The cost-of-living crisis is starting to bite for lots of people, with the return of inflation and increasing interest rates hitting people hard in their wallets. So reducing expenditure will be an important element of financial planning for many families over the next year or two. Here are a couple of areas to consider if […]
So here we are again, digging around for eligible receipts to reduce our upcoming tax bill. Sometimes in the rush to complete the tax return on time, valuable tax-saving opportunities are missed. So here are a few ways for you to reduce your upcoming bill. Pension contributions attract marginal rate tax relief Particularly if […]
It is all about you Financial planning is a relatively straight forward concept. It is about ensuring that YOU have the income and resources to meet the expense of the lifestyle YOU want to live. Therefore, a financial plan should be devised, implemented, reviewed and adapted based specifically on YOUR lifestyle goals. How to Choose […]
1 in 3 families are not financially protected. Is yours? The reality of the world we live in is that we are all aware of people, of all ages, who have been struck down by serious illness or have died prematurely. The purpose of this blog is to encourage you to make an informed decision […]
In one of our recent newsletters, Home Carer’s tax credits, we got a huge response from many people who qualified for this €1,000 per annum tax credit but were not aware that it existed. This got me thinking, what other tax reliefs might people not be aware? Personal and Family Protection Probably the most widely […]
Working with clients over the years I have found an array of reactions when the subject of goal setting is raised. At one extreme you have clients who it instantly appeals to and who look forward to the organisation associated with goal setting. On the hand you have clients who baulk at any suggestion of […]
While most people have some protection benefits in place it is probably true to say that they have approached protection, in the main, in a piece meal manner. This means that their protection arrangements are most likely not fit for purpose. For example can you honestly say that you are: Correctly insured – i.e. not […]
One of the central planks of successful financial planning is the ability to make sound decisions. An essential element to enable this is a thorough understanding of your current financial situation and how it might look in the future. The frequently heard complaint “I can’t see the wood for the trees” suggests that most people […]
We are all looking at ways to maximise the proportion of our hard earned cash which hits our bank accounts after the various taxes are applied. Unfortunately, except for pension saving, relief from the dreaded marginal rate of income tax is virtually non-existent. Media coverage tends to focus heavily on the headline changes at Budget […]
Parkinson’s Law states that “work expands so as to fill the time available for its completion” a law which I can succumb to when completing the, supposedly, simplest of DIY jobs. This law also extends into financial planning and is known as Parkinson’s Second Law. This states that expenditure rises to meet income. I have […]
