Cathedral Financial Consultants Limited, advising clients since 2003.
Providing benefits for business owners and their employees.
Take control of your money and your future, today.
Providing benefits for business owners and their employees.
Take control of your money and your future, today.
Providing benefits for business owners and their employees is sometimes seen as a complex area with a lot of interacting rules and legislation to be considered. Cathedral Financial Consultants Ltd can guide you through the pros and cons of each of the options outlined above and help design a plan that suits your individual circumstances and budget.
Employer
Ever wondered how you could protect both your business and your family if you or a key member of your team die were to die or become seriously ill? This is a question that we are often asked to address as Financial Advisers. Most people are surprised at the range of tax efficient options that are available to help provide financial support in these circumstances including Pension Term Assurance, Keyperson Cover, Co-Director Cover and Income Protection.
Employee
Whether you have just one employee or a much larger team, we can advise you on a suite of employer sponsored benefits that help to attract and retain employees. Benefits such as Death in Service, Income Protection and Retirement Plans are much sought after but often overlooked by employers when designing an employment package.
Pension Term Assurance
Pension Term Assurance is a tax efficient way of providing a lump sum on death. It can be availed of by you personally or can be offered as an employment benefit to one or more of your employees. While money doesn’t change everything, it can help ease the financial burden associated with the death of an individual and the loss of their income.
Keyperson Cover
Keyperson Cover is a specialised life assurance policy often used by employers. It is designed to help alleviate the financial impact on the ongoing future of a business resulting from the death or diagnosis of a serious illness of a key member of your team. It should be considered where a business is heavily dependent on one or more key individuals with skill sets or knowledge that would be difficult to replace and who significantly contribute to the bottom line.
Co-Director Cover
Co-Director Cover when used in conjunction with a Co-Directors Agreement can relieve a lot of the stress associated with succession planning within a company in the event of the death of a shareholder. When correctly structured, it allows the shareholding of a company to pass to the surviving shareholders while generating funds to purchase them from the estate of the deceased shareholder. Partnership cover can be used to provide a similar result in the case of partnerships.
Income Protection
Income Protection or Income Continuation as it is sometimes called, provides an ongoing income to an employer or member(s) of staff in the event that they are unable to work for an extended period of time. With many of our day to day expenses such as mortgage repayments, household bills, education etc depending on our ongoing income, this is a fantastic benefit to have access to.
Group Death in Service and Income Protection Plans
Group Death in Service and Income Protection Plans are a very cost effective way to help provide financial security for employees and their loved ones in the event of death or being unable to work for medical reasons. Where these benefits are provided for a group of employees, individual medical underwriting is not required.
Retirement Planning
Retirement Planning for business owners and their employees requires advice across several areas including Occupational Pensions, PRSAs and Autoenrollment. Put simply, there are many ways to fund for retirement, getting help to choose the correct one can be the key to success.
Pension Term Assurance
Pension Term Assurance is a tax efficient way of providing a lump sum on death. It can be availed of by you personally or can be offered as an employment benefit to one or more of your employees. While money doesn’t change everything, it can help ease the financial burden associated with the death of an individual and the loss of their income.
Keyperson Cover
Keyperson Cover is a specialised life assurance policy often used by employers. It is designed to help alleviate the financial impact on the ongoing future of a business resulting from the death or diagnosis of a serious illness of a key member of your team. It should be considered where a business is heavily dependent on one or more key individuals with skill sets or knowledge that would be difficult to replace and who significantly contribute to the bottom line.
Co-Director Cover
Co-Director Cover when used in conjunction with a Co-Directors Agreement can relieve a lot of the stress associated with succession planning within a company in the event of the death of a shareholder. When correctly structured, it allows the shareholding of a company to pass to the surviving shareholders while generating funds to purchase them from the estate of the deceased shareholder. Partnership cover can be used to provide a similar result in the case of partnerships.
Income Protection
Income Protection or Income Continuation as it is sometimes called, provides an ongoing income to an employer or member(s) of staff in the event that they are unable to work for an extended period of time. With many of our day to day expenses such as mortgage repayments, household bills, education etc depending on our ongoing income, this is a fantastic benefit to have access to.
