Most people can tell you that they feel they’re either ‘on top’ of their finances or they’re not. This usually suggests that they’re either able to pay their bills and have a few bob left over each month or they’re living from pay day to pay day.
Do pensions still make sense?
When thinking about this question, there are a few simple questions you need to ask yourself…
Could I live on €12,651 a year?
Do I like paying tax?
Am I comfortable with bank savings interest of 0.5% (source Irishdeposits.ie 8/2/18 on an 18m fixed account)?
What do you do for a living?
When you’re asked the question, “What do you do for a living?”, are you able to respond quickly and clearly? In our industry, people in my position sometimes either try to over complicate their answer or don’t really know what to say at all. I like to put it quite simply…
When you need legal advice, you talk to a lawyer, when you need tax advice you talk to an accountant, when you need financial advice, you talk to me.