Reasons to start saving and take risk
Are you ready to start saving and/or increase the money you are putting a-side?
With all the talk of a new SSIA style incentive scheme being introduced today - this is a great opportunity to review your savings goals.
Saving is an important cornerstone of all financial plans - saving is a good thing.
Much of the media talk is about the splurge when investors received their SSIA money. However, many of us used our SSIA money as a platform for children's education, job change, setting up business, new property or investment. Many continued to save!
Looking back at the key attraction of the SSIA money scheme introduced by Charlie McCreevy was the Government 'bonus' of €1 from the Exchequer for every €4 saved away by savers.
Those saving the maximum sum of €254 each month had an SSIA worth about €20,000 after five years - if they invested into deposits (rates were much higher then).
Some of the equity-based SSIAs were worth €26,000 or more by the time they matured (capital at risk, and many were well behind in value after 2 years).
Make sure that you are up to date with the current opportunities - saving, pension and other different tax based investments.
We have lots of different savings and investment options, depending on how you wish to save - and what you're aiming for.
Multi-Asset investment funds which are risk adjusted to suit you risk preference and capacity to loss. these funds invest is a broad range of different asset classes such as; equities/share, bonds, property, alternatives and cash deposits.
Ethical Investment funds
Environmental, Social and Governance Funds (ESG)
Alternative Energy Funds
Property Investment
Individual shares and ETFs (Execution-only)
Where do you start?
Set your goals – what are your life goals short and longer term? Our plans always start with ensuring that you have enough emergency cash.
Plan your budget – what can you afford?
Do the maths – how much will it cost to get to your target? See tables below.
Talk to Nelson Life and select a suitable product
Example; regular monthly investment of €400.00 per month, over 5 years - growth rate 4.00% per annum.
Potential fund €26,558 (please see risks below) Total potential value of your investment after 5 years gross of product charges and tax. Your investment could be worth less than you have paid in.
Different investment growth rates (over short term of 5 years);
Please note whilst may product advisors recommend a ‘holding period of 5 years, we recommend a minimum term of 7 years.
The purpose of showing these simulations below, is to demonstrate that if you are prepared to accept a ‘capital at risk’ product, and invest for a period of 5 to 7 years plus, the returns on your investment may be greater.
WARNING: IF YOU INVEST INTO THIS PRODUCT YOU MAY LOSE SOME OR ALL THE MONEY THAT YOU INVEST. WARNING: PAST PERFORMANCE IS NOT A RELIABLE GUIDE TO FUTURE PERFORMANCE. WARNING: THE VALUE OF YOUR INVESTMENT MAY GO DOWN AS WELL AS UP. WARNING: THIS PRODUCT MAY BE AFFECTED BY CHANGES IN CURRENCY EXCHANGE RATES. WARNING: IF YOU INVEST IN A PENSION YOU WILL NOT HAVE ACCESS TO YOUR MONEY UNTIL AGE 60 AND/OR YOU RETIRE.
EUR 24,000 invested over 5 years i.e. EUR 400 per month level each month
Different investment investment amounts (over short term of 5 years);
Please note whilst may product advisors recommend a ‘holding period of 5 years, we recommend a minimum term of 7 years.
The purpose of showing these simulations below, is to demonstrate that if you are prepared to accept a ‘capital at risk’ product, and invest for a period of 5 to 7 years plus, the returns on your investment may be greater.
WARNING: IF YOU INVEST INTO THIS PRODUCT YOU MAY LOSE SOME OR ALL THE MONEY THAT YOU INVEST. WARNING: PAST PERFORMANCE IS NOT A RELIABLE GUIDE TO FUTURE PERFORMANCE. WARNING: THE VALUE OF YOUR INVESTMENT MAY GO DOWN AS WELL AS UP. WARNING: THIS PRODUCT MAY BE AFFECTED BY CHANGES IN CURRENCY EXCHANGE RATES. WARNING: IF YOU INVEST IN A PENSION YOU WILL NOT HAVE ACCESS TO YOUR MONEY UNTIL AGE 60 AND/OR YOU RETIRE.
Using a growth rate of 4% per annum, what is the impact of different investment amounts
Want to know more? We are available to discuss your options, and we look forward to hearing from you.
Our job is to help you choose a product and structure that will help you meet your goals.
telephone | 091441188 and/or email | office@nelsonlife.ie
RETIREMENT & PENSIONS | INVESTMENTS | FINANCIAL PLANNING | LIFE INSURANCE
Nelson Life Limited trading as Nelson Life is regulated by the Central Bank of Ireland.
WARNING: Past performance is not a reliable guide to future performance. WARNING: The value of your investment may go down as well as up. WARNING: You may lose some or all of the money you invest. WARNING: These funds may be affected by changes in currency exchange rates. WARNING: If you invest into this product you will have access until you retire (Pension Products). WARNING: The above content does not constitute investment advice, as it does not take into account the investment objectives, knowledge and experience of financial situation of any particular person. Prospective investors are advised to make their own assessment of the information contained herein and to obtain professional advice suitable to their own individual circumstances. WARNING: The information contained in this document is based on our understanding of current tax legislation and the current Revenue Commissioners interpretation thereof and is subject to change including retrospectively without notice. This is intended as a general guide only and is not a substitute for professional tax, legal and investment advice.