IMS Financial Services Galway

We also have Offices in Kilkenny and Galway Galway : Clybaun Road Galway Facebook https://www.facebook.com/IMSFinancialGalway/

IMS Financial Kilkenny

We also have Offices in Kilkenny and Galway Kilkenny : 5 Ormonde Road Kilkenny Facebook Page https://www.facebook.com/imsfinancialkilkenny/

A recent report by insurance giant Aviva highlighted the gap between the income we'll need post-retirement and what's actually in store. That gap is now the second largest, behind the UK, in the eight European countries Aviva surveyed, and is widening all the time. The cost of bridging it right now for the generation who want to retire between 2017 and 2057 stands intimidatingly at over €1,000 per month in additional savings. Looking at the country as a whole, the retirement income we require is close to €28 billion per year. The ultimate cost to cover state liability for public servant pensions and the Social Insurance Fun shortfall? Some €440bn. According to the Department of Social Protection, the number of people over 65 years of age in Ireland will climb from 570,000 to 855,000 in a decade. The spotlight will be intensified from next year, when the Government ,under new EU rules, will be required to calculate the total amount they must pay current and future pensioners. The qualifying age for the pension climbed to 66 two years ago. That will hit 67 by 2021 and then 68 by 2028. What you really want to do, if possible, is take your future in your own hands and start saving as soon as possible. Opening a specific pension account brings a number of tax breaks: tax relief on the contribution at your marginal rate of tax, the availability of a tax-free lump sum of up to 25% of the fund to a maximum of €200,000 at retirement age, and tax-free growth in the fund. If you're starting early (or right on time) in your twenties, you should save 15% of your income. A decade on, that increases to 20%. Those between 40 and 49 should put away 25%. In your fifties, you should save 30%, rising to 35% in the second half of that decade. Those over 60 need to be contributing 40% of their income, is possible. original article can be found on Newstalk.com

IMS Fnancial Services Clonmel 0526121471 give us a call today to discuss your financial needs now and into the future.

Timeline Photos

We at IMS Financial would like to say a huge congratulations to our own David Tierney and his wife Claire on the birth of their son early this morning.

Calculate your Interest and Capital payments IMS FINANCIAL MORTGAGE CALCULATOR How much will you be borrowing ?What will be the interest rate % ?What will be the term in years ? Monthly Outcome:Repayment: Interest: - IMS Financial...

Thinking of a mortgage but unsure what the potential repayments may be, try our Interest and Capital payments calculator for an indication of what it may cost. *This calculator is designed to illustrate what your repayments may be.This does not constitute financial advice. You should assess your specific circumstances with a Financial Advisor.

With recent data from the Society of Chartered Surveyors of Ireland showing a decrease in house rebuilding costs in Ireland, it is advisable for home owners to review the rebuilding costs of their house, as outdated valuations can have a negative impact on your home insurance premium. An oversupply of contractors in a time where fewer businesses and individuals are building property has led to increased competition with many contractors underbidding each other. This is good news for consumers as it means that it is now cheaper to rebuild a damaged home.

Whether you are taking a weekend break in Ireland or spending two weeks in the sun, leaving your home empty increases the chance of potential burglary. People are aware of their security when they are abroad; they take out travel insurance, bring copies of their passport and are on the look-out for pick pockets in popular tourist spots. However the traditional measures to secure your home while you are away may no longer be enough. Changes in technology and communication mean that some people are leaving new avenues open for criminals. Social Networks Try not to post images or messages while you are on holiday if you can. Even with high privacy settings friends of friends can sometimes see your messages and other times people can repost your messages for all to see. Try not to mention specific dates when you will be on holiday. Giving specific details could mean that your house gets watched for activity during the time you will be away. Mail Junk mail, clothes collection bags and charity request notices are delivered every day. With this knowledge, criminals have been using them as a technique to discover when someone is away from home. Rather than posting them through the letter box they will leave them lying outside your front door and watch to see if they are left there for a few days. If possible ask a neighbour, Family member or friend to check for anything like this once a day. http://www.zurichinsurance.ie/blog/holidays-and-home-security.htm

IMS_Financial on Twitter

Check out our Twitter Newsletter.

Looking for financial advice or guidance, perhaps you are considering that home move or if you should start a pension. No sure where to start? Then talk to us today. 052-6121471

IMS Financial Services Clonmel