Hidden Money.... You might be sitting on thousands and not even know it!

November 25, 2011 admin by admin
Hidden Money.... You might be sitting on thousands and not even know it!

What would you do with an additional €500? Or perhaps as we saw in one case an extra €8,000 that you didn't know you were due?

With an austerity budget due on the 6th of December there has never been a better time to get your financial house in order. And in our opinion there is no better place to start than to spend a few minutes making sure that you get back every penny you are owed.

So who's the creditor we are talking about? Who is going to potentially give you back a chunk of money? The combined forces of MyHome.ie and Irish Mortgage Brokers will tell you how....

What we are describing is called a 'P21 Balancing Review', it is something that PAYE workers can do and by filing you go back over the last 4 years and claim back any money that you may be due for various allowable expenses.

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Do you rent? If so, that could instantly mean up to €1,600 (20% of €2,000 for the last 4 years). Did you go to a doctor or dentist over that time? Did you pay bin fees? Again, all of these are available at the 20% band.

The four main credits are:

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