Investment Philosophy - I am a Believer!

Investment Philosophy
I am a believer!
Planning for your financial future will give you peace of mind today. This week, our Expert
Qualified Financial Advisor, Eoin Liston, Premier Financial Services, discusses why having an Investment Philosophy that you believe in is so important.

The world of investment is complex and uncertain and it is an Adviser’s role to help investors navigate a safe path through this to achieve their financial goals.
Any investment portfolio is constructed of a number of elements that contribute to the overall risk and return of the investment. These elements include Company shares that give access to businesses profits, Bonds which are loans to both companies and governments for which you receive interest, property, cash, and alternative investments which are overseen by skilled investment managers.
An Adviser combines different assets to create your Investment Portfolio which drives both the return you are targeting from you investment and also seeks to...

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Using a Life Insurance Plan to fund for Gift Tax

Using a life assurance savings plan to fund for Gift Tax

Planning for your financial future will give you peace of mind today. This week, our Expert
Qualified Financial Adviser, Philip Sicat, Premier Financial Services, discusses how you can fund for gift tax through a savings Policy.

Relief is given in Section 73 of Capital Acquisitions Tax (CAT) Consolidation Act 2003 to allow people to plan for the payment of gift tax (Section 73) in a tax efficient way.

If a life assurance savings plan is put in place to provide for the ‘relevant’ tax, Revenue will not charge Capital Acquisitions Tax on the plan proceeds if the money is actually used to pay gift tax.

What is the benefit of you taking out a Section 73 savings plan?
The benefit of using a ‘qualifying’ life assurance savings plan to fund for the payment of gift tax is that, as long as certain conditions are met, the proceeds of the plan when used to pay your clients beneficiaries gift tax bill, will not...

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How Much Life Cover Do I Need?

How Much Life Cover do I need?

Planning for your financial future will give you peace of mind today. This week, our Expert
Qualified Financial Adviser, Eoin Liston, Premier Financial Services, discusses how Premier Financial determines how much life cover you need.

 

This is probably the most common question financial advisers get asked and in a lot of cases the standard answer would be insure somewhere between 6, 8 or 10 times your salary.
The truth is unless you have an in-depth knowledge of an individual’s current financial situation, their family/dependants and their lifestyle and financial goals it is not possible to calculate the correct amount for Life Cover.
There are a number of highly effective methods of calculating the amount of life cover needed if you have dependants .
1. The Human Capital Method
This method is a simple mathematical equation, we can calculate the present value of every after-tax Euro you would earn between now and when you would retire and we...

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Last Chance to Save Tax and Invest in Your Future!

Last chance to save tax and invest in your future.
Planning for your financial future will give you peace of mind today. This week, our Expert
Retirement Planning Adviser, Denis Murphy, Premier Financial Services, discusses the options
for Individuals to invest in their pension and save tax on their contributions .

An Opportunity to Reduce your 2016 Income Tax Bill
Individuals who both pay and file their tax returns through the Revenue On-line Service (ROS) have until Friday 10th November 2017 to pay a pension contribution and elect to backdate the income tax relief against the 2016 tax year. Those who do not qualify for the ROS extension must do this by 31st October 2017.

There is no option to defer. If you do not take this opportunity, you will not get another chance to reduce your 2016 income tax liability.

How Much Can an Individual Contribute to a Personal Pension, PRSA, PRSA AVC or AVC?
For contributions paid in 2017 and set against 2016 earnings, an earnings cap of €115,000...

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The Self Assessment Tax Deadline for Pension Contributions is looming!

The Self Assessment Tax Deadline for Pension Contributions is looming!
Planning for your financial future will give you peace of mind today. This week, our Expert
Retirement Planning Adviser, Denis Murphy, Premier Financial Services, discusses the characteristics of The Self Assessment Tax Deadline for pensions.

