Thinking about taking out income protection or specified illness cover? Not sure where to start or what the main differences between them are? We’ve put together a handy guide to help you out…
Let’s start with the most important point. Staying healthy and helping to flatten the Covid-19 curve is the reason behind the current lockdown, and this is where our focus needs to be. We’re doing this for ourselves, our families, our cocooned loved ones and the wider population. This is the most important focus for all of us.
At the same time though the world doesn’t stop turning, albeit on a slightly different axis. Loss of jobs and income has unfortunately been an outcome of the current crisis for many people, who now have financial pressure heaped on them too. We would like to set out a few thoughts on how you can emerge from the current crisis in the best financial shape possible whether or not your income has been affected.
What strange and challenging times we are all living in… As Covid-19 continues to restrict all of us in Ireland and around the world, everyone is very concerned about their health and that of their loved ones. Levels of concern are then also heightened for many people who are looking at reductions in their income or indeed the complete loss of employment. And then just to add to all of this, we have seen sharp falls and continuing volatility in stock markets, which is causing further anxiety for investors and pension fund holders around the world. However, we believe there is some over-stated anxiety in this area, and wish to give you our thoughts on how to view your investments in these fraught times.
In the unprecedented times that we currently all find ourselves in, we should be doing everything in our control to protect ourselves and our loved ones from the onslaught of ‘Covid-19’. It should be very high on our list of priorities to ensure that our dependents are financially secure if we found ourselves in the unthinkable position of not being around for their future.
Given these extraordinary times, while we all adapt to manage the Coronavirus (COVID-19) and adhere to the HSE and Government advice, we want to reassure you that Cathedral Financial Consultants Ltd continue to do what we can to support our clients. The health and safety of our colleagues and customers is our top priority.
In today’s world, it is essential that employers understand the rules of engagement if they are to protect their businesses from potential legal risks. Employers hoping stay on the right side of the law will in the future, at the very least, have to confront toxic work environments and respect the minimum rights of their employees.
It is vital that employers understand employment laws and the penalties for failing to apply them. Stick to the seven steps below and you’ll ensure that you don’t fall foul of the law.
In the past “estate planning” was something we believed to be only for the elite, very few wealthy individuals and their families in our society. However, this is no longer the case. Despite the recent downturn in the economy, it is still important to protect estate values. Reductions in the tax free thresholds, together with increases in the capital acquisitions tax rate, have resulted in more and more people who previously did not have to give consideration to this area now needing to do so.
It’s the beginning of another New Year and many of us are making New Year resolutions. Some of us will try and get a bit fitter physically, others will make plans to see loved ones more and some will make big decisions like moving home, starting a savings plan for retirement or a children’s education or a rainy day fund. In this article, Gary Brady, one of our Financial Consultants, looks at what you need to consider to make sure you are financially fit.
There are a number of financial services products company directors can avail of to protect themselves, their families and the other company directors as well as funding for their retirement:
The advantages of these policies are that the premiums are paid by the company with no BIK implications and more importantly the premiums are written off against corporation tax.
This economic outlook is provided by Dr Constantin Gurdgiev who is the Adjunct Assistant Professor of Finance with Trinity College, Dublin and serves as a co-founder and a Director of the Irish Mortgage Holders Organisation Ltd and a co-founder of iCare Housing Solutions, two non-profit organisations working with the issues of financial empowerment.
U.S. economic growth ticked lower in 2Q 2019, falling to an annual rate of 2.1 percent, a full percentage point down from a 3.1 percent in 1Q, based on the Commerce Department data. This puts the U.S. growth well below the 3 percent target set by President Trump back in late 2017 on the eve of the Republican tax cuts; a target the President repeatedly referred to since taking the office.
