Archive for December, 2013

AGM Report 2013

December 13th, 2013

The annual report for 2013 is now available for download.

Click here to view the annual report

Changes to DIRT

December 6th, 2013

Budget 2014 contains the following provisions regarding Deposit Interest Retention Tax (DIRT):

From 1st January 2014 all credit union share dividend and deposit interest paid to members will be subject to DIRT, with the exception of dividend or interest paid to members who are exempt from DIRT. The only members who can be exempt are:

  • Members aged over 65 whose total income is less than the relevant limit, currently €18,000 for an individual and €36,000 for a married couple. For married couples, only one of the spouses needs to be over 65. To avail of this exemption, you must sign a self-declaration form DE1. This form is available in your credit union and is a declaration that you (or your spouse) are aged over 65 and that your total income is less than the relevant limit.
  • Members who are permanently incapacitated. Such members should either contact their local Revenue Commissioners office directly or contact a service body such as the Irish Wheelchair Association. Credit unions have no role in approving the exemption in these cases.

If you do not complete the self-declaration form, the credit union will be obliged to deduct DIRT from your dividend or interest. You will then have to apply directly to the Revenue Commissioners for a refund of this DIRT (if you are eligible).

AGM Date Announced

December 3rd, 2013

Annual General Meeting

We are pleased to confirm that our Forty-Fifth Annual General Meeting will take place in the Wetlands Centre, Ballybay on Wednesday 18th December at 8pm.  There will be a free raffle for all those in attendance and light refreshments will be served after the meeting.

We look forward to seeing you there.

 

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Ballybay Credit Union Ltd is regulated by the Central Bank of Ireland