The headline announcements provided final confirmation that the controversial Government Pension Levy is to cease after the calculation date of 30th June 2015. This levy will be charged at 0.75% in 2014 and 0.15% in 2015. There was also the addition of a DIRT refund in respect of the savings of first time buyers, which […]
Life Cover is an important yet often overlooked feature of good financial planning… To decide if it is something you need, you simply have to ask; how would your family cope financially if you, as either the main or joint income earner, died? If you read this column regularly, you’ll know we’ve covered the importance […]
Work hard, play hard You work hard to pay for an unending list of financial commitments; mortgage, property tax, car, utilities and food and after that maybe you invest in your future and live a lifestyle that you have grown accustomed to… but have you thought about how you would manage if you fell ill? […]
Reasons to start a pension The dictionary defines a pension as “A fixed amount, other than wages, paid at regular intervals to a person or to the person’s surviving dependents in consideration of past services” or “an allowance, annuity, or subsidy.” Can you live on just over €12,000 per annum? The state pension in its current form (€12K for an individual) is unlikely to meet the goals of most people and if you are 50 or under, you will have […]
We’ve all heard the noises over the last few weeks of the Chinese stock market falling sharply. But China is over 5,000 miles away from Ireland, so how can events in China impact on a pension fund member here? Investment return is how. Whether you are aware of it or not, some of your pension […]
Life Expectancy Increases There is a lot of the confusing terminology around Protection products. The list below should help you make sense of some of it. I’ve written about the importance of Income Protection in previous issues. The World Health Organisation (WHO) recently stated that globally, life expectancy has increased by 5 years between 2000 […]
Throughout your working life, your financial needs will change and evolve. A clear understanding of the life-cycle of your financial needs will help you prioritise your goals and objectives and ensure you are steering your finances in the right direction. At Milestone Advisory, this is how we see your financial life-cycle. Early years (early 20’s […]
Late 2007 brought the beginning of the Global Financial Crisis, considered to be on par with the Great Depression. The crisis was triggered in the US as the housing bubble burst and the combination of subprime lending and the complex financial structures underpinning the debt caused a wave of problems for global financial institutions. There […]
What is the Pensions Time Bomb I hear you ask? 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 State Pension when they retire. Of those with a private pension, […]
When you hear the word ‘Phishing’, you might think it refers to the relaxing hobby or sport of catching a fish with a hook or worm. You might be close if you consider that with Phishing, you are the fish and email is the hook or worm.
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Milestone Advisory is an operating division of CIF Pension Administration Services.