This is Part 2 of a conversation with John Healy of Healys Insurances - if you haven't listened to Part 1 yet, we'd highly recommend it before jumping into this episode!

There's more to car insurance than claiming on accidents - it's about knowing when to use, which insurance to get and what you need to bring with you as an expat to save money on your premiums.

Talking more about Car Insurance in Ireland, I’m joined by John Healy of Healy’s Insurances, an expert with over 25 years of experience in insuring cars, homes and more. Healy’s Insurances is well-known in expat circles for helping people navigate the quirks of the Irish insurance market (though most notably for Mary Doyle, or “Mary of Healy’s!”).

In this Part 2, we dig deeper into the practicalities of insuring your vehicle in Ireland, including tips to avoid common pitfalls and how to ensure a smooth process when transitioning from foreign to Irish policies. John shares his wealth of experience, including why your no-claims bonus is invaluable, how car registration impacts your premiums, and what you need to know about imported cars.

We also bust some insurance myths, cover the pros and cons of bundling policies, and discuss what to do if you’re caught in the grey zone with your license or insurance timeline. Whether you’re planning your move or are already in Ireland scratching your head over insurance, this episode is packed with advice to help you make a plan that saves you money and gets into your car as soon as possible.

1. No-Claims Bonus is Key: Your no-claims bonus document from abroad is a must-have. Make sure it’s valid, canceled where necessary, and ready before you arrive in Ireland.
2. Car Registration Matters: Your car's reg impacts your insurance quote significantly, from its history (like past accidents) to its mileage. Check the car's insurance eligibility before buying.
3. License Logistics: Foreign licenses can work temporarily, but plan early to convert to an Irish license—especially if you’re from a country without a straightforward exchange process.
4. Imported Cars = Higher Costs: Be cautious when bringing in cars from outside Ireland, as niche models or past damages could hike up premiums or even make them uninsurable.
5. Claiming on Insurance: For minor damages, weigh the cost of paying out-of-pocket against claiming—especially if you’re a younger driver or lack bonus protection.

Contact Healys for Insurance today:

Email: info@healyinsurances.ie

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to...

It’s hard enough to get yourself organised to fly back to Ireland, but you need to start thinking about buying a car almost before anything else! The insurance, licensing, and timing it just right… there’s so much to think about!

Over the next two episodes, I’m joined by John Healy of Healy’s Insurances, an expert with over 25 years of experience in insuring cars, homes and more. Healy’s Insurances is well-known in expat circles for helping people navigate the quirks of the Irish insurance market (though most notably for Mary Doyle, or “Mary of Healy’s!”).

In this Part 1 episode, we chat about everything from the importance of your no-claims bonus, how to handle foreign licenses, and what you need to know about timelines for securing car insurance when you move to Ireland. It’s the best starting point for anyone who hasn’t bought or insured a car in Ireland, and you’ll have even more to look forward to in the next episode!

1. Your No-Claims Bonus is Key: This one-page document detailing your claims-free driving history is essential for securing competitive insurance rates in Ireland. Start organizing this early, as the policy must be canceled in your home country before the bonus is issued.
2. You Can Drive Temporarily on a Foreign License: Expats can use a foreign license for up to 12 months, but you'll need to exchange or replace it with an Irish license if you’re staying longer. The process varies based on your country of origin—U.S. license holders, for instance, face additional steps.
3. Budget for Licensing and Driving Lessons: If you're coming from the U.S., you'll need to pass a theory test and complete six driving lessons before taking the Irish driving test. Lessons can cost €40–€70 per session, depending on your location.
4. Timelines Matter: Insurance renewals can become tricky if you haven’t secured your Irish license within the first 12 months. Be proactive—schedule your licensing appointments as soon as possible to avoid delays.
5. A Tailored Approach to Insurance: Irish insurers often specialize in certain customer profiles. Expats with foreign licenses may find fewer insurers willing to quote, but brokers like Healy’s can help navigate these nuances and secure the best deal.

Contact Healys for Insurance today:

Email: info@healyinsurances.ie

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct.

On the 16th January 2025, Stephanie Wickham will be running a live webinar on the tax essentials for expats moving to Ireland.

We're used to hearing Steph talk about all aspects of expat life on the podcast, but this live session will be all about tax residency, tax domicile, taxing your investments, the Double Tax Treaty, and more!

Whether you're a U.S. Citizen who wants a change, an Irish Citizen returning after time abroad, thinking about retirement to Ireland, even if you're already here in Ireland - this session is a great way to learn the essentials you need to start getting your taxes in order.

This brilliant webinar costs €60 and is happening at 5pm GMT on the 16th of January 2025, so there's still plenty of time! Spots are limited, so sign up via the link below and get your taxes sorted!