Tax Deadline -       31st October 2017  Or

                                    14th November 2017 (for those Filing Online)

Although, like all dates, it comes around each and every year, this one can throw up more than its fair share of complications on an annual basis.
What is the purpose of the deadline date.
Tuesday 14th November is the final date for making a pension contribution, and opting to backdate it for income tax relief purposes to 2016. (The date is 31st...

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Protecting Your Family

Protecting Your Family

Planning for your financial future will give you peace of mind today. This week, our Expert
Qualified Financial Adviser, Philip Sicat, Premier Financial Services, discusses ways to Protect Your family through Life Insurance Protection Plans

 

UNDERSTANDING LIFE INSURANCE
WHAT DO I NEED?
To help you get to grips with the different types of life insurance, we’ve split them
into three types.

  1. LIFE INSURANCE
    - PROTECTS YOUR FAMILY

• This pays your family a lump sum if you die within a certain period of time.
• The lump sum aims to provide you with a replacement income for your family
if you die before your cover ends.
• It does not cover you for your whole life and this is why it’s cheaper than
whole-of-life insurance.

2. SPECIFIED ILLNESS
- GIVES YOUR FAMILY A LUMP SUM IF YOU SUFFER
FROM A SPECIFIED ILLNESS

This type of cover pays you a lump sum if you suffer one of the specified illnesses
covered on your plan. This lump sum aims to help you...

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Will I be able to pay my bills if I am off work due to illness?

Will be able to pay my bills if I am off work due to illness?

Planning for your financial future will give you peace of mind today. This week, our Expert

Qualified Financial Adviser , Philip Sicat, Premier Financial Services, discusses Permanent Health Insurance

 

This concern for many people can be dealt with by Income Insurance.

Income insurance provides the plan holder with a regular income, which is paid out if they cannot work due to illness or injury. It is meant to replace some of their earned income if they can no longer earn an income themselves – helping to make sure that they could still enjoy a comfortable standard of living. A customer can take out income insurance if they are in full-time work or are self-employed and earn an income.

Some terms you would need to consider when applying for Income Insurance

Guaranteed Option:

Customers can choose our guaranteed option, where the rates are fully guaranteed to remain the same for the term of the plan.

 

...

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What's the difference between Savings, Investments & Pensions

The difference between Savings, Investments & Pensions

Planning for your financial future will give you peace of mind today. This week, our Expert

Qualified Financial Adviser , Eoin Liston, Premier Financial Services, discusses the

difference between savings, investments and pensions.

 

The terms savings, investments & pensions are often used in the same sentence without an understanding of the differences.

Savings are low risk funds that must be liquid (available) when you need them. The purpose of saving money is so you can have it for a specific purpose within a short time frame.

 

Investments, on the other hand, are for wealth building, and will not be needed for many years. Yes, investments do involve greater risk, but, investments also yield much greater returns when left alone long enough to ride out the turbulence of the stock market.

 

A Pension plan is a long-term savings plan, where regular amounts and/or once-off lump sums are built up into a fund...

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Should I Stay or Should I Go? - Defined Benefit Pensions

Planning for your financial future will give you peace of mind today. This week, our Expert

Retirement Planning Adviser, Denis Murphy, Premier Financial Services, discusses the options for employees leaving Defined Benefit Schemes.

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The Shape of life Cover

The Shape of life Cover

Planning for your financial future will give you peace of mind today. This week, our Expert

Qualified Financial Adviser, Eoin Liston, Premier Financial Services, discusses the characteristics

of different types of life cover.

How Much Life Cover Do I Need?

.

You’ll certainly need to consider enough cover to:

• pay off your mortgage;

• pay off other loans and bills; and

• cover the income your family will need to live on.

Mortgage Protection

This is a very common form of life assurance policy, as it’s a requirement for anyone obtaining a mortgage to buy a home for themselves. A simple Mortgage Protection policy will pay off the balance of your mortgage in the event of your death, or in the event of the first death where a couple take out a joint policy. Cover reduces as time passes, as you’re paying off the principal of your mortgage.

· This is the usually the cheapest form of Life Cover.

· Suitable for protection...

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