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Independent Financial Advice from Fingal Financial Services, Swords, Co. Dublin.
Fingal Financial Services offers advice and products on Mortgages, Pension Planning, Investments, Life & Serious Illness Cover, Mortgage Protection, Income Protection & Business Protection. Fingal Financial Services was established in June 2000. Our commitment is to provide our customers with the best independent advice on offer.
Why not contact us for an independent review of your financial needs and plans. We operate by completing an in-depth analysis of your circumstances, income and expenditure, priorities and targets and will put in place a structure to meet these. We will then review progress on a regular basis.
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Over the last few months, I have heard a number of dicussions relating to the continued use of private pension plans. This is usually related to the falls in fund values, negative sentiment regarding global economies and taxation changes. My advice is that for most people funding long term for retirement, pensions are still the best game in town.
Security:
It is important to remember that Insurance Companies are not Banks. The liquidity requirements for Insurance companies are much much more onerous than for the banking sector. An Insurance Company must at least match assets and liabilities and indeed most insurers exceed this. If you have a Self Administered Fund with a Pensioneer trustee, your assets are held in a ring fenced trust so should the Trustee company face difficulties or indeed become insolvent, your assets are protected.
Investment Performance:
Yes it has been a pretty torrid time for global equity and bond markets. The Credit Crunch that started in the US has now turned into a European Sovereign Debt Crisis and we have had our own property and banking problems along the way. We don’t pretend to be able to predict the future, however we can plan a portfolio and guide our clients through the various behaviours of assets so that there are fewer surprises. Investment markets will rise and fall. It is their nature. You can, however, have a lot of influence over how your investment rises and falls in line with global markets.
Investment Strategy:
Matching your investment portfolio to your investment term and taking into account your attitude to risk should lead to fewer surprises when receiving your fund valuations. There have never been more investment options out there, ranging from 100% capital protection to riskier leveraged investments.
Tax Benefits:
Tax relief at up to 41% is still in force. Ignoring charges and investment performance, to accumulate a fund of €500,000 outside of a pension, it would cost you nearly €850,000. Compare that to saving into a pension plan where the equivalent cost would be €500,000 and you can access 25% of that tax free upon maturity.
Review - Regularly:
Investment markets change. Attitude to risk changes. In my experience, during the boom years, investors became cavelier about their own capacity for risk and have subsequently come to realise this. Experieneced independent professional advice can offer diversification solutions and offer an impartial view to ensure that both the investment growth potential and risk profile are within specific agreed criteria |
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