Sign up for the Webinar (5pm Jan 16 2025)

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Hi everyone! The complications of Ireland/U.S. migration isn't lost on any professional that has a stake in making the move work. Knowing how to treat both countries from a financial perspective is difficult - especially for those of us making the move!

In Part 2 of my conversation with Sean Kearney of Amvoy Wealth, we dig even deeper into the complexities of financial planning for Irish expats in the U.S. and those with cross-border lives. Sean shares some sharp insights on managing investments, avoiding the pitfalls of overly complex tax schemes, and his core philosophy: living life first and aligning financial plans around it.

We also get into the nitty-gritty of ensuring tax compliance and explore the underestimated value of planning for a possible return to Ireland. Sean's experience and understanding of U.S.-Irish financial management shines through, and his advice is a must-hear for anyone navigating finances in both places.

This episode is a reminder that financial planning is not about cutting corners to save every last cent in tax, but rather about creating a meaningful roadmap that supports the life you want. If you're an expat or have assets on both sides of the Atlantic, Sean's practical tips can make the complexities of cross-border financial life much easier to manage.

Topics mentioned in this episode:

• Balance Life Goals with Financial Plans: Sean advocates planning for the life you want rather than obsessing over tax efficiency alone. Prioritize lifestyle needs, then find the best way to align your finances.
• Understand Tax Compliance and Reporting Requirements: For U.S.-connected individuals, understanding reporting requirements in both countries is critical, especially as financial data-sharing between the U.S. and Ireland grows.
• Consider the Impact of Currency and Tax Rebasing: Before moving back to Ireland, rebasing investments in the U.S. can save significant tax costs due to currency fluctuations and different tax structures.
• Plan Early if Considering a Move Back to Ireland: For those hoping to return to Ireland, early planning is crucial, as it can mean the difference between a smooth, tax-efficient transition and an unexpected financial hit.
• Project Management in Financial Planning: Cross-border financial planning often requires a team approach, incorporating tax, estate planning, and investment advice to ensure every angle is covered.

Contact Sean:

Email: sean@amvoywealth.com

Website: https://www.amvoywealth.com/

LinkedIn: https://www.linkedin.com/in/sean-kearney-cfp%C2%AE-870763199/

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today:

Hi everyone! The complications of Ireland/U.S. migration isn't lost on any professional that has a stake in making the move work. Knowing how to treat both countries from a financial perspective is difficult - especially for those of us making the move!

In this episode, I sat down with Sean Kearney of Amvoy Wealth, a specialist in helping Irish citizens manage their US-based finances, understand tax obligations, and plan for future moves between Ireland and the US. Sean’s expertise is second to none, and his insight into the realities of balancing US and Irish financial systems is both essential and eye-opening.

In Part 1 of our conversation, Sean shares the basics of navigating dual tax obligations, the common missteps that Irish expats encounter in US financial planning, and why keeping everything above board (no matter how tempting it might be to do otherwise) is crucial.

If you’re an Irish citizen in the US, planning a move back home, or have financial assets in either country, don’t miss Sean’s advice on staying compliant, managing investments across borders, and the importance of early financial planning! And stay tuned for Part 2 in the next episode of Taxbytes For Expats!

What you'll hear in this episode:

• The Importance of Cross-Border Financial Planning: Moving between the US and Ireland involves unique financial and tax implications, especially for Irish citizens holding US assets or green cards. Working with advisors who understand both systems can save you from costly mistakes down the road.
• Tax Consequences of Holding a Green Card: Many Irish expats seek a US green card but don’t realize the potential tax consequences when leaving the US. It’s critical to properly exit the US tax system and file necessary documentation to avoid future tax liabilities.
• Why Rebasing Investments Before Moving Matters: Selling or ‘rebasing’ assets while still under US tax jurisdiction can often reduce capital gains tax, as US rates are typically lower than Ireland’s. Proper timing here can make a significant difference in tax savings.
• Potential Risks of Unpaid Taxes and Undeclared Assets: Ignoring tax obligations on assets left in the US or in Ireland can come back to haunt expats, especially with increasing global tax transparency. Compliance is key to avoiding future penalties.
• The Value of a Cross-Border Advisory Team: Combining the expertise of Irish and US advisors who communicate directly can give expats clarity and security. This collaboration ensures compliance, optimizes tax strategies, and aligns with personal and financial goals across both countries.

Contact Sean:

Email: sean@amvoywealth.com

Website: https://www.amvoywealth.com/

LinkedIn: https://www.linkedin.com/in/sean-kearney-cfp%C2%AE-870763199/

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a...

