In this episode of Ask About Wealth, we discuss a powerful strategy for company owners to extract funds from their business without paying tax, focusing on the benefits of Executive Retirement Funds. If you're a business owner or aspiring to own a limited company, this episode offers crucial insights into how to legally transfer money into your personal wealth with minimal tax implications.

Key Benefits for Listeners:

• Maximize Wealth Accumulation: Learn how to move significant funds from your company to your personal name without paying any tax.
• Tax-Efficient Contributions: Discover how these retirement funds allow you to write off contributions against corporation tax, effectively having the state cover part of your contribution.
• Protected Growth: Understand how these investments can offer superior returns compared to traditional salary withdrawals.

Episode Highlights:

• Access to Funds: We can have access to retirement funds from age 50 onwards, providing flexibility and control over your money.
• Investment Freedom: Learn about the vast range of investment options available within private retirement funds
• Future-Proofing Your Retirement: Explore the potential to move to other EU jurisdictions for even better tax treatment down the line.

The right financial strategy can make a significant difference in how much wealth you retain from your business efforts. Take control of your financial future, reduce tax liabilities, and safeguard your accumulated wealth.

Tune in to Ask About Wealth now and learn how to keep more of your money working for you!

🇮🇪 Helping high earners preserve and grow wealth.

📱 Book a 1-1 consultation

📖 Read the book

🎙️ Listen to the pod

✉️ Join the newsletter

https://linktr.ee/askaboutwealth

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, Paul Overy dives into the different business structures available in Ireland, with a focus on helping current and aspiring business owners make informed decisions. Whether you're a sole trader, part of a partnership, or considering setting up a limited company, understanding the implications of each structure on your wealth and liability is crucial.

Key Benefits for Listeners:

• Risk and Liability: Learn why sole traderships put all your personal assets at risk and how limited companies offer superior protection.
• Tax Efficiency: Discover how limited companies pay less tax, allowing you to keep more of your earnings and reinvest in your business.
• Retirement and Entrepreneurial Relief: Understand the significant tax concessions available to owners of limited companies.

Episode Highlights:

• Sole Tradership vs. Limited Company: Explore the pros and cons of each structure, with a focus on risk management and wealth protection.
• Partnership Pitfalls: Learn about the additional liabilities that come with partnerships, including joint and several responsibility.
• The Accountant's Role: Why it’s essential to get written advice when considering a switch to a limited company.

Paul emphasizes the importance of choosing the right business structure to protect your wealth, reduce personal risk, and optimize tax benefits. By the end of this episode, you'll have a clear understanding of why a limited company might be the best choice for your business.

🇮🇪 Helping high earners preserve and grow wealth.

📱 Book a 1-1 consultation

📖 Read the book

✉️ Join the newsletter

https://linktr.ee/askaboutwealth

Hosted on Acast. See acast.com/privacy for more information.

How to make smarter financial decisions in the face of inflation. By the end of this episode, you'll have a clearer understanding of how to protect and grow your wealth in an inflationary environment.

Episode Highlights:

• Inflation’s Erosion of Wealth: Explore how a 3% annual inflation rate can erode up to 45% of your wealth over 20 years.
• Investment Insights: Learn why stock markets typically outperform inflation while cash deposits do not.
• Salary and Inflation: Understand how inflation affects your income, and why getting a raise that matches inflation simply maintains, rather than increases, your purchasing power.

Key Benefits for Listeners:

• Understanding Inflation's Impact: Learn how inflation affects the real value of your wealth and income, with practical examples and statistics.
• Investment Strategies: Discover which asset classes historically outperform inflation and which ones to avoid if wealth accumulation is your goal.
• Real vs. Nominal Returns: Understand why the real return, net of tax and inflation, matters when evaluating your investments.

Tune in to Ask About Wealth now and start taking control of your financial future!

🇮🇪 Helping high earners preserve and grow wealth.

📱 Book a 1-1 consultation

📖 Read the book

🎙️ Listen to the pod

✉️ Join the newsletter

https://linktr.ee/askaboutwealth

Hosted on Acast. See acast.com/privacy for more information.