News & Articles

 

Budget 2014

So what did the Minister for Finance say in Budget 2014 and how does it effect you? The good news (if you could call it that) is that there is no increase in income tax or USC, so your pay on 1st January should be the same as the last one in December. Very bad […]

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When it comes to investing, boring is better

How often do we find ourselves looking at fund performance tables and picking out the funds that have performed the best over the last few years? Have we found out how much risk that fund manager took to get those returns or whether the returns are the result of an investment strategy that has now […]

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Work because you want to

I was speaking to a new client last week who told me that he didn’t want a pension. That’s fine with me, some people don’t believe in pensions. So what was the plan to provide an income in retirement? There wasn’t going to be a retirement. He loved his work and he couldn’t see himself […]

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Retirement Options Explained Part 3 of 3 – Taxable Cash

Over the last two weeks we have explored Annuities and Approved Retirement Funds. Today we will talk about the last retirement option available, taxable cash. What exactly is taxable cash? As the name suggests, it is taking a lump sum of cash (above that of your tax-free lump sum) at the point of retirement and […]

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Retirement Options Explained Part 2 of 3 – Approved Retirement Fund

Last week, we started Retirement Options Explained with Annuities. I am going to continue this week with telling you about the Approved Retirement Fund (ARF) option. The ARF was introduced in 1999 and has gone through a number of changes over the years. What is an Approved Retirement Fund? An Approved Retirement Fund is an […]

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Retirement Options Explained – Part 1 of 3 – Annuity

In the past, when you got to retirement age, it used to be very simple. You got a cheque and then you started to receive an amount into your bank account every month instead of your salary. Now, you can either: Purchase an annuity Invest in an Approved Retirement Fund Take it all as taxable […]

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What is important in your life?

I recently watched the Ric Elias TED talk. Ric was a passenger on the plane that crash landed in the Hudson River where everyone walked away. In the seconds between the captain announcing “Embrace for impact” and the plane hitting the water, Ric learned 3 things about life. 1. It all changes in an instant […]

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Pensions in Budget 2014

Budget 2014 has been moved forward to October 15 and the Finance Bill is due to be issued 7 days after Budget Day – in or around October 24th. Therefore the drafting of the Bill will have already started. I look at how pensions feature in Budget 2014.  The €60,000 pension cap is likely to be […]

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Life cover – explained

Clients ask me quite a lot to explain what their particular life cover plan does (besides pay out if they are dead), so today’s blog is an explanation to the different kinds of life cover and bells and whistles that you can get today. The plans I deal with today only pay out on death. […]

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How much do I need to make?

Do you ever wonder how much do I need to make so I can live the life I want? I get asked it all the time. In response, I always say “what do you want to do and when do you want to do it?” Most people have never thought about it, just taking life […]

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