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Are you about to overpay your taxes… again?
Every year, Irish taxpayers leave €400 million in unclaimed reliefs behind them. And no, it’s not because they’re lazy. It’s because their accountants aren’t telling them about the biggest legal tax breaks available. Not because accountants are bad people, but because their job is to look backwards and file your taxes, not to look forwards and minimise them.
In this week’s Ask About Wealth episode, we break down 3 powerful, legal strategies that could slash your tax bill in 2025.
If you’re a business owner or high earner, these are worth thousands every year\
Note: There are visual aids in this episode, so you might prefer to watch this one on YouTube - https://www.youtube.com/watch?v=kmf_Y3Cx6ns
🇮🇪 Ask About Wealth helps high-earners in Ireland keep & grow wealth
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Most property investors in Ireland are leaving thousands of euros on the table.
In this episode of Ask About Wealth, Paul sits down with Philip O’Connor, Managing Director of CA Partners, a specialist in capital allowances for property investors and businesses. Philip reveals how Irish taxpayers, individuals, landlords, and business owners are missing out on legitimate tax relief simply because they don’t know it exists or lack the right expertise to claim it.
✅ What capital allowances are and why they matter
✅ Why most accountants don’t identify all the allowances you’re entitled to
✅ How you can retroactively claim allowances for up to 4 years and get cash refunds from Revenue
✅ The kind of properties and expenses that qualify
✅ Two real client examples where missed claims turned into tens of thousands in savings
00:00 Introduction to the Ask About Wealth Podcast
00:29 Meet Philip O'Connor: Capital Allowances Specialist
02:02 Understanding Capital Allowances
02:26 Types of Capital Allowances
04:15 Claiming Capital Allowances: Process and Benefits
08:11 Missed Opportunities and Retroactive Claims
13:32 Detailed Breakdown of Property Purchases
22:41 Client Case Study: Rental Properties
23:25 Analysing and Correcting Tax Claims
24:22 Significant Tax Savings for Clients
29:04 The Importance of Specialist Expertise
36:31 The Role of Revenue in Tax Claims
40:46 Encouraging Property Owners to Claim Allowances
If you own an investment property, are developing or refurbishing a building, or have spent serious money on your business premises, you’re probably entitled to more tax relief than you think.
This episode could put money back in your pocket.
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
https://linktr.ee/askaboutwealth
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Should You Repay Your Mortgage Early? The Pros & Cons Explained.
In this episode, we delve into the question of whether you should repay your mortgage early. With recent statistics showing substantial mortgage debt in Ireland, we examine the pros and cons of early repayment versus investing the money.
Utilising real-life examples and detailed calculations, we compare the financial and emotional impacts of both strategies. From guaranteed returns and peace of mind to opportunity costs and investment returns, this comprehensive guide will help you make an informed decision based on your financial priorities and risk appetite.
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
https://linktr.ee/askaboutwealth
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In this episode of Ask About Wealth, Paul tackles one of the most misunderstood yet life-changing ideas in finance: the FIRE movement, Financial Independence, Retire Early. With just 3% of Irish people believing they can retire by 55, Paul explores why the majority are stuck in the rat race and how you can break free.
Learn how to calculate your financial freedom number, avoid the traps set by biased financial advice, and understand the real impact of tax and fees on your wealth. This episode offers a clear, actionable roadmap to becoming financially free, even if you’re starting late.
Key Takeaways:
You can use the Financial Freedom calculator here:
https://askaboutwealth.ie/tools/financial-freedom-calculator
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
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In this episode of Ask About Wealth, Paul sits down with Andrea McNamara, Director, Private Client Law at EY Ireland, to dissect the real-life pitfalls of inheritance planning in Ireland. From outdated wills to misunderstood tax implications.
If you want to understand inheritance tax in Ireland, then this episode is essential listening.
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
https://linktr.ee/askaboutwealth
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Using a cautionary tale from the Celtic Tiger days and hard-earned experience, Paul exposes how biased information leads to poor decisions, and why impartial guidance is rarer (and more valuable) than most people realise.
Key Takeaways:
If you want to make smarter, more informed financial decisions, without getting sold to then this episode is essential listening.
