Stock concentration and currency risk - A significant portion of a multinational executive’s net worth may be tied to company stock, increasing financial exposure without appropriate diversification. Without diversification, reliance on a single company's stock increases financial vulnerability.

Tax-efficient share sales - The "first in, first out" (FIFO) rule typically applies when selling shares, but sales within four weeks of acquisition follow the "last in, first out" (LIFO) rule, which can be advantageous for stock-based compensation.

US Federal Estate tax considerations - Executives at US firms should consider the implications of US Federal Estate Tax (FET) if holding company stock. US FET can arise in respect of the estate of a deceased Irish tax resident person who has no connection to the US where that person leaves US assets in their estate.

Succession planning and tax efficiency - Transferring shares to children may trigger Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT), but available tax credit provisions can help offset liabilities, making it a valuable succession planning tool.

Residency and domicile complexity - Executives who have lived and worked in multiple countries may face intricate residency and domicile tax considerations.

Remittance basis taxation - Irish residents who are not Irish domiciled are taxed only on Irish-source income and gains, while foreign income remains untaxed (in Ireland) unless remitted to Ireland.

US tax implications - US citizens residing in Ireland must navigate complex tax rules, including the stringent reporting requirements and treatment of PFICs (Passive Foreign Investment Companies – a foreign entity that meets certain income and asset thresholds).

Tailored investment strategies - We help multinational executives structure investment portfolios that can help navigate these differing tax scenarios and rules effectively.

Tax efficient - Investing in a pension and contributing to it regularly is one of the most tax-efficient ways to build up a nest egg for your retirement. Your pension can bring security and financial independence, however the options and the rules can be complex.

Pension consolidation - Where you have multiple pensions from previous employments, including those from overseas, you may want to consider consolidation into a single structure to optimise return and to ease administration burden whilst ensuring you do not limit your options.

Standard fund threshold - We see the phased increase to the Standard Fund Threshold between now and 2029 as a great opportunity for clients managing the accumulation and drawdown of their pensions to take action and review their future pension funding scope.

Maximising tax-free growth - In general terms we recommend that our clients leave their pension assets unretired until income and/or lumps sums are required, while also timing drawdown to minimise the impact of chargeable excess tax where possible.

Next generation planning - Estate planning and the efficient transfer of wealth to the next generation is a key priority for clients and knowing where to begin can be challenging.

Inheritance tax - While inheritance tax shouldn’t determine your course of action when it comes to your inheritance planning, we can work with you to explore tax-efficient options and structures that help balance the trade-off between tax efficiency and control.

Tax-efficient structures - Structures such as minor bare trusts and family partnerships can be established to facilitate the tax efficient transfer of wealth to the next generation. Early planning ensures greater choice and tax opportunity.

Financial literacy - Involving children, as appropriate, from an early age in making their own investment decisions will help prepare them for long term financial success.