Understanding the different types of Protection Policies  Choosing a protection policy can be confusing. From mortgage protection to serious illness cover, knowing your options is key.  Mortgage protection is insurance designed to pay off your mortgage in the event of...

A Guide to Level Term vs. Decreasing Term Mortgage Protection. 

A Guide to Level Term vs. Decreasing Term Mortgage Protection. 

A Guide to Level Term vs. Decreasing Term Mortgage Protection.  When it comes to safeguarding your home and family's financial future, mortgage protection is key. In Ireland, two common options are Level Term and Decreasing Term.    Level Term Mortgage Protection ...

An Easy Guide To Estate Planning 

An Easy Guide To Estate Planning 

An Easy Guide to Estate Planning Estate planning is important for anyone who wants to protect their assets and ensure a smooth handover to the next generation. Practical planning tools to get started:   A Will: This is a legal document prepared by a Solicitor that...

Simplifying Section 72: Paying Less Tax on Inherited Policies 

Simplifying Section 72: Paying Less Tax on Inherited Policies 

Simplifying Section 72: Paying Less Tax on Inherited Policies Simplifying Section 72: Paying Less Tax on Inherited Policies  When managing your money, understanding taxes is an important element of Estate Planning. One area that can help you transfer your  family...

Setting Financial Goals

Setting Financial Goals

Setting Financial Goals Setting clear and achievable personal financial goals is the key to shaping a secure financial future. In this blog, we're here to guide you through the process, aligning your goals with your aspirations and current life circumstances.  Look...

Mortgage Application Process

Mortgage Application Process

Mortgage Application ProcessA step-by-step breakdown of the mortgage application process:  Step 1 - Complete the Application Form  The mortgage application form must be filled out with all the necessary details, including your name, address, date of birth, amount you...

This Time Next Year: A Journey to Financial Success 

This Time Next Year: A Journey to Financial Success 

This Time Next Year: A Journey to Financial Success Picture this: this time next year, imagine a life where financial uncertainty has been replaced with confidence and doubt has been replaced by security How do we turn this vision into reality? The answer lies in the...

Securing Your Future: The Importance of Financial Planning 

Securing Your Future: The Importance of Financial Planning 

Securing Your Future: The Importance of Financial Planning The need for a solid financial plan is often overlooked. Many individuals might find themselves caught up in daily life, forgetting to plan for their financial future.   In this blog, we will explore why...

Grab Tax Benefits Now: Boost Your Pension Savings! 

Grab Tax Benefits Now: Boost Your Pension Savings! 

Grab Tax Benefits Now: Boost Your Pension Savings! We've got some great news that'll help you keep more money in your pocket. So settle in, and let's talk about how you can make the most of tax relief through your pension contributions.  We understand that life can...

The Remarkable Advantages of Early Pension Contributions

The Remarkable Advantages of Early Pension Contributions

The Remarkable Advantages of Early Pension ContributionsWhen it comes to personal finance, few strategies hold the potential to shape a more secure and fulfilling retirement than making early pension contributions. This proactive approach not only empowers individuals...

Building a solid Financial Future

Building a solid Financial Future

Building a Solid Financial FutureCreating a successful financial plan may seem like a complex puzzle, but fear not! At askpaul, we've broken it down into three key areas: protect, grow, and replace. With our expertise, we'll guide you through each step to help you...

Retire at 50 by Achieving Financial Freedom

Retire at 50 by Achieving Financial Freedom

Retire at 50 by Achieving Financial FreedomRetire at 50 by Achieving Financial Freedom Financial freedom is a goal that many of us aspire to achieve. The idea of retiring at 50 and enjoying a life free from financial worries is a dream shared by many. In this blog...

Investing 101: A Beginner’s Guide to Building Wealth in Ireland

Investing 101: A Beginner’s Guide to Building Wealth in Ireland

Investing 101: A Beginner's Guide to Building Wealth in IrelandWhether you're dreaming of a comfortable retirement, funding your child's education, or achieving your financial goals, investing is a powerful tool to help you build long-term wealth. In this blog post,...

