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Pensions and Retirement Planning

We often put pension planning on the back burner, but it is an important area to tackle as it gives you a better, brighter future to look forward to.

Your Working Years:

Starting a pension is one of the smartest decisions you can make.  Pensions can seem complicated but the basic idea is a simple one:  a pension is a long-term savings plan with tax relief – your regular contributions are invested so that they grow throughout your career and then provide you with an income in retirement. 

There are quite a number of factors to consider to when setting up the correct plan for your employment type and putting an investment strategy in place over your money.  There are a lot of rules and regulations to consider, which is where we come in.  We’re here to cut through the technicalities and help you select what’s right for you. 

At Retirement:

Once you reach retirement, you will have stopped paying into the pension and this is the point where you take your benefits out of the plan. 

You will usually be able to take out a tax free cash lump sum of 25% of the value of the overall fund and you will have a balance remaining that you will have to find a home for – whether by purchasing an annuity or by investing in a post-retirement policy called an ARF. 

We will help you pick the option that is most suitable for you.  In basic terms, the annuity locks you in to a set income for the rest of your life, whereas the ARF lets you keep control over your money and it gives you flexibility as to the frequency and amount of income you take out of it. 

We are on hand to help you make the best decisions for your circumstances – not just at the start of the contract, but at all stages into the future. 

Who We Can Help:

Whether you’re an employee, business owner or simply someone who wants to build a more comfortable retirement for themselves, we are here to help you properly invest in your future.

Our focus is to give our clients access to resilient and affordable retirement plans which will ensure they avail of financial security throughout all stages of their lives. We are constantly seeking more innovative and sustainable solutions that are risk-adjusted to suit the profile of each individual client.

We understand that everyone is unique and has a distinct appetite for risk, and at CML Financial we will always factor this in when considering the best investment for you, as you step into your retirement. Contact us today to explore how you can allocate your funds today, in the pursuit of a better tomorrow.

What We Offer:

  • Expert advice: Our in-house team of dedicated advisors will guide you on the path to a more secure retirement. They are skilled, qualified professionals who are more than happy to help you put arrangements in place to fund a better future. You can reach them at any time and they will be in regular contact with you to ensure you are satisfied with your plan.
 
  • Pension scheme selection: Following a number of consultations in which we discuss your needs and priorities, we will help you choose the optimal, most suited pension scheme based on your preferences. We can help you invest in or manage a number of different pension schemes including but not limited to:
    • Personal Retirement Savings Accounts (PRSA)
    • Personal Pension Plans
    • Executive Pension Plans
    • Retail Master Trusts
    • Personal Retirement Bonds

 

  • Investment guidance: After we collaborate with you to assess your risk appetite, asset base and term to maturity [remaining period before your retirement date], we will assist you in selecting an appropriate investment plan tailored to your personal preferences.
 
  • Post retirement assistance: We are keen on aligning your pre-retirement strategies with your post-retirement objectives, so we will remain by your side as you manage your income flow after you retire. We will aid you in deciding which post-retirement solutions work best for you, allowing you to choose from:
    • Annuity Products
    • Approved Retired Funds (ARF)
    • Approved Minimum Retirement Funds (AMRF)

Deciding which post-retirement product to avail of can be one of the most challenging decisions to make for a retiree, which is why it is strongly recommended to come talk to us about the suitability of each option. Depending on factors such as certainty/security of income flow, flexibility, risk profile, inheritance options and value for money, each option will benefit different individuals. Whilst all of this may seem a complex concept to wrap your head around, we are here to break it all down into a very comprehensible, simple process that allows you to choose the option best tailored to your needs.

Why Us

  • Personalised Solutions: Each of our clients’ individual needs are catered for based on a detailed assessment of their preferences and financial goals as they step into retirement.

 

  • Sound Advice: We provide unbiased, independent advice which reflects our integrity.

 

  • Fiduciary to our clients: We will always act with our clients’ best interests in mind, striving to provide them with power over their money, even after they reach retirement age.

 

  • Limitless investment opportunities: We have access to a vast range of some of the world’s leading fund and investment managers and their products, allowing our clients to easily build a low-cost, diversified portfolio of assets.

Use the form below to start your conversation today!

Please fill out the form below to email us your query:

Sustainability Factors – Investment / IBIPs/ Pension Advice

In accordance with the Sustainable Finance Disclosure Regulation (‘SFDR’), we inform you that when providing advice on insurance-based investment products/investments, we do not assess, in addition to relevant financial risk, relevant sustainability risks as far as this information is available in relation the products proposed/advised on.  This means that we do not assess environmental, social or governance events/conditions that, if they occur, could have a material negative impact on the value of the investment. 

When providing advice on insurance-based investment products (‘IBIPs’) or investment advice we do not consider the impacts of our advice that result in negative effects on sustainability factors (namely environmental, social and employee matters, respect for human rights, anti-corruptions and anti-bribery matters), because the area of sustainable is relatively new and as the issue progresses, we will review our position.  CML Financial will review this approach on an annual basis in January. 

Contact us today

3 Stephen Street, Sligo, F91 AE42 Ph: 071 91 45016

1 Mount Southwell, Letterkenny, Co. Donegal Ph: 074 9124662

For general queries: info@cmlfinancial.ie

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