Lucas Financial Consulting Ltd

Bank Deposits & Cash Funds – Whats the alternative…………….?

With Interest rates likely to be ” lower for longer” many people have seen their mortgage repayments fall dramatically. This is especially true for anyone who is “lucky” enough to have a Tracker Mortgage. But low interest rates isn’t all good news.

Many people can’t afford to keep their Savings, Investments or Pensions  in cash as it’s not generating enough income or return.  The problem then for many people is that they don’t want to take any risk.

Read more »

What the fund managers say..

In this section we look at the House view of one of the leading Fund Managers operating in Ireland and importantly, what’s on the horizon for the following in 2010:-

Economic Growth, Equity Markets, Currency Markets, Interest Rates and Bonds

Read more »

Many people don’t realise how affordable and comprehensive Income Protection can be. Full tax relief is normally available on all Income Protection premiums paid, so a €50 per month contribution could only cost you €29.50 after tax*.
Read more »

Is there a need to include an Approved Retirement Fund in your Will in order to avoid tax being payable on the transfer of the ARF between spouse’s in the event of death?

Read more »

The aim of this budget was to reduced exchequer spending by €4 billion without increasing income and other taxes.

The main details are:

• Income tax rates remain at 20% and 41%. To recap, you pay an income levy of 2% up to €75,036pa, , 4% between €75,037 to €174,980 pa, and 6% in excess of €174,980 p.a.
• The personal income tax rates are €36,400 (Single), Married Couple (one income) €45,400, Married Couple (dual income) €45,400 @20% with an increase of €27,400 max, balance at 41%.).
• PRSI for Class A1 is 4% on first €75,036 and health levy is 4% on income up to €75,036, 5% on income greater than €75,036.
• The main tax credits are €1,830 single, €3,660 married, and PAYE €1,830.

Read more »

Welcome to Lucas Financial Consulting Ltd.

We are a firm of Independent Financial Consultants specialising in Retirement Planning, Investments and Family and Business Protection.

Read more »

There is a lot more to making the right investment decision than taking a chance and hoping for the best. What’s more for many people it doesn’t have to be that way.

Read more »