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    Archived pages: 19 . Archive date: 2012-12.

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    Descriptive info: .. Home.. About Us.. Latest News.. Contact Walbrook Consulting.. Walbrook Consulting.. Milltown.. Newmills.. Letterkenny.. Co.. Donegal.. Ireland.. Tel - 0749128325.. Mob - 0868049047.. Walbrook Consulting.. are regular contributors to the Irish finance magazine.. Saving for your retirement? – How will the measures introduced in the recent Budget affect you  ...   reliefs currently available?.. Your Guide To Investing In Shares.. Pension advice for over-60s (Part 2 of 2).. Pension advice for over-60s (Part 1 of 2).. The Irish Credit Bureau: Know your score!.. Copyright 2012.. All Rights Reserved.. Joanne Enright t/a Walbrook Consulting is regulated by the Central Bank of Ireland..

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  • Title: About Us |
    Descriptive info: With exceptional expertise, experience and the option of fee based advice, Walbrook Consulting which was formed in 2009 by its principal Joanne Enright brings a new approach to financial planning.. Exceptional Expertise.. Masters Degree (MSc.. ) in Finance Investment.. The Chartered Institute for Securities Investment (CISI) Diploma incorporating Private Client Investment Advice and Management.. The Professional Diploma in Financial Advice (Qualified Financial Adviser – QFA) awarded jointly by The Institute of Bankers in Ireland, the LIA, and the Insurance Institute of Ireland.. Exceptional Experience.. Worked with Deloitte in the Channel Islands as a manager in their Investment Consulting Division covering Jersey, Guernsey Isle of Man.. Worked in International Treasury Portfolio Management with the  ...   Advice Option.. The primary benefit of fee based advice is that our objectives are in line with yours and you can be sure that you are getting a truly objective opinion.. We will review your existing financial provisions in the context of your overall objectives and where appropriate make recommendations.. You can then implement the advice.. at your own speed and using your own methods.. Initial consultations are free and our charges thereafter are based on the level of service you require.. In all cases we will provide a written estimate of the fee before acting on your behalf.. Other Interesting Items.. Pages.. Archives.. December 2010.. November 2010.. Contact.. E-mail -.. info@walbrookconsulting.. ie..

