March 8th, 2010
There was a lot of media reporting on the National Pension Framework published by the Taoiseach, Minister for Finance and Minister for Social and Family Affairs during the week. New Ireland Assurance have a good summary document here.
While a lot of the proposals are a few years off the report does highlight the importance of pension planning. There are currently 1 million people working who have no pension and will have to survive on the state pension which at the moment is €230 per week.
Based on the current revenue rules it is possible for an individual to benefit from tax relief at 49% (Income Tax, PRSI and Health Levy) on pensions contributions providing their income is being taxed at the higher level of taxation. This means that a contribution of €600 per month will only cost €306 out of net pay. A contribution of €600 gross from age 30 to age 65 will result in a pension fund of * €1,400,000 at retirement which will supplement the state pension.
SmartQuotes.ie offer Personal Pensions, PRSA’s, Executive Pensions and Group Pensions with high allocation rates and low charges. SmartQuotes.ie work with insurers such as Zurich, Canada Life, Aviva, New Ireland, Irish Life and Friends First giving clients fantastic choice of funds and fund managers.
Click here to view our pension page
* Assumes 5.5% growth and premiums increasing at 5% per annum
Tags: contributory pension, National Pensions Framework, Old Age Pension, Pension Fund, Pension Ireland, Pension Scheme
Posted in Uncategorized | No Comments »
March 6th, 2010
We have slashed the rates on our wedding insurance following the interest in the product from clients.
As part of our ongoing drive to reduce costs for our clients we have reduced rates on our four wedding insurance products. To purchase and for more details please click here.
The new rates are below…
|
Was |
Now |
Discount |
| 2* |
69.99 |
49.99 |
29% |
| 3* |
99.99 |
79.99 |
20% |
| 4* |
169 |
129.99 |
23% |
| 5* |
199 |
149.99 |
25% |
Tags: wedding insurance ireland
Posted in Uncategorized | No Comments »
March 4th, 2010
Charlie Weston has an interesting piece on the possible introduction of mandatory pensions as part of a new Government Strategy on Pensions. It highlights the importance of pension planning. Did you know that for a net cost of €204 per month out of net pay a 30 year old could accumulate a fund of circa €950k at retirement?*.
The state pension is €230 per week which would be a very low level of income for a lot of people to live on in retirement. As we have an ageing population it is possible that the State may not have the means to continue this level of payment into the future making retirement planning more important. Pensions are a very tax efficient way to save for retirement.
SmartQuotes.ie offer low cost pensions with high allocations and low management charges. We also offer a fantastic service to clients to ensure they are kept appraised of the value of their pension on a regular basis.
SmartQuotes.ie Pensions Page
* Based on tax relief at 49%. Retirement 65. Premiums Increase of 5% per annum. Growth of 5.5% per annum.
Tags: contributory pension, Irish Pension, Low Cost Pensions, Old Age Pension, Pension Fund, Pension Ireland, pension plan, Pension Scheme
Posted in Pensions | No Comments »
March 1st, 2010
The Financial Regulator has recently published a report (available here) detailing some of the ways that consumers can save money on their life assurance and mortgage protection by reviewing their cover. A few points worth noting:
- If you have stopped smoking in the past you should consider reviewing your cover. For example a 30 year old with €300k life cover will save nearly 40% (€33.09 per month reduces down to €19.94 per month)
- Review your cover. For example, if you originally on an interest only mortgage and took out level term cover and are now on a capital and interest mortgage, mortgage life assurance (also known as mortgage protection) may be a more suitable and cheaper product.
SmartQuotes.ie offer cheap life assurance and mortgage protection. SmartQuotes.ie compare all the market providers to you to offer you the lowest quote available. In addition we offer a discount on the first year’s premium. We are currently offering up to a 70% discount on the first year’s premium on certain products including life assurance and mortgage protection. Unlike other providers we allow individuals on monthly payment plans to benefit from a discount in their first years premium.
