At Nelson Life we recommend that you are prepared to invest for longer term, for a non capital secure investment that means a minimum term of 7 to 10 years. The above chart is based upon a medium risk investment fund and depicts the experience of an investor with a 7 year time horizon – […]
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Auto enrolment pensions are coming
Whether or not your organisation provides access to an employer pension scheme or not there are certain things that all employers MUST do – even before mandatory pension schemes are introduced. Last night, the Taoiseach gave a speech to the employers’ group IBEC to announce an upcoming national pension plan that will look to start […]
Pension advice: Annuities and/or ARFs
When you want to access your pension pot, you can either choose flexible or guaranteed income or a combination of both. The right choice depends on a lot of things such as: do you have a spouse and/or other financial dependants? what other income do you have and how long is it projected to last? […]
Why pensions make sense
How are you going to achieve financial independence in retirement? A pension offers you the means to save regularly and build a sum of money in a structured way. You cannot generally access your money until you are age 60. However, if you are prepared to invest what you can afford to lock away, then […]
Why Life Insurance?
We can’t predict what is going to happen in the future, however, you can prepare financially for it. If you earn an income, own a home, have a family/dependants, a business or an investment property, then protecting you and your family against the financial impact of ill-health, terminal illness or death is one of the […]
Transfer value from a defined benefit scheme
Are you a member of a defined benefit scheme and have the option to take a transfer value? Option 1 Leave the preserved pension in the DB scheme. Option 2 Take a transfer value. What next? Before you make any decision the key items of information include: What will be your secure sources of income […]
Attention Defined Benefit Scheme Members.
Are you considering taking a transfer value from a DB scheme ? On 22 June 2016, the Revenue extended the Approved Retirement Fund (ARF) option to all Personal Retirement Bond (PRB) contracts, regardless of when they were established or from where the transfer value came – whether Defined Contribution (DC) or Defined Benefit (DB) scheme. […]
Independent financial advice
It is a good idea to regularly review your financial plan. This helps make sure that everything is up to date and give you peace of mind that all risks and eventualities are protected. Whether its marriage, birth, change of job, new business, retirement or any of a number of other life events, these can have […]
Gift tax and financial planning for your children & grandchildren
It’s nice to be able to help our grandchildren, nephews or nieces get a start in life. Many people like to put a little money away for their loved ones so they have a lump sum waiting for them when they reach adulthood. However, unless you think ahead there may be a sting in the […]
Co habiting couples and inheritance tax
1 in 10 people are co-habiting in Ireland. Are you one of them ? Assets passing on death between married couples are exempt from Inheritance Tax. HOWEVER, this only applies in the case of “legal spouses” or “registered civil partners”. All other couples, even qualified cohabitants, are treated as strangers for Inheritance Tax purposes. The […]
