As we approach the income tax deadline, which is in November for online returns.
Individuals will begin to receive their tax bills and at this time, the best way to get a reduction on your tax bill is to make a personal pension contribution.
When you get your tax bill and you pay tax it goes to the provision of government services, so you can’t get the money back.
When you make a pension contribution you invest in yourself for retirement and the beneficiary of the pension will be you.
When you claim it at retirement age, not only does it help to reduce your tax bill, but ultimately you’re saving for yourself.
Given the investment markets at the moment I believe individuals might be concerned about investing and potentially incurring a loss.
So there are some very low-risk fund alternatives, temporary funds albeit, available but for long-term investors, I do believe there is value at the moment to be gained.
If you found this article helpful and would like to learn more about how to invest your money, feel free to connect and start a conversation or contact me directly at +353 (87) 778 5325