Do you know how you will pay for your childrens education?
18
Number of days the average family in the UK can financially survive without it's main income source
€8,647
Average annual cost of 3rd level education in Ireland, with student accommodaion
Savings Plans
Savings Plans are monthly contribution policies that are invested into a mixture of stocks, bonds, cash and property. You complete a risk questionnaire to your attitude to risk (level of risk you are comfortable with). There are dozens of funds available and we will help you choose the appropriate fund. These funds can go through periods of volatility (increases and decreases in value) but tend to deliver the highest long term returns.
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Business Savings Plans
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Business Savings Plans work in the same manner as personal savings plans except the business contributes to the plan. If a business has strong cash flow, it can make contributions to fund the purchase of an asset for the business, refurb of premises. Business savings plan can also benefit from more favourable tax rates.
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Personal Savings Plans
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In our experience, most clients use savings plan for children's education. Whether it is for secondary school or third level education, school fees involve coming up with a lump payment each year, when cash flow can be tight in a household. Savings Plans can be started using Child Benefit allowance every month.
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Deposit rates return very little, if anything, at present. Managed funds, despite the volatility they inevitably go through, have far greater long term returns. The greater the returns, the less money you need to fund the investment and the greater the fund you have to purchase an asset, inheritance etc
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Integral Financial Planning has access to many different institutions and will evaluate the most suitable for clients based on cost,service, risk and access to funds.
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Business Savings Plans
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Business Savings Plans work in the same manner as personal savings plans except the business contributes to the plan. If a business has strong cash flow, it can make contributions to fund the purchase of an asset for the business, refurb of premises. Business savings plan can also benefit from more favourable tax rates.