Business Owners Archives Archive

The Directors Pension for Business Owners and Why You Should Have One.

Imagine taking the risk of setting up a business and then walking away from it empty-handed when you leave. This is not the outcome you want when the day comes for you to walk away because it would mean all your effort, struggle and sacrifice going unrewarded. Financial freedom is the driving...

Nov 08

Can I Buy a Property Through a Pension and is it a Suitable Option for Me?

Many people like the idea of owning an investment property. After all, it’s a tangible asset that tends to avoid the volatility associated with global investment markets. Buying and managing property through a pension has become popular over the years, particularly with retirees. And whil...

Mar 11

The Retirement Relief Scheme for Business Owners And How It Works.

Retirement relief is a recognition from the Irish State that a person's business represents their life work. In many cases, it can also represent their entire retirement plan. In the normal course of events, the sale of any large business asset would trigger a capital gains tax liability at 33...

Feb 01

7 Financial Risks You Face as a Business Owner And How to Overcome Them

A risk is the decision to take a course of action that has an uncertain outcome. Taking risks can make us uncomfortable because the difference between success and failure can be great, especially when the stakes are high. Starting your own business is such an endeavour because the rewards of s...

Apr 04

“Show Me The Money”
The Tax Free Cash Option for Company Directors.

Did you know that, as a company director, you can take up to 18 months worth of your salary as a standalone, tax free lump sum from age 60? Well, you can. And the amazing thing is that most business owners don’t even know this facility exists which means they could be walking away with much less...

Mar 09

How Much Can a Company Pay into a Directors Pension in Ireland?

A limited company can fund a Directors Pension for its owner up to a maximum of €2,000,000. A Directors Pension, or executive pension as it's also known, is a company pension plan set up for the benefit of one single employee. It is regulated and administered to the same degree as any other com...

Mar 08

Sole Trader or Limited Company? Read This Before You Decide.

Your legal structure is a critical business decision that has both short-term and long-term consequences. It’s a decision that everyone faces when starting a business for the first time. And that’s whether to operate as a sole trader or as a limited company. It's difficult to answer this bec...

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