Retirement Planning
Making appropriate provision for your retirement is often a tricky one – you know you should have already started but you convince yourself that you can’t afford it right now. With retirement being so far into the future you may allow yourself to believe that “that’s tomorrows problem”.
However, having the right strategy in place for your long-term financial goals does not need to break the bank and will ensure a comfortable and secure life after you stop working.
At Chartered Financial we provide;
1. Extensive appraisals on previous pension plans you may have, their performance and fees and how we will consolidate & integrate them into your overall retirement strategy.
2. The options available at retirement. We will walk you through each option highlighting the importance of making an informed decision at this critical juncture in your life.
3. Guidance on various pension structures to identify which offers the most tax efficient benefit for you, whether it’s a PRSA, Master Trust Company Pension or a self-administered pension used to purchase a property.
4. Support around pension adjustment orders for anyone going through a divorce.
Savings & Investments
When it comes to savings & investments, we analyse a number of key areas for our clients;
1. The time horizon for the investment
2. The purpose of the investment
3. Your attitude to risk, which we determine by completing a risk profile questionnaire with you.
Once we have established the above and assessed your appetite for risk, we put together an investment strategy which aligns with your financial goals. We carry out portfolio analysis of any existing investments you may have and provide recommendations surrounding these also.
Whether it’s an inheritance you have received, putting funds away for your family utilising the annual small gift exemption or the residual proceeds from the sale of your business, we can provide a blueprint which will help grow and protect your wealth.
Family Protection
Protecting your loved ones is something that comes naturally to us all – we always put the family first.
However, to properly protect the family, we need to protect ourselves in the event something happens to us. How can we take care of them if we can’t take care of ourselves? The problem is that everyone believes that it won’t happen to them – but then it does.
Ensuring your family’s financial security in the event of a debilitating injury, a critical illness, or an untimely death provides an invaluable safety net for your loved ones. It supports them being able to cover any medical bills, funeral expenses, loan repayments and living costs to name just a few as they’re adjusting to a new way of life and trying to get back on their feet.
By having the right structures in place, it means you won’t need to deplete your hard-earned savings, and it won’t derail any university dreams and aspirations your kids may have if the household didn’t have to dip into their college fund “just to get by”.
Have you thought about how your family would cope if a scenario like this unfolded in your house?
Succession & Estate Planning
Planning out the wishes for your estate can be a tricky conversation to have but it removes any ambiguity in how you want to divide your assets after you pass on. It is vitally important that you make a will with a solicitor to document where you want your property, financial assets and personal belongings to be passed on to.
If someone dies in Ireland without a valid will (intestate), their estate is distributed according to the rules of intestacy, which may not align with their personal wishes.
Structuring your will needs to take tax efficient measures into account so that your surviving family members hand over as little tax as possible to the Revenue Commissioners.
At Chartered Financial, we equip you with strategies to manage the money flow of your assets by maximising the tax efficient opportunities to pass on wealth while you are alive including ways to structure financial supports for those availing of the Fair Deal scheme in long-term nursing home care and provide the tools for minimising the tax exposure on your estate when you ultimately pass.
Utilising small gift exemption plans, inheritance tax planning policies and understanding the Capital Acquisitions Tax thresholds can safeguard your family should you pass away.
Instead of leaving behind an administrative mess for your family to deal with, why not pass down the cherished memories that they hold so dearly and a legacy worth remembering.
Business Protection
Safeguarding your business operations is essential to ensuring its long-term viability and growth trajectory. In unpredictable environments, business disruption can derail a company’s progression when unforeseen circumstances occur.
In some extreme scenarios it can be the detriment of the enterprise, and the business may be forced to cease trading.
Whether you need corporate co-director insurance, keyperson cover, or partnership insurance the prudent approach will guide you towards prioritising the protection of your business.
Any comprehensive risk assessment of your business will direct you to strategically think about the consequences of not having adequate protection in place. The realisation of the devastating financial implications for the business will force you to think twice about it.
You have worked so hard to build up your business so now it’s time to maintain & protect it.
Are you willing to risk losing control of it all?
