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How Tax Efficient are AVCs?

I joined the Trusted Advisor Group recently and came across this article on their website. It was written by Tony Gilhawley FSAI, Technical Guidance Ltd. Additional Voluntary Contributions (AVCs) are a way of topping up your employer pension scheme benefits, at your own expense with the benefit of tax relief. But how tax efficient are…
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Best Specified Serious Illness cover available

According to Royal London they are offering "the best Specified Serious Illness cover available" in this weeks Irish Broker magazine for May.

Here are a few main points from their article:

  • Recent enhancements have been made to their Specified Serious Illness and it now covers more illnesses than any other product on the market - in fact, there are no illnesses covered by any provider's product that Royal London does not cover!
  • In addition, it includes enhanced definitions and offerings like its unique Donor Cover . Royal London are the first provider in Ireland to include Donor Cover. It means that they will pay €2,500 as a once off lump sum to living donors who donate a kidney, bone marrow or a portion of lung or live to a family member. Donating an organ is a noble act indeed and this lump sum will help provide a financial cushion to donors going through the operation and recovery involved.
  • It also now provides Children's Specified Serious Illness Cover from birth.
  • Royal London improved their offerings following feedback from Financial Brokers.
  • They have added 10 new Partial Payment Conditions to extend their cover for the most common serious illness claims; cancer, heart related illnesses and stroke.
  • 5 of these new Partial Payment Conditinos provide wide ranging cover for early forms of cancer at 50% of the cover amount, up to €15,000. It also includes cover for permanent pacemaker insertion and eye stroke, strengthening the overall coverage you may suffer from a heart related illness or stroke.
  • In particular, as more people than ever before are thankfully surviving cancer diagnosis Royal London have strengthened their cover for early forms of it. And, if you are later diagnosed with a more sever form of cancer (that meets the cancer definition of Royal London's policy conditions), you will still get a payout of your full sum assured.

If you would like more information on Royal London's Specified Serious Illness enhancements - please don't hesitate to email me on john@moneysense.ie or call 087-6534444.

Even if you already have Critical Illness cover in place - it is always good to review your cover and inform yourself on what is currently on offer in the marketplace. Knowledge is key!


Capital Secure Bond an alternative to deposits

Cantor Fitzgerald Ireland Protected Star Performers Bond III With continued uncertainty in global markets and interest rates close to 0%, it is more important than ever for clients to have alternative investments with an element of downside protection. Cantor Fitzgerald have recently announced this 90% protected product: Features of this Capital Secure Bond The Bond…
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Happy Christmas from Money Sense Financial Services

                                                                                                     We wish you and your family a peaceful and Happy Christmas from Money Sense Financial Services. Enjoy the festive season and best wishes for the New Year ahead. Many thanks for your continued support and we look forward to hearing from you in 2017.    
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