Group Death in Service and Income Protection Plans
Group Death in Service and Income Protection Plans are a very cost effective way to help provide financial security for employees and their loved ones in the event of death or being unable to work for medical reasons. Where these benefits are provided for a group of employees, individual medical underwriting is not required.
Retirement Planning
Retirement Planning for business owners and their employees requires advice across several areas including Occupational Pensions, PRSAs and Autoenrollment. Put simply, there are many ways to fund for retirement, getting help to choose the correct one can be the key to success.
Our Services
Financial Planning
Whatever your goal, take control. Cathedral can help you secure the financial future you desire.
Whether it's saving for a mortgage, protection against the unknown, or investing in your future, our team of advisors are here to help.
Life, Critical Illness & Income Protection
Life insurance pays out on the policyholder’s death.
Critical illness cover & Income protection offers financial protection in the event of a serious illness or injury.
Pension Planning
Take control of your pension and ensure you're on track to achieving your retirement goals.
At Cathedral, our experienced team advisors will review the market to find the best pension plans for you.
Employer & Employee Benefits
Protection for business owners and key personnel, in the event of death, serious illness.
Retirement plans, death in service & income protection for employees.
Savings & Investments
Whether it's saving for a first home, second home, education or investing for your future, Cathedral are here to help advise on risk management, funds that meet your needs and investment strategies.
Inheritance Planning
Whether you're receiving an estate or leaving one, there's tax considerations to take into account.
At Cathedral, we advise on estate planning to ensure no ambiguity and best methods for either scenario.
Frequently Asked Questions
We’ve put together the following simple answers to questions frequently thought, but rarely asked, about professional financial advice.
Do I need a financial advisor?
If you’re facing a big decision on which a lot of money depends, advice can be invaluable.
Things like setting up a pension, buying a home or planning for retirement may be rare or even one-off events, so you will probably have very little experience on which to base these crucial choices.
And though you may seek guidance from friends and family, or online, neither of those can give you as much confidence as unbiased advice from an experienced professional.
How can a financial advisor help me?
A financial adviser will do much more than simply tell you where to put your money.
The whole point of advice is to make your money work for you and help you achieve your goals in life.
So a good adviser will look at your circumstances as a whole, from your current situation to your medium and long-term future, to help you decide upon the best action to take.
For example, if you want advice on how to access your pension, your adviser will first take time to discuss your plans for retirement, and so assess your changing income needs over time. Only then will they start to recommend strategies and products.
Last but not least, an independent or whole-of-market financial adviser can find the most suitable products for you from all that are available.
They will also ensure that the chosen product is the best possible fit for your particular circumstances.
Can I afford a financial advisor?
Cathedral Financial firmly believe that financial planning is everyone.
Our aim is to ensure that our knowledge is within reach and our charges remain open and comprehensible for every client we serve.
We maintain complete transparency about our remuneration structure, guiding each phase of the process steadily.
Our initial interaction with every client is a cost-free discussion, enabling us to evaluate the scope of our assistance and provide a comprehensive overview of potential expenses and fees related to our services.
When should I contact a financial advisor?
There are many occasions in life where advice can make a big difference – some more obvious than others.
Most people who contact an adviser do so when facing one or more of these decisions.
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- Starting a pension
- Saving for / buying a home
- Investing
- Marriage / starting a family
- Making a significant career change
- Starting or running a business
- Planning ahead for retirement
- Taking an income in retirement
- Planning life after retirement
Other reasons for seeking financial advice may include moving abroad, getting divorced, arranging for yourself or a relative to go into long-term care, or any situation in which you may need to take out a financial product, such as a mortgage, insurance, or a pension arrangement.
What qualifications do financial advisor have?
In Ireland, financial advisors are subject to effective regulation, providing assurance that the expertise you receive is dependable. When choosing your financial service providers, it's important to consider different levels of financial qualification.
The baseline requirement for an in-person financial advisor is the Qualified Financial Advisor (QFA) qualification. Additionally, financial advisors might have pursued additional training, like the Specialist Investment Advisor (SIA) qualification or the Certified Financial Planner (CFP) qualification.
Adherence to standards set by The Central Bank mandates that all financial advisors continually engage in professional development. This practice guarantees the relevance of their advice and the currency of their knowledge.
Services
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