Page 193 - Guerin Media Ltd | Active Retirement Ireland Members Annual 2016
P. 193
FINANCIAL PLANNING FOR YOUR FUTURE BE INFORMED
FINANCIAL PLANNING FOR YOUR FUTURE
In an increasingly complex financial marketplace, you can benefit from the choice, professional advice
and service provided by an impartial Financial Broker. Our job is to assess your needs; research the
market; give product comparisons based on identified needs and objectives; and recommend the most
appropriate solutions to address short, medium and long-term financial goals. Here I am focussing on
planning for what happens to the finances when we are not around…
ESTATE PLANNING - A 3 STEP PROCESS Lxx xx xex xx xISsxStxhHmSpxmexa’eHx€es€hTa€maiaa1e2seenph2cnlg,a2oroeda50ihni-sh5usC50anooassa,ainu,0s0e.fse7kstAtg,70sha5a0ttahw4.a0r0aaa0Tstftxytwhiyse0ett.bteieheswrrhbnaidiathearlnyoiSsglsernlem.auihlhtsvnttoochtieaoooesel3arolpdltnaunxi3dcrhlatdtdaa%eWaeeyhioldidnwim=cssfRniwhueadbi€ige€letlhnpyot2lva7rh€aiw2iteliSt7cnn1etae5nihie5dmythnu,:umr,0rek0epiaee0enrai0is.l0stinfhdl0toufoidoewohllrtrtlenihohslitssotfaihswiacwentmenhhshstceaP:eoaernat netyea. yaxn.ind the
1. Develop a plan to administer and distribute your File
assets after death consistent with your wishes and deadline?
needs of your survivors
2. Minimise Tax WAYS TO REDUCE YOUR C.A.T. BILL:
3. Leave enough for you to live on in the mean time! 1. Take advantage of the family thresholds. Perhaps
MAKE A WILL Sean had other sons and daughters, grandchildren, in-
This is the only way to be absolutely certain that your laws? Each individual has their own thresholds.
wishes will be carried out after you die. You choose who
gets what. Remember that a spouse is entitled to half of
the estate (or a third if children) no matter what is in the
will.
KEEP UP-TO-DATE WITH THE INHERITANCE TAX
THRESHOLDS:
Group A: Son/Daughter = threshold of €225,000
Group B: Parent/Brother/Sister/Niece/Nephew/
Grandchild = threshold of €30,150
Group C: A relationship other than A or B = threshold
of €15,075
The current rate of Capital Acquisition Tax (C.A.T) is 33%
www.activeirl.ie Active Retirement Ireland 193
FINANCIAL PLANNING FOR YOUR FUTURE
In an increasingly complex financial marketplace, you can benefit from the choice, professional advice
and service provided by an impartial Financial Broker. Our job is to assess your needs; research the
market; give product comparisons based on identified needs and objectives; and recommend the most
appropriate solutions to address short, medium and long-term financial goals. Here I am focussing on
planning for what happens to the finances when we are not around…
ESTATE PLANNING - A 3 STEP PROCESS Lxx xx xex xx xISsxStxhHmSpxmexa’eHx€es€hTa€maiaa1e2seenph2cnlg,a2oroeda50ihni-sh5usC50anooassa,ainu,0s0e.fse7kstAtg,70sha5a0ttahw4.a0r0aaa0Tstftxytwhiyse0ett.bteieheswrrhbnaidiathearlnyoiSsglsernlem.auihlhtsvnttoochtieaoooesel3arolpdltnaunxi3dcrhlatdtdaa%eWaeeyhioldidnwim=cssfRniwhueadbi€ige€letlhnpyot2lva7rh€aiw2iteliSt7cnn1etae5nihie5dmythnu,:umr,0rek0epiaee0enrai0is.l0stinfhdl0toufoidoewohllrtrtlenihohslitssotfaihswiacwentmenhhshstceaP:eoaernat netyea. yaxn.ind the
1. Develop a plan to administer and distribute your File
assets after death consistent with your wishes and deadline?
needs of your survivors
2. Minimise Tax WAYS TO REDUCE YOUR C.A.T. BILL:
3. Leave enough for you to live on in the mean time! 1. Take advantage of the family thresholds. Perhaps
MAKE A WILL Sean had other sons and daughters, grandchildren, in-
This is the only way to be absolutely certain that your laws? Each individual has their own thresholds.
wishes will be carried out after you die. You choose who
gets what. Remember that a spouse is entitled to half of
the estate (or a third if children) no matter what is in the
will.
KEEP UP-TO-DATE WITH THE INHERITANCE TAX
THRESHOLDS:
Group A: Son/Daughter = threshold of €225,000
Group B: Parent/Brother/Sister/Niece/Nephew/
Grandchild = threshold of €30,150
Group C: A relationship other than A or B = threshold
of €15,075
The current rate of Capital Acquisition Tax (C.A.T) is 33%
www.activeirl.ie Active Retirement Ireland 193