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
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In this episode, Paul sits down once again with Aidan McLoughlin, Group Managing Director of ITC, to discuss how pensions can be used far beyond traditional retirement saving, as powerful tools for long-term wealth accumulation, tax sheltering, property investment, and legacy planning.
They also dig into Malta-based retirement structures, why more Irish clients are using them, and how they can legally reduce tax and increase flexibility.
Some episode highlights:
•The overlooked tax and asset protection benefits of private pension structures
•How Irish pension rules compare to Malta’s, and why flexibility matters
•Pension borrowing, non-recourse lending, and property investing within your fund
•The mistake in pension death benefits most people don’t see coming
•Why early pension planning is now more crucial than ever
This is a must-listen for entrepreneurs, consultants, and professionals looking to preserve wealth, protect family assets, and retire on their own terms.
Join The Masterclass:
https://askaboutwealth.ie/MasteringYourFinances
Ask About Wealth helps Ireland’s high earners preserve and grow wealth:
https://linktr.ee/askaboutwealthJoin the Masterclass:
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In this episode, Paul talks with private equity expert Kevin MacSweeny about how entrepreneurs can release equity, unlock value, and scale their businesses. Without losing control.
Key takeaways:
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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Sole Trader vs. Partnership vs. Limited Company: Which is Best for Your Business in Ireland?
In this video, we delve into the three primary business structures in Ireland. Sole tradership, partnership, and limited companies. We explore the tax implications, risks, and wealth creation potential associated with each structure.
Learn why limited companies often offer superior tax benefits and greater asset protection. If you're deciding on the best structure for your business, this video provides essential insights to help you make an informed choice.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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Markets are down, headlines are panicking, but should you be?
In this episode, Paul explains why most investors worry at exactly the wrong time and how to stay calm, rational, and profitable when markets drop.
💡 You’ll learn:
- Why "you haven’t lost money" unless you sell
- How pensions = stock market exposure (whether you realise it or not)
- The truth about lifestyle funds and automatic sell signals
- Why capitalism is built to boom and bust
- The McIlroy mindset every long-term investor needs
If you’re invested in the stock market directly or through a pension this is essential listening.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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This Week on the Ask About Wealth Podcast
Not all investments are created equal, and not all of them should do the same job.
In this episode, Paul breaks down the real reason most people mess up their investment strategy, and how to avoid it with the core and satellite approach.
💡 You’ll learn:
This is essential listening if you’re building, protecting, or passing on serious wealth.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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This week on the Ask About Wealth Podcast we sit down with international tax strategist Peter Ferrigno to unpack the misunderstood world of tax residency and citizenship by investment and how the right move at the right time could legally save you millions.
In this episode:
🔹 Why residency planning matters long before a liquidity event
🔹 The truth about “Golden Visas” and how they really work
🔹 How to legally reduce (or eliminate) tax on capital gains, pensions, or dividends
🔹 The biggest misconceptions about becoming tax resident abroad
🔹 How high-income earners can access EU or global residency from €250K
This episode is a must-listen for anyone considering selling a business, relocating, or building global wealth intelligently.
You can get in contact with Peter directly here: https://www.instagram.com/peter.ferrigno/
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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This week on the Ask About Wealth Podcast we’re joined by property investor and educator Gavin J. Gallagher, who went from a €60M fortune to -€16M debt, and rebuilt. This is a rare look inside the mindset, mistakes, and learnings of someone who has truly been through it all.
In this episode:
🔹The mindset traps that lead investors to over-leverage and under-think
🔹The 4 key forces that impact every investor, and how to manage them
🔹When (and how) to use leverage, structure, and private capital in property
🔹Why most people get property due diligence completely wrong
Essential listening for anyone serious about building wealth through property, and keeping it.
You can learn more about Gavin's coaching business here: https://www.elitepropertyaccelerator.com/
You can follow him on YouTube here: https://www.youtube.com/@behindthefacade
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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In this episode of Ask About Wealth, we delve into the much-asked question: Should you borrow to create wealth?
The straightforward answer depends on a thorough analysis of the costs involved, which are far more than just the interest rate.
The video explores various costs including APR (Annual Percentage Rate), application fees, insurance, tax implications, and the time value of money. It emphasizes the importance of understanding all these factors to ensure that the return on investment outweighs the total cost of finance.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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This episode features Ken O'Malley shares his journey from a long career in aviation to entrepreneurship.
