Ep 13: Navigating the 2025 Budget: Tax Relief, Mortgages, and Inheritance Insights
In episode 13 of The Personal Finance Show, Conor Byrne Head of Wealth at askpaul & Fairstone explores the 2025 budget, spotlighting key tax reductions and financial planning strategies for individuals. He addresses public concerns regarding infrastructure and mortgage relief while outlining how increased tax bands and reduced USC charges could enhance personal savings.
Key highlights include:
– Effective Budgeting: Conor shares tips on maximising savings and understanding the implications of the new budget for personal finance management in Ireland.
– Personal Finance Impact: He discusses how the budget changes will affect personal finances, particularly regarding pensions.
– Mortgage Interest Relief: Explores the intricacies of mortgage interest relief, focusing on qualifying criteria and implications for homeowners with mortgages over €500,000.
– Inheritance Tax Insights: Conor examines the implications of inheritance tax, discussing current tax-free thresholds related to property inheritance and the financial burden it may impose on families.
Credit to : askpaul The Financial Expert