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The provisional bands and rates for 2021 (for 2020 household income) are outlined below and are subject to parliamentary approval in December 2020.
The income levels in each band will increase by 0.2% for inflation, but for two bands, the maximum income figure has been reduced due to the reduction in the rate of the second band from 14% to 11%.
The rates are applied on a fractional basis, meaning that each household "part" of the income is taxed progressively. For example, if a couple has a net household income of €30,000 in 2020, there are two "parts" of €15,000, with each part taxed using the scale rates.
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After our discovery call, we will summarise our understanding of your current situation and the key objectives which will ensure we're aligned with your goals.
Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.
We will implement your plan, constantly monitor and report on the performance to ensure your private wealth is optimised and aligned with your goals and working for you. Additionally, we’ll provide you with regular statements and a half yearly review to ensure that you remain up to date with any investment or tax changes and that we continue deliver for the long term.