Immigration information is a huge sticking point with people moving to Ireland, and with almost 30 years of experience in Irish immigration, Tom Ryan knows the ins and outs of the Irish Immigration System better than anyone.

Tom shares detailed information on how the Irish immigration process works, what criteria the Department of Justice is looking for, and crucial tips to make your application as smooth as possible. Tom also breaks down the financial requirements needed for retirees, explains "Stamp 0" and the other stamp types for migrants, and shares his advice on how to maximize the chances of your application being approved.

If you're thinking about immigrating to Ireland for any reason, my interview with Tom Ryan is a great starting point to set your expectations and inform you about the immigration process.

There's even a special offer of a free 30-minute consultation with Ireland Relocations! So if you're in the planning stages, send an email to grainne.convery@croningroup.ie and mention "Taxbytes For Expats" to take advantage of this offer.

Main Topics discussed in this Episode:

1. Know Your Visa Path: Irish and EU nationals don’t need to go through immigration procedures to retire in Ireland, but non-EU nationals do. It's important to plan ahead and understand the application process, which can take up to four months.
2. Income and Financial Requirements: Retirees need to prove sufficient income—€50,000 annually per individual, or €100,000 for a couple—as well as access to a lump sum of €320,000 to meet immigration requirements.
3. Stamp Zero Explained: If you're retiring in Ireland as a non-EU national, you'll need to secure a Stamp Zero, which does not allow for economic activity, meaning you'll need to be self-sufficient with no reliance on public resources.
4. Family Migration: Irish nationals can bring non-EU spouses or elderly parents to Ireland under family reunification policies. However, income thresholds apply, and the process involves several layers of documentation and proof of resources.
5. Application Timing is Key: Start your renewal process six months before your permit’s expiration to avoid falling out of status. Missing deadlines can delay applications and affect your immigration status, but the Department of Justice may offer some flexibility depending on circumstances.

Website: https://ireland-relocations.com/

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes"...

Hi everyone! This week we're lucky to be able to share an episode that I recorded with Paddy Delaney of InformedDecisions.ie in September with some background about the tax landscape in Ireland for Expats, and about ExpatTaxes.ie.

Paddy Delaney (QFA RPA APA) is the founder and owner of Informed Decisions & hosts Ireland's Independent & Award-Winning Investment & Retirement Planning Podcast. Focused on seeking financial freedom and sound advice, you should listen to his podcast alongside Taxbytes For Expats to cut through the noise, nonsense and smoke 'n' mirrors of financial services in Ireland.

Check out the Informed Decisions podcast:

Apple Podcasts: https://podcasts.apple.com/ie/podcast/informed-decisions-independent-financial-planning-money/id1150625286

Spotify: https://open.spotify.com/show/4lKmVLCNxnI8UZTtxQKR3g

Amazon Music: https://music.amazon.com/es-us/podcasts/974b7de8-b989-45d5-aca5-a4cf9dc7add3/informed-decisions-independent-financial-planning-money-podcast

Website: https://informeddecisions.ie/category/podcast/

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Hey everyone, Stephanie Wickham here again, diving into the world of tax credits in Ireland. If you're an Irish taxpayer, this one's for you! Even if you're a PAYE employee and don't need to file a tax return, there may be some tax credits you're missing out on that could put a bit of extra cash back in your pocket.

We'll chat about the different types of credits available, like the health insurance tax credit if your employer provides your cover, and the home carer tax credit for married couples with a stay-at-home parent. I'll also remind you to hang onto those medical expense and non-routine dental receipts to claim some tax back.

Main Topics discussed in the episode

• Tax credits often missed or overlooked for Irish taxpayers
• Health insurance tax credit: when an employer provides health insurance as a benefit, and the employee pays tax on that benefit.
• Home carer tax credit - available in situations where one spouse is a stay-at-home parent and the couple is jointly assessed.
• Joint assessment for married couples - the advantages and considerations when deciding to be jointly or separately assessed.
• Other common tax credits and deductions - medical expenses, non-routine dental expenses, and remote working expenses.

Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as legal or tax advice. Always consult with a qualified tax advisor or accountant regarding your specific situation. The hosts and guests of this podcast disclaim any liability for actions taken based on the information discussed.

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at info@expattaxes.ie or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

Mentioned in this episode:

Special Offer from our Trusted Partner, Currencies Direct

This episode is brought to you by Currencies Direct, our trusted currency exchange partner when transferring currency to or from Ireland. Use the link below and quote "Expat Taxes" when registering with Currencies Direct to receive a €50 One4All or Amazon voucher when you transfer €5000 or more in your first six months with Currencies Direct.

Click here for Currencies Direct Special Offer