Pension Life Assurance and Pension Term Assurance
Do you know deep down that you are not availing of all the Tax Reliefs you are entitled to?
Well, here’s a simple tax tip that most people can avail of and its easy to arrange…..
There are different types of Life Assurance. Pension Life Assurance or Pension Term Assurance is an essential tax planning component of your overall Life Assurance planning.
You are eligible to use this type of cover if you are self employed, are a company director or if you are an employee who is NOT part of a company pension scheme.
Essentially, the cost of the cover is classed as a type of pension contribution and you can get tax relief on these premiums.
There are limits to the amount of life cover you can put in place and it is a term policy which only lasts until your official retirement age.
With the help of a good financial advisor you can put this cover in place in the correct manner to ensure you get the maximum available tax reliefs now, plus the option of continuing the cover past your retirement age as a normal Life Assurance policy.
As it has limits and a defined end date, it normally only forms part of your overall Life Assurance planning, however, used properly it is a very tax efficient and cost efficient way to fund a portion of your Life Assurance needs.
Let’s get started with pension life assurance and tax planning…..
We always follow a 4 Step Process to gather your information on your current financial arrangements, assess their suitability for your current circumstances and fill in the gaps:
Step 1 – Initial Meeting (Investigation)
We will sit down with you (and whomever you wish) to ask all the relevant questions which will
enable us to determine we are the right fit for you.
Step 2 – Needs Analysis (Fact Finding)
We will gather all of your up to date financial information and then conduct a ‘fair market analysis’
to find solutions to your specific need.
Step 3 – Recommendations
We will present you with your options and discuss the merits of each.
Step 4 – Implementation
We will help you to put your chosen option(s) in place and guide you at every step of the way.
This will be done in a clear, concise, fuss free manner.
For many businesses and families the initial 1 hour Investigation Meeting shows them the stark reality of what their lack of planning is putting at risk.
The benefit to you is complete clarity:
• For your family
• For your business partners
• For your peace of mind
We ensure there are:
• No surprises
• Every recommendation is designed to match your specific circumstances
• Complete transparency and understanding of each recommendation
• We will simplify and consolidate your current financial needs
Our mission is to ensure, as appropriate, you, your family or your business partners know exactly what financial product you own and why you own it.
In addition we will complete an overview of your financial arrangements so that you will have a Roadmap for future financial planning.
There is absolutely no charge for this and this is our guarantee to you, your family and business partners.
Don’t forget this is a 1 hour meeting – Step 1 of a 4 Step Process that will simplify and consolidate your current financial needs and provide an Independent and tailored solution (s) for the future. This is too important to put on the long finger again.
Call Jacinta Lawlor on 01 906 0398 and organise your complimentary 1 hour Investigation Meeting today – ‘you have everything to gain and nothing to lose’.
We are happy to meet you (together with your accountant/ solicitor/ tax advisor if appropriate) at a location and time convenient for you.
Fundamental Life and Pensions Pension Life Assurance.
32C Rosemount Business Park, Rosemount Park Drive, Ballycoolin, Dublin 11, D11 HD9C, Ireland Office Tel: 01 906 0398
Fundamental are experts with pension life Assurance & pension term Insurance for Dublin. Are you considering pension insurance for retirement planning? if so please contact Jacinta Lawlor at Fundamental for expert retirement insurance pension advice. If you already have pension life assurance in place is your insurance pension plan sufficient?