​1. Save Tax on pension contributions, investment growth and on income in retirement (within limits)

2. Your income could drop by almost 70% in retirement as the maximum state pension is €12,912 a year (€248.30 per week) but the average wage is €40,039. 

3. You may need an income for up to 30 years or more when you retire. This could amount to as much as a third of your life, so it makes sense to save now. 

4. If you do qualify for the state pension of €12,912 a year, you could be 68 before you receive it as the qualifying age is changing from 65 to 68. The average wage is €40,039 so that's a potential shortfall of €27,127 per year for 3 years. 

5. Starting pension contributions early can have a significant impact on your retirement fund. 

6. Higher rate tax payers can potentially benefit from up to 40% in tax relief on every €1 saved. A €100 contribution only costs you €60! If you pay tax at the standard rate you can benefit from 20% tax relief. 

7. A pension can give you access to a wide range of investment funds which can give your money potential for growthy over the longer term. 

8. At retirement you may be able to take a retirement lump sun tax free, subject to a limit of €200,000.

9. The sooner you start the better. Even if you are older it is not too late. You can claim tax relief on a higher percentage of your earnings, so there may still be time to catch up. 

​See the below Pension Calculator to see how much you should consider saving to reach your goals at Retirement. 

Dual Life mortgage protection provides cover separately for the two lives assured on the policy. As the two lives are covered independently, a claim for one of the lives assured has no impact on the level of cover relating to the remaining life assured. So on the claim of one life assured the company will pay out the life cover proceeds which will be used to pay the outstanding balance remaining on the mortgage and the cover will remain in place for the other life assured, the monthly premiums will also reduce to reflect that only one life assured is now remaining on the policy. This cover is offered at the same premium as a joint life policy where a claim for one life assured will reduce the overall level of cover for both and end the policy. Therefore, Dual life mortgage protection is a more beneficial option when taking out mortgage protection! 

When applying for your mortgage it is a requirement to have a Mortgage Protection Policy in place to cover the amount of your mortgage in the event of your death , or diagnosis of a specified serious illness, if illness cover is included under your policy. 

Benefits of buying from a Broker:

• Impartiality as work with various companies, banks are partial to only one company.
• Wider choice offered to meet your needs.
• Ability to win on price, can save up to 30% on premiums.
• Offer unique features and extra benefits.
• Brokers offer Dual Life Mortgage Protection. 
• Brokers can offer further discounts on premiums.
• Option to change mortgage provider and bring your protection policy with you. 
• ​Continuity in after sales service and claim process.
• Long term relationship.
• Supportive of local business.

Why do clients buy with the banks?
1. Because they are there.
2. 50% feel pressured into buying their policy with the bank.*
3. They think it is fast and easy.
4. 57% were never told they could shop around.* 
*Survey completed by low.ie in 2018.

If you would like to review your Mortgage Protection Policy do not not hesitate to contact us and avail of this service Free of charge.