In this episode, you'll hear about:
• Ken's background at Shannon Aerospace
• His motivation for leaving a well-paid job to seek more control over his time.
• Early entrepreneurial steps with a crèche and a takeaway business, highlighting the importance of understanding profit and loss.
• Influences like "Rich Dad Poor Dad", which shaped his understanding of financial and decision-making differences.
• Insights from the aircraft leasing industry, which is fundamentally a financial business.
• The value of seeking expert advice, referencing his positive consultation experience.
Learn about entrepreneurial mindset, continuous improvement, the power of expertise, and the importance of financial understanding from Ken O'Malley's diverse business experience.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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This week on the Ask About Wealth Podcast we're joined by Brian Keane. Personal trainer, business coach, digital entrepreneur, bestselling author, podcast host, extreme endurance athlete, and founder of Brian Keane Fitness
From walking out of a teaching career to going broke twice to success in business, Brian shares th story behind his entrepreneurial journey.
Brian talks openly about mindset blocks, building a business from scratch, monetising a personal brand, and why most people confuse time management with energy management.
Episode Highlights:
• The mindset traps that stop people from starting
• How Brian built a business he’d never want to retire from
• The financial mistake that cost him €50k
• Going from trading time for money to scaling income online
• Why most entrepreneurs ignore planning — and why it costs them
A high-energy episode packed with practical insights for any entrepreneur, side hustler, or creator looking to build something sustainable.
You can get in touch with Brian here:
https://briankeanefitness.com/
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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In this episode of Ask About Wealth Pauls discusses the importance of tax planning for business owners and provides legitimate methods to minimise tax liabilities.
The strategies are divided into three categories: short-term, long-term, and complex tax savings.
00:00 Introduction to Tax Avoidance for Business Owners
01:04 Short Term Tax Savings Strategies
05:48 Long Term Tax Savings Strategies
11:01 Complex Tax Breaks and Planning
12:36 Conclusion and Final Thoughts on Tax Planning
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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In this episode of the Ask About Wealth podcast, we sit down with entrepreneur John Larkin, founder of The Black Stuff.
John shares the highs and lows of his entrepreneurial journey, from professional poker to scaling a handmade soap business into a global brand.
This episode is a must-listen for anyone considering starting a business, making a career pivot, or looking to understand what it really takes to build something from scratch.
Key Takeaways:
🔹 From poker to product: John’s unconventional path to entrepreneurship
🔹 How The Black Stuff was born during lockdown, and why action beats overthinking
🔹 The role of branding, consumables, and repeat customers in eCommerce success
🔹Why building a financial “war chest” matters before leaving a secure job
🔹 The importance of tax and succession planning early in your business journey
Tune in to hear real, practical insights from someone who built a business by hand, literally.
You can get in touch with John through his website here:
https://theblackstuff.com
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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In this episode of Ask About Wealth, we dive into the reality of Ireland’s high-tax environment and how you can legally minimise your tax burden.
From income tax to capital gains, levies, and excise duties, we explore the hidden costs that eat away at your earnings. More importantly, we uncover the powerful tax reliefs and incentives that allow you to control where your money goes rather than letting it disappear into government waste. If you want to keep more of what you earn while still contributing to the economy in a meaningful way, this episode is a must-listen.
Key Takeaways:
If you believe you’re paying too much tax (hint: you probably are), tune in to this episode to learn how to legally and strategically take control of your finances.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
Hosted on Acast. See acast.com/privacy for more information.
In this episode of the Ask About Wealth podcast we deep dive into the mortgage market. With interest rates shifting, supply still a major issue, and new mortgage products on the market, this episode is packed with actionable insights.
Whether you’re looking to buy your first home, release equity, or simply make smarter financial moves, this discussion will help you navigate the property landscape with confidence.
Key Takeaways:
🔹 The latest on interest rates, new lenders, and shifting banking policies.
🔹 How Mortgage Approval Really Works
🔹 How existing rental payments prove repayment capacity.
🔹 Government Schemes for Buyers
🔹 Equity Release Explained
If you’re in the market for a mortgage or planning a property investment, don’t miss this one.
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
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