Pensions & Inheritance Planning

Life after work…

Pensions

Your retirement may seem like a long way off, but it is never too early to start planning. Smart planning for your retirement will ensure that when you do retire you can maintain the standard of living you have become used to.

While you may be entitled to a State Pension at retirement, the age at which you can access this pension has been increased: it will not be paid until age 68 for people who were born on or after the 1st of January 1961.

And even if you do get the full State Pension, at €230 per week currently, it’s designed to cover the basic necessities of life only and will often be a sharp drop from your annual salary.

Bearing this in mind you will need a plan to supplement the State Pension payment. In particular, if you are self-employed or working for an employer who does not include you in a pension scheme for retirement benefits, it is up to you to make additional financial provisions for your retirement.

Pensions are a complex financial product and its important to get your information from an experienced advisor. Oates Breheny Financial Advisors have many years experience helping clients save for their retirement and ensuring that they have the most suitable pension. Charges can eat into your pension pot and again its important that you are aware of what you are being charged and the funds that you are invested in.

We at Oates Breheny Financial Services will advise you on the best pension for you and can also audit your existing pensions to ensure you are getting the best deal.

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Inheritance Planning

Estate Planning is important for everyone. If you are planning to leave assets after your death to certain people, some of the questions below may need to be considered.

What should happen the assets after your death?
Do you want to save tax and avoid legal problems?
Who are the beneficiaries; a spouse, a civil partner, children or a friend?
How is your estate to be divided up?
Have you made a will?

Making a will is the most important step you can take for efficient estate planning. A will can help you make maximum use of the thresholds and it also legally binds your wishes.

If a potential inheritance tax liability is identified, you could take out a guaranteed whole of life plan to help ensure the tax liability does not put the person to whom you want to leave an inheritance in jeopardy of losing their business or home.

It’s our job to help you make sure the real value of these assets is not reduced by inheritance tax.

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What our customers are saying…

“We were delighted with the service provided by OBG. To put it simply, they did everything for us, including dealing with the banks and life assurance and they endeavoured to get us the best deal for each policy. They were very accommodating, meeting us at locations convenient to us and clearly explaining all of our options in an uncomplicated manner. It took a lot of the stress out of the whole process and we would definitely recommend their services.”

CiaraSligo June 15

“A big thank you to Pauric and all the team in OBG. When I called in my finances were in a bit of a mess. You reviewed all my policies and were able to tell me what I should do and brought to my attention the importance of things like conversion options! Best of all you were able to save me money and give me more cover! Many thanks again and I look forward to doing business with you again in the future.”

GerSligo May 15

“We thought organising a mortgage would be an ordeal. I’d heard so many horror stories that I looked for some independent advice before starting the process. Eight weeks after first approaching Oates Breheny Financial Services I had completed the purchase of my first house, and wondered what all the fuss was about. Shane not only gave me good sound advice, but made the full application on my behalf, chased the Banks for us and helped get us the best deal on our insurances. I have since recommended him to all my friends.”

SinéadSligo March 15

“Thanks just seems so small for all you have done for us! We appreciate so much all the work put in on our behalf to get our mortgage and help us through the whole process, you went over and beyond. I will be recommending you to my friends.”

AislingSligo June 14

“Thank you for your help this year. We appreciate it. We have settled into our new home nicely! If we buy any more houses we will definitely come to you”

GerardDublin via email feedback

“Thank you to all the mortgage team in Oates Breheny Group. People told us it would be difficult to get a mortgage to complete a property but from the time we met, you put us at ease and worked on our behalf to make sure we got our mortgage. Having experts do all the mortgage work for us was a great relief and we will recommend you to all our family and friends.”

MarkSligo Jan 14

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