Pension Advisor Dublin

When looking for help researching where to start with your personal or company pension,it’s best to look for an adviser.

This will make a massive difference in your pensions performance and an advisor is also there to hold your hand so to speak with your working Life through to retirement.

The main advantages of using an advisor is getting you maximum growth for your money, getting you the best annual charges,organizing full tax relief and they are also there by phone or email 24/7.

Annual pension charges can vary a lot and can often be double the charge when doing your pension through a bank.(dont worry if you have started it with a bank ,you can still switch it over to a pension advisor/broker)

*So my tip is always use the pension adviser for the best returns for your money.

If you would like any help with starting your pension or just need help drawing down your money at retirement please contact me on darragh.farrell@yes.ie or call me on 01-6339245.

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Importance of Serious illness cover

To keep it as simple as i can,a serious illness policy will pay out a lump sum in the event of a person been diagnosed with a serious illness.

Sorry to be morbid but last year  was the most claims i ever had from my clients but at least the policies were there and themselves and their families were covered.

The Most important policy a family has is their Life assurance and serious illness policy and still some people are more bothered with their car or home insurance and forget to protect themselves.

There has never been more illness covered and prices are better than ever for critical illness and accidental cover.

I feel a person needs a minimum of 2 years salary as cover,as it usually takes two years to get over cancer,heart problems etc and this lump sum will help pay bills and day to day expenses .

As a lot of people won’t have a salary if they don’t work,so two years cover is usually best,so if you earn 40k per year,you need to look at about …

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Pension planning 2019

No matter what age you are, planning for your retirement or making sure your pension is on the right track should be a priority.

As a nation we are living longer so the need for a realistic retirement plan is very important. Also the State Transition Pension was abolished in January 2014, thereby increasing the pension age to 66. The state pension age is due to increase further to age 67 in 2021 and 68 in 2028. There’s never been a better time to start or review your pension.

Your pension aims to help you ensure that your retirement years are spent doing the things you always wanted to, not regretting the opportunities you missed.

Many companies in Ireland now realize that there is no getting away from pensions and auto enrolment is coming in 3 years(2022).

This will mean the government will take funds from your company(if your company hasn’t  started their pension) and invest into whatever default scheme they choose,Personally

I’m not really a fan and would recommend setting up your personal or company pension with an independent …

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Independent pension broker Dublin

Pension brokers are not tied to any company and offer independent financial advice to clients and companies.

Our goal is to give comprehensive independent financial advice that is offered across the whole of Ireland. We achieve this by analyzing the market on a fair analysis basis and presenting our research to you before any products are purchased.

So basically our Clients interests are put first as opposed to some tied agents who have to put their companies products first.

Sometimes the tied agents products will not be the best product on the market for the customer but they have no option but to sell you their product.

I have always said the independent broker is much better for the client or Company,this goes for insurance as well as Pensions.

So if you need advice drawing down your pension at retirement or just want to get one started for you or your company,

Then please email me at darragh.farrell@yes.ie or call 01-6339245

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New Insurance enhancements

This week new Ireland assurance have launched a couple of new enhancements.

Firstly they will match the best price on the market for any life assurance or serious illness polices and then add on 12% more cover for free,so clients are getting best price on market with an additional 12% cover.

This is an excellent benefit to bring to the market and it currently makes sense for people to look at new Ireland assurance if looking for Life assurance.

Mortgage protection-

New Ireland have also decided to take 10% off the best price for Mortgage protection which now brings them into competition with the other insurers.If you are currently taking out a new mortgage it is important to go through a broker as you wont get these Mp discounts with a bank-Zurich are actually offering 17% off best price,Aviva and Royal london are 15% with both offering the first months cover for free.I’m glad to see New ireland offering this discount as they had their heals dug in for along time.

Now every provider in Ireland will do a discount …

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Savings and investments

“You should always look under the bonnet of any fund you are considering investing in – not just in relation to the risk the manager might be taking and the size of the fund, but whether its inclusion in a portfolio is justified relative to your risk profile.”

You should also always talk to an Independent Financial adviser as he will do a risk questionnaire on you and you will receive a risk profile which ye can then go and look at funds suitable for you.

Be careful dong lump sum investments or savings with banks as they are tied agents and your not getting a full view of market funds.

Before choosing an investment fund, understand exactly what kind of tax bill you’ll be hit with on any money you make. At the minute it’s 41% on any profits made on the funds.

With equities very low worldwide it’s an excellent time to invest in a savings or investment plan.(0.5% interest by banks is insulting)

Irish life and Zurich have a multiple portfolio of funds which have returns of …

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Mortgage protection and Life assurance

Over the last 12 years i came across a few sad stories where a parent had put the Life insurance policy on hold and unfortunately an illness or death occurred.

I have delivered my fair share of cheques to clients and their families at this stage and can’t stress how happy they were to have had the policy.

We both know it will never replace the person but it will give the family a hell of a helping hand in dealing with a death or serious illness.

Life insurance has never been cheaper and a family in their Forties can be reasonably well protected for €50 per month.

We have all been to fund raisers down the local pub after the unexpected death of a loved one and now their financially crippled.

When i sit down to do a review with people i stress life insurance first before the savings plan ,pension etc,while these are important they don’t come near the power of the life insurance policy.

I can assure you it’s the most important policy you and your family …

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Company pensions and Auto enrolment

From 2022, all workers In Ireland will be automatically enrolled onto an automatic enrolment retirement savings system.

So if you don’t have your private pension or company pension set up all staff will be enrolled in the government one.

My advice is set up your own company one before this comes in with Irish Life ,Zurich ,Aviva or New ireland.

A Broker will get you and your staff the most suitable provider and also provide you with fantastic advice which you are going to need as you work your way to retirement.

We are currently setting up company pensions all over ireland and if you want any advice or need to get this set up soon, please call me on 01-6339245 or email me at darragh.farrell@yes.ie

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Best serious illness policies

What are the best Life assurance plans??

This is a question i am asked a few times a week.

Here are the insurance providers operating in Ireland.

Aviva Friends First Irish Life New Ireland Royal London Zurich Life

There is no major difference in any of the providers but if we go on most illness covered and and the best price then ill give you my Top 3.

Zurich,Royal London and Irish life.

There can be a lot to discuss when dealing with Life assurance/Serious illness so for your tailored Policy and Quote please call me on

01-6339245 or email me at darragh.farrell@yes.ie

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what is life assurance??

“Life assurance is protection and peace of mind that if there is an unexpected death or illness in your family then the family has a financial cushion to fall back on.”

Over the last 12 years i came across a few sad stories where a parent had put the Life insurance policy on hold and unfortunately an illness or death occurred.

I have delivered my fair share of cheques to clients and their families at this stage and can’t stress how happy they were to have had the policy.

I and they know it will never replace the person but it will give the family a hell of a helping hand in dealing with a death or serious illness.

Life insurance has never been cheaper and a family in their thirties can be reasonably well protected for €40 per month.

We have all been to local fund raisers down the local pub after the unexpected death of a loved one and now their financially crippled.

When i sit down to do a review with people i stress life insurance first …

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