SSIAs - Options

Fact:

Did you know that Banks issued 93% of SSIA’s?
Strange given that most Banks own their own Investment Companies and so do not really offer you independent advice or choice.
Metropolitan Finance has over 25 agencies –  speak to us as we can give you a full range of options for your SSIA now that it is about to mature.

 

What do you want to do?

 

THE LUMP SUM:

Do you want to invest this for future growth?

Do you want to be able to use this to borrow & invest in Property or Investment funds?

Thinking of using your lump sum as a deposit on that dream holiday home?  Talk to us …we can arrange finance on property in over 35 countries!! Because the finance is secured on your property abroad you will be able to claim full tax benefit on all or any rental income. Visit www.mymortgageabroad.com

Planning on buying the car of your dreams with part of your lump sum?  We can arrange the remainder of the finance for you.

Which funds are performing?

Do you want to use the lump sum as a foundation for your Investment strategy?

Do you want to avail of the Government incentive whereby they will match every €3 you invest in a Pension, with €1? (Subject to terms and conditions).

 

THE REGULAR MONTHLY SAVING:

Now that you've got used to saving up to €254 per month (€508 for married couples), why not continue to save?

Some possible ideas:

Pay in to a Pension and save up to 47% in tax and PRSI

Did you know that you could invest almost €480 in a Pension fund each month and it may only cost €254 (what you currently pay)?

Double those figures for a couple i.e. almost €960 per month may only cost €508.

Protection cover (Life and Illness cover) - particularly important if have dependents:

Now is a good time to review adequacy of any cover you hold, and a possible opportunity to set aside €50-100 per month to increase your cover.

Income protection - also tax deductible up to 41%:

Income protection pays you a guaranteed monthly sum if you can not perform your usual occupation due to any illness injury or disability after a deferred period.

Ongoing savings - you can put a plan in place with as little as Euro 100 per month. :
You can see what saving €254 for only 5 years could do. Why not continue with setting a sum aside each month?
(There are a wide range of funds available – call us now on 1890 66 66 66)
Possible profile:

Lump sum: Invest in an Equity or Property fund.
Minimum investment usually €5,000.

Life policy: A non smoking couple could have €300000 for €52 (dual term) & €300000 decreasing term joint life for less than €30.

Income protection: male aged 35: €30,000 per annum to age 60: from €50 per month (fully tax deductible)

Pension plan: €200 per month net (equal to €377 per month Gross). Projected fund value at age 65 - €290,050.

Savings plan: €100 per month - wide choice of funds. Depending on your risk profile, some of the more aggressively managed funds achieved 40% plus in 2006.