Entries by Aoife Ross

Protect your finances – save for the future!

In October each year, the Construction Industry Federation (CIF), run their annual Safety Week campaign. This campaign serves as a reminder about the health and safety of everyone involved in the Construction Industry. The ultimate goal is to provide people with all the relevant information available to enable them to protect themselves. Protecting your finances […]

Taking Control of your Pension Planning

It’s time to take control of your pension planning. If you haven’t already started saving for retirement, it’s not too late. The current tax relief available within the pension framework was designed to allow older people save more money. As you can see from the table below, from age 50 the percentage of your salary on […]

Life After Career

Taking a holistic approach While the role of the financial adviser is to focus on the money, sometimes the planning phase can raise other issues a client has not previously considered. In the pre-retirement financial planning phase, it is beneficial to take a holistic approach, so that along with diligently saving money, you also make […]

Some tips to improve your financial health in 2019

In this edition of Irish Building Magazine, Susan O’Mara, Financial Services Consultant with Milestone Advisory gives some tips on financial changes we can make to help improve our financial health in 2019. If you are one of those rare people who is doing everything right with their money, this article is not for you. For […]

Attracting and Retaining Staff

The “2018 National Skills Bulletin”, published by SOLAS, makes for interesting reading if you are running a company; you need to know what is in store for the labour market in your sector. If you are a parent with kids pondering their choices for the CAO – it is also worth a read.  It may […]

What’s your financial plan for 2019?

This year, it’s time for us all to think about planning for the next 20 years rather than just on the year ahead when it comes to planning for our retirement. At this time each year, I would usually write nine things to do better in 2019 or alternatively, what is the outlook for 2019 […]

Tax Relief through Pensions

For most people, paying less tax is desirable. Paying less tax through tax relief schemes is possible and it’s a great way to help yourself in the future. It’s that time of the year again when financial advisers and accountants are focused on ensuring their clients maximise the tax reliefs available through pension savings. If […]

The Need to Defuse the Pension Time Bomb

What is the pensions time bomb? In a short, it’s the unavoidable shortfall between pension requirements and the State’s ability to pay it. Excluding public sector workers, who have close to full pension coverage, the private sector figure is only approximately 37% coverage. This means that nearly two-thirds of private sector workers are reliant on […]

The need for mandatory pensions in Ireland

If you follow my regular advice column in Construction Magazine, you’ll note that there is a heavy bias towards retirement planning.  As a Financial Advisor for the construction sector, I meet many members of the sector’s two big schemes, CERS and the Construction Workers Pension Scheme. My concern is that private pension coverage in Ireland […]

Irish Construction Industry Awards 2018

The team in Milestone Advisory are proud to be Gold Sponsors at the Irish Construction Industry Awards held in City West on Thursday 14th June 2018. The Irish Construction Industry Awards recognises and rewards companies who strive for excellence. As the leading provider of financial advice for the construction sector, we think it is fitting […]

The construction sector is ahead of the game

Covering workers for pension, sick pay and death in service Many of you may already be familiar with the Sectoral Employment Order (SEO), for the construction industry, this was the first SEO announced in October 2017 and written into law by the Minister of State at the Department of Business, Enterprise and Innovation. This SEO […]

Is Life cover important?

“I have mortgage protection anyway, sure that’s the same thing right?” Yes, and No Mortgage Protection is indeed Life Cover. It will pay off any outstanding balance on your mortgage if you die and it is designed to decrease as your mortgage decreases. But that is it. Nothing else. If you have dependants then mortgage […]

The need for mandatory pensions in Ireland

If you follow this regular advice column you’ll note that there is a heavy bias towards retirement planning. As a Financial Advisor for the construction sector, I meet many members of the sector’s two big schemes, CERS and the Construction Workers Pension Scheme. My concern is that private pension coverage in Ireland is low, with […]

Are you covered for sick pay?

Self-Employed now entitled to sick pay With effect from December 2017, self -employed people in Ireland have finally became entitled to long- term sick pay. This is great news for this cohort of people, who typically have been treated unfairly in Ireland, especially when you consider that OECD figures show close to 20% of the […]

Building Pension Equality

By the time you are reading this piece, the third flagship #BuildingEquality campaign event from the Construction Industry Federation will have taken place on International Women’s Day. The purpose of this is to recognise the women that already work in the construction industry and make them visible so that other women may a career in […]

Reviewing Your Finances in 2018 – The Doom and Gloom

I do not want to start 2018 off on a gloomy note, so I will start with the good news! With effect from December 2017, self-employed people in Ireland finally became entitled to long-term sick pay. This is great news for this cohort of people, who typically have been treated unfairly in Ireland, especially when […]

At a Glance – Budget 2018

Tax Cuts in 2018 In this year’s budget the Minister for Finance, Paschal Donohoe, has announced €1.2 billion in new spending and tax cuts, split on roughly a 2:1 basis in favour of spending. CPAS has reviewed the details of Budget 2018 to provide you with some of the relevant information relating to pensions and […]

Avocado Toast

You may have recently heard of Grant Sabatier, a 31 year old apparently self- made millionaire – who blames avocado toast for the reason millennials can’t save money. Grant’s theory, when read properly actually makes a lot of sense, he advocates cutting back expenditure on things that aren’t necessities & banking these savings. However, the […]

Are Pensions too complicated?

Well.. No.. and Yes I’ve penned a few jargon busting articles here over the last few years as I’ve assumed (yes, I know what they say about assuming) that it is only the language around Pensions that is complicated. In talking to people about pensions for more of my waking hours than is ideal, I’ve […]