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The bank of mom and dad

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By Ted Healy of DNG TED HEALY

As young first-time buyers continue to struggle to get on the property ladder, the traditional 'bank of mom and dad’ is receiving increased public support.

According to a new survey conducted by taxback.com, 59% of taxpayers believe parents should be allowed give children a leg up the property ladder if they are fortunate to be able to do so.

A majority of those surveyed said parents should be allowed to gift their children as much as they want, without tax implications for either side.

The counter argument here is of course fairness to all house hunters, and the extra pressure this heaps on those who cannot provide financial assistance for their children.

Almost 42% of first-time purchasers availed of financial gifts as part of their deposits with 25% of mover purchasers doing the same.

There is a swell of support for the personal choice of parents to provide financial support to their children when it comes to purchasing their first home. This is completely understandable as we all work hard to provide the very best we can for our children in order to help them on their way as much as we possibly can.

The other side of the coin here is the ‘fairness’ element, should the “haves” be able to wield more power than the “have-nots” in the property market?

For example, should a person with wealthier parents be allowed to shore up the available properties, leaving those who don’t have the same financial support on the sidelines?

If you have a case of a few different people bidding on a property, which is a scenario we are experiencing frequently, and one has the benefit of a substantial cash injection from a parent it creates a different playing field and has a knock on effect on house prices in the neighbourhood.

A question for Government and regulators is whether the 'bank of mom and dad' is becoming a banking force in and of itself?

The 'bank of mom and dad' has always been there in the background. The difference now is that it has become more prominent.

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Help reduce the appearance of cellulite  

By Jill O’Donoghue from Killarney Toning and Beauty Studio Needless to say we all know what cellulite looks like, but there are many ways to reduce its appearance and help […]

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By Jill O’Donoghue from Killarney Toning and Beauty Studio

Needless to say we all know what cellulite looks like, but there are many ways to reduce its appearance and help us look and feel better about it.

Yes, people often assume it’s down to a weight issue but it is associated with diet and exercise. It can affect all ages, male and female. There are many ways to help reduce and eliminate it.

Nothing can substitute for eating a healthy diet and getting enough exercise. Just as with other signs of ageing, cellulite is best managed first and foremost by focusing on maintaining a healthy weight long term. But certain topical treatments may help it become less noticeable and improve skin’s overall appearance, if used regularly. Dry body brushing is one technique to try by brushing upwards every day towards the heart for increased blood circulation.

Using anti-cellulite products can help if you are doing regular exercise and watching your diet, but if you feel you need a boost to get you headed in the right direction, there is a few different salon treatments that can be of benefit.

The Universal Contour Body Wrap is a great treatment which results in inch loss due to the detoxing effect of the sea clay or also the Electro Cellulite Massage rollers (ECM) by CACI Machine, which is a 12-session course over four weeks, this is recommended for desired results.

Pilates is always an amazing lifestyle choice. Having the toning tables for the past 30 years in Killarney, we are lucky to hear the amazing results from our clients past and present. Some have even been with us since we started! The male and female reviews have reported reduced cellulite with weekly appointments, improved posture, increased energy and mostly reduced cellulite.

To book an appointment or to find out more information, call 064 6632966. 

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Car dealers are now hubs for Ukrainian donations

Two Kerry-based car dealers are part of a national campaign to provide essential aid for Ukraine. Donagh Hickey Motors in Rathmore and Adam’s of Tralee are the two local garages […]

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Two Kerry-based car dealers are part of a national campaign to provide essential aid for Ukraine.

Donagh Hickey Motors in Rathmore and Adam’s of Tralee are the two local garages that have signed up for the project.

Under the scheme, the garages will be used as collection hubs for essential equipment that will be transported to the war torn country.

“We have a very large and loyal customer base and we are appealing through them to make donations,” Adam’s of Tralee General Manager, Marcus O’Shea, told the Killarney Advertiser.

“Any dealer could have signed up for this but we are one of only two in Kerry to do so.”

The garages, following advice from humanitarian agencies in Ukraine, have created a very specific list of what is urgently needed out there.

These include generators, solar battery chargers, batteries, power banks, flashlights, drones and tablets.

Medical equipment like First Aid kits (NATO standard) and other medical items are also sought.

People can assist by either dropping goods to the two garages or by making a donation via www.safeharbourforukraine.org.

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