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  • Title: Latest News |
    Descriptive info: Recent Entries from Our Blog.. Posted by.. Admin.. on December 10, 2010 with.. 0 Comments.. Published 9th December 2010.. In early March the Government proposed significant changes to pension legislation in the National Pensions Framework.. This was followed by the National Recovery Plan, which outlined how they plan to save Eur700 million by reducing the reliefs currently available on individual pension contributions.. Tuesday’s Budget brought a number of these proposed changes into force.. Pension legislation is set to change dramatically, but what will the latest announcements mean for you and what steps can you take to ensure that you make the most of the pension reliefs currently available?.. There is much comment on pension relief targeted towards the higher earners and, in response to this, the Government has reduced the annual earnings cap for employee/personal pension contributions by almost 25 per cent from Eur150,000 to Eur115,000.. This means that the maximum salary against which an individual is able to make pension contributions and avail of the relief is now set at Eur115,000 which is considerably lower than the Eur275,236 limit which was available in 2008.. In a related move, the Standard Fund Threshold (i.. e.. the maximum allowable lifetime limit for a tax-relieved pension fund) has also been reduced from Eur5.. 4 million to Eur2.. 3 million per individual, which is effective immediately.. Employee pension contributions paid in 2011 will no longer qualify for relief against PRSA or against the new Universal Social Contribution, which replaces the current health and income levies.. For most employees, this reduces the relief available to them by five to eight per cent of the contribution made.. It is acknowledged in the Four Year Plan that reducing income tax relief on pension contributions to the standard income tax rate would discourage the bulk of employees/individuals from making pension contributions.. However, the Government are committed to raising Eur700 million from this sector and so have outlined their plan to reduce the rate of income tax relief on pension contributions from 41 per cent to 34 per cent in 2012, to 27 per cent in 2013 and, finally, to 20 per cent in 2014.. They have left the door open and expressed their willingness to engage with those in the pensions industry to examine alternatives.. There are also changes for those who are nearing retirement or who have already taken their benefits.. With effect from January 1st 2011, pension lump sums in excess of Eur200,000 will be taxed at the standard rate up to Eur575,000 and at the individual’s marginal rate on amounts in excess of this.. Pension lump sums received since December 7th 2005 will be aggregated in order to determine the threshold and tax rate applicable in respect of future lump sums.. In a somewhat unexpected move, the Government have raised the amount which individuals are effectively forced to take from their retirement fund/ARF each year (i.. the ‘imputed distribution’) from three per cent to five per cent.. So how can you make the most of the pension reliefs that are still available? It seems that 2010 and 2011 are likely to be the optimum income tax years for paying contributions to personal pensions, PRSAs and AVCs.. In addition, it is important for high earners to make the most of the higher earnings cap allowance for 2010 (Eur150,000) by making additional contributions before December 31st, if they have not already used their full pension allowance for this year.. Filed Under:.. Pensions.. on November 26, 2010 with.. 1 Comments.. Published 17th November 2010.. Shares or equities, as they are commonly referred to, have posted good returns in 2010.. Although the outlook is still tentative, the FTSE World (which is a measure of global equities) has returned 13.. 6 per cent in the year to date in Euro terms.. So, what are shares? Quite simply, they are a small part of a company that you can buy for a certain price on any given day.. Share prices can move up or down in value depending on the individual profitability and potential of that company and the overall movement in the stock markets.. The aim when buying shares is to invest in a company whose value will increase over time.. However, be warned that there are paid professional investment managers who get it wrong as often as they get it right.. When you buy a share you will also be entitled to a share in that company’s profits, which is called a dividend.. Not all companies are profitable and, therefore, some do not pay dividends.. Again, the key is to invest in a company that is not only profitable at the minute but that also has the ability to grow profits in the future.. Benefits and risks.. The attraction with shares is that you can potentially earn a good return on your investment from selling shares that have gone up in value since you bought them and you may also benefit from any dividends which the company will pay you.. The risk is that if your shares fall in value you can lose money when you come to sell them.. Share prices can move very quickly which makes them very risky, and recent times have demonstrated that even good companies with strong fundamentals can see their value diminish because of poor sentiment on the market as a whole.. It is important to ask yourself if you can afford to take the risk.. How to invest in shares.. There are several ways in which you can invest in the stock market.. Most of the main banks have stock brokering services or you can open an online account, which may be a cheaper alternative.. You can buy the individual shares of particular companies or you can buy into a basket of shares through what is known as a ‘pooled investment’, such as a unit linked fund or an exchange traded fund (ETF).. When you buy and sell individual shares there are associated costs (i.. the dealing charges which the stockbroker will impose and Government stamp duty).. The effect of these charges is such that if you only have a small amount to invest it is not cost effective to have a large number of shares.. One of the basic principles of investing is not to have all your eggs in the one basket and diversify  ...   due to be implemented from next year.. Under current rules, any individual, with the exception of employees who are members of their employer’s pension scheme, have a choice as to how they access their benefits at retirement after they have taken their tax-free lump sum.. The traditional option is to buy an annuity, i.. use the lump sum pension fund to purchase a specified income for life from an annuity provider.. The alternative Approved Retirement Fund (ARF) introduced by Charlie McCreevy in 1999 is by far the more popular choice among those eligible and arguably makes our pension legislation the envy of Europe.. In short, an ARF is quite simply a post-retirement pension fund where the holder is free to decide where the funds are invested and is at liberty to make withdrawals at any stage (subject to income tax).. Broadly speaking, ARFs are the more favoured option because if the individual were to die prematurely after retirement their ARF would be passed on as part of their estate, unlike an annuity where most if not all of the proceeds of the pension fund would be lost.. A key change outlined in the Framework document will, however, make the ARF option inaccessible for those with small to medium-sized pension funds.. When Charlie McCreevy outlined his radical new pension regime back in the late nineties, he set a specified criteria before an individual could access the ARF, i.. they must have a guaranteed income for life of at least IEP£10,000 (Eur12,700).. If the criteria was not met, the pension holder had the option of either using all or part of their fund to buy an annuity to make up any shortfall, or investing the first Eur63,500 of their fund in an Approved Minimum Retirement Fund (AMRF) and the remainder, if any, of their pension fund could then be invested in an ARF.. The capital sum in the AMRF cannot be accessed until the individual reaches age 75 or dies with only the interest/growth which is permitted to be withdrawn.. Despite its rigid nature, the AMRF option grants us a choice.. The Framework document proposes to abolish the AMRF and update the specified income figure to Eur18,000.. These changes will effectively remove the choice which individuals currently have and force the majority of pension holders to buy an annuity at a time when interest rates and, therefore, annuity rates are at historical lows, and equity markets, where most pension money is invested, have fallen dramatically.. Those who are eligible (i.. aged over 60 with a personal pension and, in limited circumstances, company directors aged over 50) should consider accessing their benefits before any changes come into force.. Incidentally, when aged over 60, an individual does not have to stop working to access their benefits.. Published November 4th, 2010.. If you have been refused credit recently you could be forgiven for thinking that the banks just aren’t lending.. To some extent, this may be true but in most cases refusal of credit is more likely due to a poor credit history.. All too often even those with an exemplary credit history are refused a loan quite simply because the information held about them is inaccurate.. So who compiles this information? How is it used and how can you find out what is contained in your credit report?.. The.. Irish Credit Bureau.. (ICB) is not a Government agency.. It is a ‘club’ that is owned by a consortium of lending institutions.. Its function is to compile information regarding the credit history of individuals as supplied by the lenders.. An ICB credit report, which can only be requested with the written permission of the individual, will outline the individual’s personal details; names of the lenders and the account numbers of the loans held; details of the repayments made or missed each month; failure, if any, to clear debt; details of any loans that were settled for less than was owed (written off) and any legal action taken by a lender.. In addition to an individual’s credit history the lender may also request a credit bureau score (CBS).. The CBS is based on a model which is used throughout the financial world and produces a number which summarises the individual’s credit report at a particular time.. It is calculated using the details that the designers of the system (CRIF Decision Solutions based in Italy and Fair Isaac Corporation based in America) believe are best able to predict future ability to pay.. These details may include values such as number of previous late payments, number of accounts, number of previous applications for credit in the preceding 12 months, etc.. A number is assigned to each of the possible values for these details.. These numbers are added up to give a single number – your credit bureau score.. Although the lenders are legally obliged to provide accurate information in relation to each customer, mistakes can happen.. A common error relates to payment breaks on mortgages whereby the lender agrees to grant a six-month payment break from making mortgage payments and this is incorrectly reported to the ICB as missed payments on the mortgage, which can seriously damage your credit rating.. Another typical error is where a direct debit, for example, failed to reach the loan account before the payment date and is wrongly noted as a missed payment.. If you have been refused credit and you believe yourself to have a good credit history you should obtain a copy of the data relating to you held by the ICB.. It costs just Eur6 and can be ordered online from.. www.. icb.. From this report you will be able to determine whether an error has occurred or if someone has tried to obtain credit fraudulently in your name.. The ICB cannot amend your records unless a lender requests it to do so in writing.. Therefore, if you find a mistake in your report you must ask the lender in question to rectify it with the ICB.. If you experience problems or delays, or if your lender fails to put things right for you, you can consider making a formal complaint and referring the matter to the Office of the Data Protection Commissioner.. Do not be complacent when it comes to protecting your good name.. Latest Articles.. Contact Details.. Joanne Enright.. Mob - 0868049047.. Categories..

