Things to consider before buying property through your SSAP
In the last week, I discussed the costs of motoring with Ciara Kelly on Lunchtime Live and contributed to David McWilliams’ new show on TV3. The single market is not working for the Irish consumer; why not? I have attached links below if you’d like to listen back. But this week I am looking at what you need to consider if you want to buy property through a self administered pension. Enjoy!
Hidden fees on pension schemes will erode your wealth
- October 21, 2017
- Bob Quinn
A couple of weeks ago I outlined my growing concerns for an industry that presents itself as trading on trust and transparency, yet nothing could be further from the truth. The FT is reporting that from January of next year, a new regulatory crackdown in Britain will force asset managers to come clean on hidden fees and charges. Finally.
A happy marriage involves effective finances
Every week I meet couples who openly discuss their financial affairs with me. It’s refreshing to see a solid team at work. This week’s article outlines some of the ideas that have been shared with me down through the years. We can all learn a little bit more when it comes to managing our finances with our significant others.
Increased Standards in Financial Services Start With You
I came across a case two and a half years ago that crystallised my view that the financial services industry is made up of product sellers acting in their paymasters interests in the first instance. Let me tell you about Peter, who got a 20-minute meeting with a broker about one of the most important decisions in his life. Nothing has changed in my mind since then. Stick with this, it’s a long one today.
Run for the hills when you pay off your mortgage
As AIB introduces Máire, another happy person who’s made it to the end of her mortgage, I wonder what the transition will be like from having no choice over where that money is going to having total discretion. Having been tied to a bank for 20 plus years, I only hope she hasn’t developed Stockholm Syndrome.
Enda Kenny’s number is €3 million, what is yours?
- May 27, 2017
- Bob Quinn
Did you hear that on retirement our Taoiseach Enda Kenny will get a pension worth €3 million? If you’re anything like me, you’ll be comparing that figure to your own. This week, I’ll explain why it really doesn’t matter what he or anybody else retires on, even you, unless you know one very important thing.
Did you hear the one about the three pension advisers…?
Think again if you believe you are the only one benefiting from all the money you are putting into your pension! Beware of what could be lost to the broker, tax advisor and the pension provider.