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10 reasons to invest in a pension

This time of year self-assessed individuals are reminded of the fast approaching deadline for filing their end of year tax returns. This also presents an opportunity for pension planning and tax avoidance which can go hand in hand. There are the obvious three tax reasons for pension planning when it comes to the tax effect. The Pensions Taxation System is often expressed as Exempt, Exempt, Taxed (or EET) referring to the fact that:- Contributions are exempt from tax i.e. tax deductible Read More »

‘Retirement Rut Ahead’

‘WARNING: RETIREMENT RUT AHEAD’ If we needed a road sign to tell us something important about what lies ahead for the majority of our retirements, it would read simply ‘Warning: Retirement Rut Ahead’. Rut can give the meaning of furrow or pothole! It’s defined as a fixed or established mode of procedure or course of life, usually dull or unpromising. That is worryingly what is facing the majority of workers in Ireland today. Let’s remind ourselves what we all want in retirement. Here Read More »

Why is Income Protection so important?

Losing the ability to earn an income could be a financial headache. Your income is your most important asset as it allows you to maintain your current lifestyle,  if you take a moment to think about it, the money you earn pays for almost everything you have… mortgage, car loan, bills, children’s education, insurance and so on.  The financial headache you face when an illness or accident prevents you from earning a living can be severe. How would you maintain your present lifestyle in the Read More »

Central Bank announces new regulations on residential mortgage lending

This week, the long awaited regulation for home buyers was released by the Central Bank following their extensive consultation process. Here's the press release. The Central Bank of Ireland today (27 January) announced the introduction of new regulations which will apply proportionate limits to mortgage lending by regulated financial services providers in the Irish market. The key objective of these regulations is to increase the resilience of the banking and household sectors to the property Read More »

“Dealing with Divergence” Investment Outlook by Blackrock

Taking in all the news from around the globe this week, I was struck by seven stories which emerged at the beginning of 2015. These stories signal increased market volatility ahead and will shape the global and local financial markets for some time to come. The debate on the events is interesting, and always centres on a key word; risk. The key reference point I recommend for investment risk assessment is Blackrock’s latest investment outlook which takes an in-depth look at investment risk from Read More »

Best Doctors – Put your health in the best hands

This week our population's health in Ireland was put under the spotlight again. A study published by the British Journal of Dermatology on data compiled by the National Cancer Registry of Ireland highlighted new research indicating further evidence of the need for specified illness cover with an 80% increase in diagnosis of skin cancer alone between 1994 and 2011. Worryingly, both the NCRI and the Irish Cancer Society both expect the statistics to double again before 2040. If you or a family Read More »

‘Low for Longer’ Investment outlook forecast by Blackrock

Whether you are a regular saver, a lump sum investor/depositor, a worker building your pension fund for retirement, a stock investor, a property investor and possibly some or all of the above, Blackrock’s Investment outlook for 2014 entitled "Squeezing out more juice" is full of knowledge. It gives a deeper understanding of what factors are at play in the global recovery. It also sets out the 5 key players (US, Europe, Japan, China and UK); the actions they are taking, the key risks and Read More »

Know the difference between Specified Illness, Income Protection and Health Insurance before you decide.

Protecting your family is the concern that grips most of us from one end of the year to the next, especially families with young children and dependents. How well are you really addressing this need? Have you ever assumed that having health insurance is sufficient protection to cover life's risks for your family? Or lately you may have reviewed your health insurance and lowered the plan level, switched insurer or even cancelled due to affordability issues. Some have cancelled a life/illness Read More »

The Pension Bridge to a low risk retirement.

The OECD published their review of the Irish pension system last week. It highlights a number of risks facing Ireland's population, not least an increase in old age poverty in Ireland. The principal risks are flagged by the recommendations for Ireland of at least an auto-enrollment pension scheme arrangement (with an opt out) or a mandatory pension scheme. Why? Because too few Irish workers have pension plans (National Household Survey 2009 recorded 54% pension coverage), and of those who do, Read More »

First Time Home Buyer Tips before applying for a Mortgage!

Karl Deeter, the Compliance Manager with the Irish Mortgage Brokers recently wrote on the topic of mortgage applications for first time buyers in the Sunday Business Post 20th January 2013. His timing coincided more or less with the Permanent TSB announcement that it was going to loosen the purse strings in 2013 and go back into the mortgage market this year with €450 million to lend. Not a gushing amount but nevertheless this gives the First Time Buyer (FTB) another bank option. AIB Bank Read More »

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