Thursday, 18th January 2018
Social media Waterford Today on Twitter Waterford Today on Facebook

Wednesday, 6th December 2017

Three of Ireland’s best-known charities have taken the unprecedented step of coming together to launch a national campaign The Refund Project which is asking members of the Irish public who can afford it, to consider donating their Irish Water refund to tackle the homelessness crisis.

At a special launch event in Dublin a national advertising campaign was unveiled and a special website refundproject.ie went live on behalf of Simon Community, Peter McVerry Trust and Focus Ireland who will be the 3 beneficiaries of the initiative.

Almost 8500 people are now homeless in Ireland and more than 3000 of these are children. The Irish Water repayment scheme will see €173 million repaid to account holders in the coming weeks and the three charities are hoping that a proportion of the monies will be donated to deal with the homelessness crisis.

A special oversight group

Read More »

Thursday, 30th November 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

"Rotten apples – we’ve a barrel full of them!”

"Surprise Surprise”, as Cilla Black would once have said.

Leo "The Limelight” Varadkar has with all the Wisdom of Solomon, decided to give his full backing to his embattled, beleaguered, Tánaiste, Minister Frances Fitzgerald. In many ways, he is very quickly becoming our very own version of the "Iron Lady”, Margaret Thatcher. He is very clearly "Not for turning!”

Over the last few days, right across our national media, he has repeated the same mantra, time after time, after time. He will, come hell or high water, not throw out, sack, dismiss, get rid of, abandon, or ask her to resign.

As a result, there has been nothing but incessant talk about a possible general election before Christmas. Come on Leo, we have barely had time to recover from "Trick or

Read More »

Thursday, 30th November 2017

John Smiles

Qualified Financial Advisor

Government Bond Yields and Pensions

Anyone with a personal or defined contribution pension requesting retirement benefits will discover unless they have a valuable guaranteed annuity locked in, they will be offered a smaller pension at retirement than previously.

There are two reasons for this – annuity rates and longevity.

Annuity rates are the rate a pension provider offers a guaranteed income for life in exchange for a lump sum. Current annuity rates for a female taking retirement benefits at age 60, is 3.34%. So that female with a pension fund of €100,000, taking their retirement benefits now, will receive a guaranteed pension for life of €3,340 pa. Once accepted by an annuitant [pensioner] the annuity rate is guaranteed for life and cannot subsequently be reduced or cancelled. Therefore, pension providers need to have a balancing source of future guaranteed income

Read More »

Thursday, 30th November 2017

Over three quarters of people in Munster (79%) will deck their homes out in festive decorations this Christmas with 15% planning to go all out with both indoor and outdoor lights and decorations. However, despite the great efforts that people in

Waterford and across Munster go to in preparing their homes for Christmas, the majority (61%) will take no steps to protect their home against season-related risks, such as chimney fires, electrical faults or boiler breakdown, in advance. That’s according to Aviva Home Insurance, who released the findings of their latest research.

The research, which was carried out by RED C on behalf of Aviva, found that paying for everything is the number one concern for 40% of people in Munster at Christmas. Other key concerns include pipes freezing (24%); power cut (22%); boiler breakdown (13%); Christmas tree going on fire (12%);

Read More »

Tuesday, 21st November 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

Are we lacking in political talent?

Over the last few weeks many, many column inches have been written, relating to our Junior Minister John Halligan's recent faux pas, thus, widening the debate further, as to whether or not Waterford has the political talent to actually make a difference to the City, County and wider South East region.

If you look at our neighbouring counties, the numerous political "big hitters" across our borders are well publicised. These TDs are aligning themselves for significant portfolios in the next Irish Government, be that 2018, 2019 or 2020.

Waterford's long term hurling foe, Kilkenny, have a five seat constituency. Both FF and FG will probably be targeting three seats in the "Black and Amber" county. Out to the "Wesht" we have the super-constituency of Cork. The two main parties of FF and FG

Read More »

Tuesday, 21st November 2017

John Smiles

Qualified Financial Advisor

Year-end worries for investors

November/December can see some of the biggest moves in markets and experts have some issues to be cautious about.