Click here to get more information and a quote
Tags: cheap life assurance, cheap life insurance, Compare the Market, Irish Life Assurance, life assurance, Life Assurance Ireland, Life Assurance Quote, Life Insurance Ireland, new life assurance
Posted in Uncategorized | No Comments »
February 24th, 2010
Paddy from SmartQuotes.ie was recently featured in the Pocket Watch section of the Sunday Business Post.
Click here to read the feature online.
Posted in Uncategorized | No Comments »
February 23rd, 2010
President Mary McAleese last week launched an innovative project to come up with ideas to kick start the country and get us back on the road to recovery. The goal is to pick two truly transformational proposals so big that, when implemented, could secure prosperity and jobs for Ireland. The prize is €100k for the innovator with a €500k backing to develop the idea. Check it out here.
Tags: Innovation, Your Country Your Call
Posted in Uncategorized | No Comments »
February 23rd, 2010
In the current economic environment we are often asked what someone who has recently been made redundant should do with their pension. There are nearly 300,000 people unemployed. A lot of individuals who are made redundant will not wish to deal with their previous employers. The solution lies in retirement bonds. Retirement bonds are paid up pension funds that are held in the name of the individual. At retirement age they are combined with other pensions to make up an individuals overall retirement fund.
The benefits of retirement bonds are as follows:
- - you choose the fund that your money is invested in
- – any investment growth is tax-free
- - no need to deal with your previous employer (we will deal with this for you)
SmartQuotes.ie are offering retirement bonds from major insurance companies which will offer up to 100% allocation and low management charges. The individual will have full control over fund choice and fund information. Contact us today using this form to take control of your pension.
Tags: Retirement Bonds, Retirement Bonds Ireland
Posted in Pensions, Uncategorized | No Comments »
February 22nd, 2010
The following is a SmartQuotes.ie partner offer for all our loyal readers.
If you love being entertained, we’ve got everything you need to make 2010 the year to remember.
All the latest DVDs delivered directly to your door.
So why not try using it now with 2 weeks Free
Click on www.onlinedvdrental.ie
If you don’t here’s what you’re missing
* Thousands of films to rent
* Plus games and TV series
* No Late fees (ever!)
* No Contracts
* Films delivered directly to your home or office
* Free return post
* 100% Irish Company
Why not come to the right place for the hottest releases in 2010
Posted in Uncategorized | No Comments »
February 22nd, 2010
A recent report from Irish Life identifies a number of key points:
- 95% of claims made paid – Irish Life’s 2009 claims figures revealed that one in four people in Ireland will suffer a serious illness before reaching retirement age
- One in 10 people dying before they reach retirement age.
While these are not the nicest things to think about this report highlights the importance of life assurance and critical illness cover to provide for you family in the event of the unthinkable occuring.
Life Assurance is relatively in-expensive when you are young. For example a 30 year old couple the cost for dual life assurance for €300,000 is as low as €29.91 per month*. Providing the application does not highlight any issues the cover can be put in place in a few days with no requirement for a medical.
SmartQuotes.ie compare all the market providers to offer you the lowest quote available. In addition we offer a discount on the first year’s premium. We are currently offering up to a 70% discount on the first year’s premium on certain products including life assurance. Unlike other providers we allow individuals on monthly payment plans to benefit from a discount in their first years premium.
Click here for a quote
*Both non smokers over 20 years.
Tags: cheap life assurance, cheap life insurance, Life Assurance Ireland, Life Insurance Ireland
Posted in Uncategorized | No Comments »
February 19th, 2010
There is an interesting article in the Wall Street Journal relating to the manager of the BlackRock Global Allocation Fund. In the article it attributes the success of the fund as follows;
“By deftly maneuvering in and out of stocks and bonds from around the world, along with taking occasional bets on currencies and gold, the Global Allocation fund has suffered only three down years since its launch in 1989: 1994, 2002 and 2008, when the fund lost 20%.”
This fund is available through Canada Life in Ireland. It is available through SmartQuotes.ie for Personal Pensions, Executive Pensions and ARF’s. It has some very competitive charges for a fund of this caliber. For more information go to SmartQuotes.ie and request further information or call us on 01 6853813
Tags: ARF, Executive Pensions, Low Cost Pensions, Personal Pensions
Posted in Uncategorized | No Comments »