Saving and Lump Sum Investments

Saving and Lump Sum Investments

In relation to regular savings, we always recommend that you keep a comfortable amount of money in an instantly accessible current or deposit account. Be mindful that with deposit accounts, you are committing to the term of each deposit with no access permittable.

- Do You Know About Tax Efficient Government Bonds?

- Do You Know Market Performance Drives Investments?

- Need Help with Saving and Lump Sum Investments?

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More About Saving and Lump Sum Investments

In the current high interest rate environment, larger sums of money can be used to purchase tax efficient Government Bonds for accessible investments with a guaranteed return at maturity.

As most life insurance investments are driven by market performance, we only recommend saving in one of these plans for the medium to long term, i.e. 5 years or more.

It is important to assess how each saving/investment product is taxed upon its exit. Unlike with pension investments, most personal or direct investments involve exit taxes of 33% or 41% on their growth.

EII investment plans are a revenue approved investment that is high risk in nature, with investor money locked away for 5-7 years and are a useful tool for high earners that wish to shelter against their total income (including rental & dividend income).

In relation to Saving and Lump Sum Investments, we will have a detailed discussion about your risk profile to ensure any recommended investment suits your needs.

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Why Hire a Financial Broker?

A financial broker is a professional who can help you find the best savings and investment products for your needs and goals, from a range of providers across the market. A financial broker can advise you on how much to save or invest, how long to save or invest for, and how to diversify your portfolio to reduce your risk and maximise your return. A financial broker can also help you with other financial matters, such as insurance, pensions, mortgages, and tax planning.

There are many benefits of using an experienced financial broker for your savings and investments, such as:

  • You get access to a wider choice of products and providers than if you go directly to a bank or an insurance company.
  • You get impartial advice that is tailored to your personal circumstances and objectives.
  • You save time and hassle by letting the financial broker do the research, comparison, and paperwork for you.
  • You get ongoing support and guidance from the financial broker throughout the life of your savings or investment plan.
Mark Cahill Financial Services takes the time to ensure your investment matches your risk profile and investment time horizon.
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How to Get Started

Are you interested in Saving and Lump Sum Investments? Follow the steps below to get started with Mark Cahill Financial Services.

Step 1: Contact Us

Contact us and Speak to Mark Cahill.

Step 2: Information

Provide us with some information on your current situation and what you're looking for.

Step 3: Advice & Next Steps

We will provide you with advice and next steps to get started.

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