Freephone (1800) 808-808
Specialist wealth management &
financial advice for..
Freephone (1800) 808-808
Freephone (1800) 808-808
We'll discuss your financial goals and discover your current financial situation including where potential savings could be made.
Using our state-of-the-art planning software, you can visualise your current financial situation up to age 100. This will include our proposed strategy.
We will execute your personal or business financial plan to ensure you're set to meet your goals in the agreed timeframe.
You can check in with one of our Financial Planning Team at any time or monitor your investments directly online.
Pension plans are provided by protection companies in Ireland such as Zurich and Aviva. Generally speaking it’s easiest to think of them as savings plans with better tax benefits. If you earn over €36,800 annually you get 40% back on what you pay in. 20% back if less than €36,800. Any growth on your pension fund is tax entirely free.
You could leave the pension where it is, but this means you have less flexibility with it. You could also move it to a new company pension but the best option is generally to move it to a stanalone pension in your own name. This is called a buy out bond. You have the potential to drawdown your pension early by doing this.
A good rule of thumb for a starting point is 10% of your gross salary but it depends on a number of factors such as: when do you plan on retiring, do you already have a pension and what age you are when you start. It’s always important to consider your 20%/40% tax rebate on your contributions.
There’s no correct answer to this as it’s different for everybody. If you’re a company director – an executive pension may make sense. If you’re an employee a PRSA would make more sense, or an AVC for topping up your pension. It’s best to speak with us on a free discovery call to find out what’s most suitable for you.
The importance of understanding your risk profile is essential when investing. Your risk rating should be adjusted throughout your life, generally getting lower as you get older.
We’re big fans of the Zurich Life Child Saver plan. It allows you to put the funds in trust for your children, where they will avail of “gift tax” and your returns in our experience are much more rewarding than a bank.
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If you plan to invest for more than 3 years, the insurance companies we work with offer better returns than banks. If it’s less than 3 years, stick with the bank. There are many funds to choose from and everyones financial circumstances are different, so it’s best to speak with us first.