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Tax and Inheritance Planning

Take control of your finances today

We all know the only constants in life are death and taxes. Successful Inheritance Tax Planning seeks to minimize your family’s inheritance / gift tax liability so that as much of your wealth as is possible passes to your family.

Did you know that a child can inherit or be gifted assets / cash to the value of €335,000 over their lifetime from their parents? After this any value over €335,000 is liable to CAT (Capital Acquisitions Tax or Inheritance Tax) of 33%.

Section 72 Life Cover


A Section 72 Life Policy is a life policy whereby the proceeds of the life policy on your passing can be used by your children to pay their CAT bill.
 

  • Did you know that the current parent to child threshold for Inheritance and Gifts (CAT) is €320,000. Any inheritances including previous gifts over €320,000 is liable for CAT of 33%.


Section 73 Gift Tax Savings Plans

A Section 73 Savings Policy is a savings policy whereby the proceeds of the savings policy can be used by your children to pay their CAT bill.

 

  • Did you know that the current parent to child threshold for Inheritance and Gifts (CAT) is €320,000. Any gifts including previous gifts over €320,000 is liable for CAT of 33%.

Annual €3,000 Small Gift Exemption

You can also pay €3,000 to any individual, including child or grandchild, in a single year. This €3,000 annual gift is not then included as being part of the lifetime threshold.

Retirement Relief for Business Owners

There are generous Revenue approved reliefs from Capital Gains Tax (CGT of 33%) available to business owners selling or disposing of their business.

Entrepreneurial Relief for Business Owners

There are generous Revenue approved reliefs from Capital Gains Tax (CGT of 33%) available to business owners selling or disposing of their business. Entrepreneurial Relief allows you to benefit from a 10% rate instead of 33%.

 
Guardian Wealth can help. We have the skills and the team to provide expert financial planning and wealth management advice. We can formulate a financial plan for you that achieves your personal and financial goals, and most importantly we can explain it to you in a clear and easy to understand manner.

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Testimonials

Drawing down my Pension was a big financial decision and I was very happy I chose Guardian Wealth. Michael clearly explained my options to me and dealt with my insurance company to make sure it went smoothly. I now meet with Michael every year to make sure my retirement plans are on track. I have no hesitation in recommending Guardian Wealth.


Dr Declan Woods
Carlow

Trying to map out a personal financial plan is not an easy task. As most business owners know, we spend so much of our time making sure our business is successful, we don’t always have the time or the ability to understand what our personal finances will look like 20 or 30 years from now. Michael, in Guardian Wealth, was able to show me what I needed to do now to ensure I was going to be financially independent when I am older. We meet every year to review progress and I am more than happy to recommend him and Guardian Wealth.


Gavin Dixon
BITS (Business IT Solutions), Kilkenny

Like most business owners I put most of my energy into making sure my business is successful. Very often that leaves little time to stop and look at my bigger picture financial position, and plan for the future. I have been working with Michael in Guardian Wealth for a number of years now and it’s great to know that he has a financial plan in place for me, and meets with me regularly to make sure I am on track. I am happy to recommend Guardian Wealth.

Nuala Byrne
Burnside Autocyl Ltd, Carlow

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Take control of your finances today

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