Ireland’s Guide To Money And Living

Consumer watch

Consumer watch
Salt and sausages

The Food Safety Authority of Ireland (FSAI) has published the results of its annual salt monitoring programme, which examined 530 samples of processed food and observed ‘significant’ reductions in a number of products, including cooked ham, sausages and rashers.

“Salt plays an important role in the diet, but people in Ireland are simply eating too much of it and this increases the risk of developing cardiovascular diseases. The addition of salt at the table or in cooking by consumers can represent up to 20%-30% of a person’s total salt intake,” said Dr Wayne Anderson, FSAI Director of Food Science and Standards. “The FSAI is calling on consumers to read product labels, select low salt or salt free options when choosing products and to cut back on the high levels of salt added during cooking and at the table. If you are unsure about the level of salt you are consuming in any product please refer to the nutrition labelling Reference Intake (RI) which will give you the percentage of RI per portion of food.”

Spare space?

Struggling to pay off your mortgage or pay the monthly bills? If you’ve got a spare room, you could consider renting it out, according to the Irish Independent’s Tanya Sweeney. Following Budget 2017, the tax-free earnings threshold for the rent-a-room scheme has been increased from €12,000 to €14,000, making it an increasingly attractive proposition. Finding a tenant shouldn’t be a difficult process, given the shortage of student accommodation at present.

“…A growing number of people are realising the merits in not just a tax-free cash injection, but some younger and spirited company to boot,” Sweeney writes.

Banking online

Fed up of your current bank, or simply looking for a more attractive alternative? You could turn to Permanent TSB’s Explore account, which offers cashback on certain bills, and 10c back each time you use your card in a shop or online.

Or you could take a look at banking solely online. According to The Irish Times, existing Irish customers of N26 (which launched earlier this year as Number 26) will be among the first to have access to its Black current account, though new customers will have to wait a little longer.

“The imminent return of N26 in a broader capacity to the Irish market is a welcome development, given the lack of competition,” writes Fiona Reddan.

 

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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.
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