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  • Title: Contact Walbrook Consulting |
    Descriptive info: Name *.. Email *.. Website.. Message *..

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  • Title: Saving for your retirement? – How will the measures introduced in the recent Budget affect you and how can you make the most of the pension reliefs currently available? |
    Descriptive info: Comments are closed..

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  • Title: Your Guide To Investing In Shares |
    Descriptive info: Comments.. JULIO.. says:.. July 1, 2012 at 2:16 am.. BUY CHEAP INDIAN DRUGS :.. -====.. Anti Depressants Drugs.. ====-.. Purchase Unique Pills Now!..

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  • Title: Pension advice for over-60s (Part 2 of 2) |
    Descriptive info: NEIL.. June 29, 2012 at 10:58 am.. CHEAP GENERIC PHARMACY :.. Men s Health Drugs.. Buy Cheap Generic Drugs Now!.. Reply.. JEFFREY.. July 1, 2012 at 10:35 am.. GENERIC PHARMACY :.. Anti Convulsants Cure.. Buy Generic Drugs Now!.. Leave a Reply.. Click here to cancel reply.. Name (required).. Mail (will not be published) (required)..

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  • Title: Pension advice for over-60s (Part 1 of 2) |
    Original link path: /pension-advice-for-over-60s-part-1-of-2/
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  • Title: The Irish Credit Bureau: Know your score! |
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  • Title: Archives for December 2010 |
    Descriptive info: Archive for December, 2010.. Published 9th December 2010 In early March the Government proposed significant changes to pension legislation in the National Pensions Framework.. Tuesday’s Budget brought a number of these [.. ]..

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  • Title: Archives for November 2010 |
    Descriptive info: Archive for November, 2010.. Published 17th November 2010 Shares or equities, as they are commonly referred to, have posted good returns in 2010.. So, what are shares? Quite simply, [.. Published October 21st, 2010 Next year could bring significant changes to the way in which those with private pensions can access their hard-earned savings at retirement.. Under the current rules, after taking a tax-free lump sum, individuals  ...   (ARF), which is by [.. Published October 14th, 2010 The Government’s plan for pension reform was outlined in the National Pensions Framework document published last March.. All of these radical changes have the customary [.. Published November 4th, 2010 If you have been refused credit recently you could be forgiven for thinking that the banks just aren’t lending.. All too often even those with an exemplary credit [..

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    Archived pages: 19