• Tax relief for personal pension contributions is limited to 15-40% (depending on age) of relevant income up to €262,382 (for the 2007 tax year) as adjusted for inflation annually.

• You may qualify for tax relief in respect of donations made to charities and other approved bodies such ad educational institutions. Tax relief is granted to individuals at their marginal rate of tax and to trading companies at 12.5% as appropriate. The minimum donation to any one approved body if €250 in a tax year.

• Did you know that you can claim a tax deduction if you make a Deed of Covenant in favour of elderly/incapacitated parents/relatives?

• Have you made a will and considered the impact of inheritance tax? If you have drafted a will you should ensure that’s it is tax effective.

• If you are married do you hold your assets in the most tax efficient manner? Transfers of assets between spouses are exempt from stamp duty.