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Helping you on Life's Financial Journey

Financial impact of Covid 19

Keep Calm & Call Eolas Money

Call Eolas Money before you do anything rash financially! These are extraordinary times, and market corrections like this only come around once a decade or so. If you are worried about your finances, looking for some reassurance, or just need to understand the current financial situation a little better, just call us. We’d ask you…
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Revenue Commissioners to defer collection of LPT

Another good measure announced by the Revenue Commissioners to defer collection of LPT due to be paid by single debit next week. Revenue are recognising the cashflow difficulties that households will experience as a result of #Covid19 and this is good to see. If Eolas Money can help you with any financial planning requirements, please…
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Eolas Money Team

An Update from Eolas Money

We hope this finds you and your families keeping well despite the evolving situation regarding the Covid-19 virus and it’s impact on all strands of society and economic life in Ireland. Given this uncertainty, we felt it might be useful to share some of our thoughts on what’s happening at the moment and what that might mean for…
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What does the market slump mean for my pension?

There has been losses on global stock markets over the last few weeks predominately relating to the Covid-19 outbreak. With the amount wiped off global shares now heading into the trillions, concern is growing about the longer-term impact the virus may have on share values which will have an impact on your longer term investments…
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What to do with your mortgage?

3 topics covered in the personal finance section of the Irish Independent today. Mortgages: Should you be your banks ideal customer and over pay each month if you can get a better interest rate someplace else!! No way.. Life Assurance: Sufficient cover should be in place to maintain the same standard of living within the…
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Goal Based Financial Planning

Goal based financial planning provides our clients with a greater sense of financial clarity, peace of mind and control over their financial futures. If you want to see how goal based financial planning can help you, contact Eolas Money and we will be happy to show you. 052 612 9696 or queries@eolasmoney.ie#

Life assurance companies publish their claim statistics

Its that time of year when life assurance companies publish their claim statistics and here are some interesting details from Zurich Life’s 2019 death & serious illness cover claim statistics. In relation to serious illness claims, heart related illnesses account for 31% of male claims and yet for females, it was only 3%. At Zurich,…
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Retirement Planning

One of the key benefits of saving for your retirement is the tax treatment of pension returns compared to other investments. See below: Investment Funds = Exit tax 41% Deposits = DIRT 33% Equities = CGT 33% Rental Income = Income Tax 20% or 40% plus PRSI & USC Pensions = Tax free Returns So…
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Financial Wellbeing Service in ESB

It was a pleasure to meet with Cork & Kerry staff of ESB Networks over 2 days and deliver Financial Wellbeing initiatives as part of their in service training days. 1:2:1 employee clinics are always very well received as staff get the opportunity to discuss personal topics within these confidential clinics. If you are contemplating…
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Personal Savings

Are you doing enough to support your employees in their future financial wellness?

“To retire with a private pension of €19,500 a year – which is half the average industrial wage – at at age 68, you need to save a fund of €463,900. The cost of saving to get to the same final amount almost doubles every 10 years you delay saving” Employers – Are you doing…
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