A Comprehensive Guide to Switching Your Mortgage in Ireland

A Comprehensive Guide to Switching Your Mortgage in Ireland

A Comprehensive Guide to Switching Your Mortgage in IrelandSwitching your mortgage in Ireland can be a game-changer, offering the opportunity to secure a lower interest rate, reduce monthly payments, and potentially save thousands of euros over the long term. In this...

What Happens To My Pension If I Die Before I Retire?

What Happens To My Pension If I Die Before I Retire?

What Happens To My Pension If I Die Before I Retire?At askpaul we understand that planning for retirement is an essential aspect of your financial life. However, it's also crucial to consider what happens to your pension when you pass away. This is especially...

What To Do With A UK Pension

What To Do With A UK Pension

What To Do With A UK PensionAs an Irish resident who has worked or has an occupational pension scheme in the UK, you may have pension entitlements that you've left behind. If you do, it's worth considering whether you should transfer that pension to the Irish market....

A Guide To Pension Fees & Charges

A Guide To Pension Fees & Charges

A Guide To Pension Fees & ChargesAt askpaul we feel it is essential to educate our clients about the fees and charges that come with their pension plan. Often, these charges can be disguised and confusing, making it challenging for individuals to understand what...

First Home Scheme Explained

First Home Scheme Explained

First Home Scheme ExplainedA component of the government's Housing For All strategy is the First Home scheme. It was introduced in July 2022 and is primarily intended to assist first-time buyers in bridging the difference between the amount they are permitted to...

Help-to-buy Scheme Explained

Help-to-buy Scheme Explained

Help-to-buy Scheme ExplainedThe Help-to-Buy incentive, commonly referred to as the Help-to-Buy scheme, is a government tax refund scheme created to aid first-time homebuyers in obtaining the deposit for a newly constructed home. Borrowers are only permitted to claim a...

Mortgage Refusal Reasons & What To Do Next

Mortgage Refusal Reasons & What To Do Next

Mortgage Refusal Reasons & What To Do Next A mortgage rejection may be disheartening, but it doesn't always mean you won't be able to gain approval again. Here are some of the common reasons for a mortgage refusal & ways to help you resolve the situation and...

Documents needed for a Mortgage application

Documents needed for a Mortgage application

Documents needed for a Mortgage application In order to be as organised as possible, you should have the following information available to offer to your potential lender or broker. Your deposit  Before applying for a mortgage, you need to be aware of the Central...

Top 10 Mortgage FAQs Answered

Top 10 Mortgage FAQs Answered

Top 10 Mortgage FAQs Answered No two homebuying experiences are the same, but most buyers start in the same place: with questions. From qualifying for a mortgage to interest rates and fees, discover the answers to homebuyers' most pressing mortgage questions. 1....

A quick guide to all Mortgage Terms

A quick guide to all Mortgage Terms

A quick guide to all Mortgage TermsUnderstanding mortgage terminology is essential when comparing and applying for a mortgage. To help, here’s our guide with some of the most common mortgage terms you’re likely to encounter in your mortgage journey. 1. Interest rates...

How to claim income tax relief on Revenue.ie

How to claim income tax relief on Revenue.ie

How to claim income tax relief on Revenue.ieStep 1: Revenue HomepageRevenue website. https://www.revenue.ie To start, click “My account” at the top right hand corner of the page.Step 2: Sign In This will bring you to the Sign In page. If you have not yet registered on...

52 Week Savings Challenge

52 Week Savings Challenge

Starting Your Year Right: askpaul 52 Week Savings Challenge!Every January we launch this savings challenge to help people start their year right by creating great saving habits and to build a nice pot of money to help them start their investing journey or to pay for...

Do you have unclaimed tax benefits?

Do you have unclaimed tax benefits?

Do you have unclaimed Tax Benefits?According to experts, the Irish people are leaving hundreds of millions of euros on the table in unclaimed tax back. In 2021 alone, some 450,000 taxpayers overpaid Revenue to the tune of €300m. Revenue works on the basis that income...