Ireland’s Guide To Money And Living

Consumer watch

Consumer watch (7)

Thinking about earning some extra money from that empty room? The Irish Times’ Fiona Reddan writes this week that potential landlords shouldn’t be put off by worries over a recent announcement by the Revenue Commissioners concerning the tax liabilities of Airbnb hosts – as she notes the rent-a-room scheme means that people could earn up to €12,000 a year, tax free.

Elsewhere, there’s good news for Permanent TSB customers – the financial institution recently announced that it will offer discounts of up to 0.8% to 70,000 of its mortgage customers, as the Irish Independent reports. The offer comes at a time when finance minister Michael Noonan is meeting with mortgage lenders, and will only be available to those who switch to managed variable rate.

Finally, RTÉ Lifestyle’s Money Doctor, John Lowe, lists his top ten personal finance dos and don’ts this week. Top tips including stashing some savings for a rainy day, looking towards your retirement, and avoiding overdrafts and exceeding credit card limits.

When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.