A modelling tool for regulated advisers. It recommends no product; the advice remains yours.
Two people
Each person has their own mortality, health, work, PRSI class, pensions and tax records. Married couples and civil partners are taxed as the law taxes them, and cohabitants as theirs; a marriage can be planned for a date in the future.
Who owns what
Each holding is the client's, the partner's or joint, and a home held as tenants in common carries its shares. Ownership follows the money: what one person's income buys is theirs. What passes at a death, and any rent payable if the home leaves with the deceased, is set on the form.
At the first death
- No CGT, and the base cost stepped up for whoever inherits
- The deceased's year settled, and the survivor taxed from then as the law has it
- Exit tax on funds that do not pass to a spouse
- A cohabitant inherits under CAT Group C, with Dwelling House Relief where it applies
- Pensions as the pensions page sets out; the Bereaved Partner's Pension where it is due
- The survivor's spending, set by the adviser for each client
If one of you dies first
For a couple, the Overview shows how the one left fares if either dies first, and a decision page splits the plan's futures by who dies first, both sides side by side.
An example
Laoise and Darragh live together and own their home as tenants in common, so at a death CAT under Group C, the dwelling-house relief and the Bereaved Partner's Pension's years-together test all apply.