Talk like an investments ninja!

With markets having powered ahead in recent years, in general people are happier talking about the performance of their investment portfolio. After all, it’s easier to talk about gains than losses! But we’ve noticed some conversations shifting towards consolidation of gains as the prospect of a turn in markets probably moves closer all the time. We’re not in the business of trying to time markets, but instead we help investors to take a long-term perspective with your investments, and to build a portfolio that matches your own attitude to risk.

But back to those conversations… We know there is a huge amount of terminology and jargon surrounding investments, so we thought we’ll help you sound like an expert the next time those conversations start up again.

 

Here are some terms that you might hear (or use!) and what they mean.

 

Active/passive investment: These are different approaches to portfolio management. Active management is where...

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Your 50's - time to build and retain your wealth

This is the latest in our series of articles that consider the financial challenges for clients at a specific stage in life. This time we’re looking at people who are in their 50’s. This is a really important stage in your financial life as it is often the time in life of maximum income and the greatest opportunity to really build your wealth.

 

Here are some thoughts on how you might approach your finances differently in the second half-century of your life.

 

Accept advice and help

We very definitely put this one at the top of the list, as there are some crucial strategies to implement correctly at this stage in your life. If you should make major mistakes in relation to your retirement finding during your 50’s, you probably won’t have enough time on your side to fully recover from them. There are also significant tax saving opportunities available to you in retirement funding, investment schemes and exiting your business. Each of these needs to...

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Brexit, Italy etc. How do you keep your investments on track?

Lots of factors are currently creating a great deal of uncertainty for investors; Britain is breaking up with Europe, the political and economic picture in Italy is looking quite unstable and we're all wondering just how strong the new friendship turns out be between President Trump and Kim Jong-un. Then when you consider interest rates at rock bottom, uncertainty caused by global terror and other such negative factors, the picture is quite daunting for investors today.

So what do you do?

Well the answer is probably, not very much! Let us explain…

 

Stick to the plan

First and foremost, remember your investment objectives, and crucially your investment timeframes. In most cases, these are medium to long-term – at least they should be if you are invested in any sort of risky assets. These time frames are critical to your investment success. The markets regularly experience short-term volatility, but to try and time this volatility usually turns out to be...

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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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