Cunningham Financial Services

Thinking of postponing your retirement? You may want to think again.

Warning that some may lose out by opting to defer taking state pension A leading actuary has warned people considering deferring taking their state pension in return for larger payments later, that they may end up losing out.

Are you looking to maximise your Personal Retirement Savings Account (PRSA) for tax-efficient saving in Ireland? Our guide sheds light on strategies to enhance your retirement savings while taking full advantage of tax relief and benefits available to Irish savers. Whether you're self-employed, a contract worker, or an employee seeking to supplement your pension, this guide is packed with valuable insights and practical tips to help you make the most of your PRSA. Contact us for more information and a personal consultation.

https://cunninghamfs.ie/maximising-your-prsa-a-guide-to-tax-efficient-saving-in-ireland/

Maximising Your PRSA: A Guide to Tax-Efficient Saving in Ireland - Cunningham Financial Services Personal Retirement Savings Account (PRSA)

KPMG calls for an increase in tax relief on pension savings saying should be extended to allow for larger retirement funds. It says inflation, changes in life expectancy and interest rates mean the rules put in place a decade ago are no longer fit for purpose.

KPMG calls for increase in tax-free pension ceiling and lump sums Standard fund threshold set at €2m in 2014 needs to increase to account for inflation, life expectancy, annuity costs and demographics, Big Four firm says

Dive into our mortgage guide to the application process, expertly outlined by Thomas at Cunningham Financial Services.

Discover the key roles and steps ensuring a smooth transaction from the initial financial assessment to the final property transfer. This guide demystifies each phase with expert insight, perfect for first-time buyers or those needing a refresher. Start your journey with confidence:
https://cunninghamfs.ie/mortgage-application-process-in-ireland/

The Mortgage Application Process in Ireland The Mortgage Application Process in Ireland laid out in steps for you. You can see what you have ahead of you. Let us help you with it.

The inflation rate in the Eurozone is now aligning more closely with the European Central Bank's target of 2% per annum. Looking ahead to 2024, expectations are set for a continued easing and stabilization of the Consumer Price Index (CPI). While there are concerns about the risks of deflation or a surge in inflation should interest rates decrease too rapidly, these scenarios are seen as less likely unless unexpected events occur. The anticipated trajectory suggests a CPI increase of approximately 1.8% by the end of 2024. This anticipated outcome is likely to influence a more lenient stance on interest rates, which in turn could boost business investment and enhance household spending power.uro area CPI is now trending closer to the target 2% annual rate. The baseline scenario in 2024 is for CPI to continue to moderate and stabilise. The prospect of deflation or a rebound in inflation if interest rates fall too quickly have both been raised as possibilities by economic forecasters, however, barring any majorly unforeseen events, the base-case scenario should hold true. We expect a Euro area CPI annual rate of +1.8% by year-end 2024. This will support a more dovish approach to interest rate policy and will be positive for general business investment and for household disposable income.

Ireland Real Estate Market Outlook 2024 https://www.cbre.ie/insights/reports/ireland-real-estate-market-outlook-2024

Economic activity has slowed noticeably in 2023 but the economy is still expected to grow over the forecast horizon.

Quarterly Bulletin Q4 2023 Read our latest assessment of the Irish and euro area economies in our latest Quarterly Bulletin No.4 2023.

An informative guide to buying a home for first-time homebuyers in Ireland.

Home Ownership a First-Time Buyers Guide - Cunningham Financial Services A Guide for first-time buyers in Ireland: Key steps to navigate the property market and make informed decisions when buying your first home.

New developments in pension scheme regulations are on the horizon! According to an article by the Irish Times today, pension schemes may face a strict regulatory clampdown if they do not adequately engage with new rules.

Stay informed and ensure your pension scheme complies with the latest requirements to avoid any potential issues.

Call us and arrange a consultation for qualified professional advice.

👉 Read more in the Irish Times article to understand what these changes mean for you: https://www.irishtimes.com/business/work/2023/12/20/pension-schemes-face-regulatory-clampdown-if-failing-to-engage-on-new-rules/

Pension schemes face regulatory clampdown if failing to engage on new rules Final deadline for compliance with stricter and more costly rules on scheme governance and risk management comes at year-end

Supporting your journey towards financial success is our priority as we step into the New Year. Whether it involves creating a robust financial plan, delving into investment opportunities, or securing a comfortable retirement, our expert team is dedicated to helping you achieve your goals. Embrace this season of change with confidence, knowing we are here to guide you towards a prosperous and fulfilling year ahead.
https://cunninghamfs.ie/money-talk/

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