The prospect of 'no-deal' Brexit is probably the biggest worry. We are at the halfway point between the Brexit vote and the nominated date that the UK leaves the EU and if politicians can't reach a deal then the pound could weaken further putting more pressure on Irish exporters.

Brexit is not a problem for FTSE 100 companies as they get a large proportion of their earnings from overseas, but smaller and medium-sized businesses which tend to be more domestically-focused will be impacted by a 'no-deal' exit. Much of the FTSE's strength over the past year has come from the boost to firms' overseas profits due to a weak pound.

The average UK equity fund has around 42%

Read More »

Tuesday, 21st November 2017

Sixteen of Waterford's young entrepreneurs have been shortlisted for the Waterford final in the Ireland's Best Young Entrepreneur (IBYE) competition 2017.

The competition now in its fourth year is run by Waterford Local Enterprise Office. A €50,000 investment fund will be shared among three winners and three runners-up; three winners from this final will also go forward to the regional final to battle it out for a place in the prestigious national final.

The three finalists are selected from the Waterford shortlist under three categories, 'Best New Idea', 'Best Start-up' and 'Best Established Business'.

In order to help prepare the finalist for this stage of the competition, Waterford Local Enterprise Office hosted a three-day, intensive business Bootcamp. The bootcamp is designed to help participants to develop their ideas and businesses from concept stage to reality and to build a viable business plan and

Read More »

Tuesday, 14th November 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

"It's beginning to feel at lot like Christmas!"

If truth be told, that Christmas feeling seems to begin earlier and earlier each year. In fact, it appears to start right after Halloween. Once all the reduced in price "Trick or treat" paraphernalia, such as vampire costumes, werewolf masks, gory face paint, sickly marshmallow sweets and monkey nuts are gone, they're gone.

Tinsel, baubles and Christmas trees, miraculously come out as if by magic! Even the BIG man from the North, invites us to make a list, before "Black Friday" gets us all excited whilst maxing out our credit cards. Make no bones about it, we succumb to commercialisation all too easily. Even Santa's hard working wee elves are not immune to modern day pressures.

We can see evidence of Waterford making its annual Christmas statement, with the return of

Read More »

Tuesday, 14th November 2017

John Smiles

Qualified Financial Advisor

Imputed Distribution deadlines

Holders of Approved Retirement Funds [ARF] and vested PRSAs, aged 61 or older, must take a minimum annual income from their policies in every tax year called an 'Imputed Distribution'. The rate of imputed distribution is aged related. From 61 to 74, the rate is 4% pa and from 75, it rises to 5% pa. If you have a total fund from all sources of €2 million or more, the rate is a flat 6% pa from age 61.

An imputed distribution is treated as income for tax purposes; assessable to PAYE, USC and if you are under 66, PRSI. You can write off your tax credits against this tax liability. The Qualifying Fund Manager [QFM] is responsible for paying the imputed distribution and acts like your 'employer' for the purpose of making the payments. However,

Read More »

Tuesday, 14th November 2017

The soaring cost of rent as seen in the latest Daft.ie report coupled with a shortage of supply in Waterford City and County is a major concern for local Focus Ireland Manager David Niblock.

Focus Ireland has called for more urgent Government action to tackle rocketing rents as the new Daft report shows rents have shot up to a new all-time record of €1,200 per month, with rents increasing for 21 consecutive quarters. The charity warned that, despite the Strategy for the Rental Sector published 12 months ago, Government action to address the rental crisis has had very limited impact so far.

Overall, the average rent in Waterford City stands at €797, or a massive 42% from the low point in the market. Meanwhile, the average rent in the county is €760.

Focus Ireland Waterford Manager David Niblock said: "The DAFT report clearly

Read More »

Facebook

Letters to the Editor

  • OUR VIEW

    Celtic BounceThat our economy has steadily been getting better in the last number of years is something that won't be lost on most people. In fact things were so bad for so long at one period that there was no other way but up. Things are getting better but the questions have to be how much better and for whom? That there has been a bounce in our economy was witnessed by the better than average trading figures for the Christmas and New Year period. People did have more money to spend and they went ahe …

    read more »

Weekly Poll