Thursday, 20th September 2018
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Wednesday, 19th September 2018

John Smiles

Qualified Financial Advisor

How might Brexit

affect my UK pension?

Many Irish residents have some form of pension arrangement in the UK and Brexit is a big concern for them.

Brexit looks certain to happen but the final result is still very uncertain.

It is expected that access to the single market for UK providers of financial services on an equivalence basis will not happen.

Questions are now raised about the status of existing UK financial services contracts. Will they be valid post-Brexit? We don't know.

Already moves are afoot to move UK financial services contracts from the UK entity to an EU entity.

Aside from the potential effects of Brexit, why should you consider leaving your pension arrangements in the UK or moving them home to Ireland?

Many people like Sterling considering it to be a strong independent currency. Currency is notoriously volatile and no matter when

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Wednesday, 12th September 2018

Michael Garland bizBoost PR
It’s a mystery!

Ijust love BBC television’s production "University Challenge". I’ve been a fan for many a year. I’m so old, I can remember Bamber Gascoigne presenting it on ITV. (Completely unrelated to that Sassenach footballer from Newcastle.) The latest series is currently running on BBC Two, with Jeremy Paxman, the ex BBC Newsnight inquisitor, in the interrogator’s chair. His hard teak veneer, only very occasionally giving way to uncontrolled bouts of laughter. Often at the expense of the team with a significant, negative points score. I try my very hardest, every week, to answer some of the myriads of questions asked. If the truth be told, I never seem to manage to get any of the starter questions. My wee brain is just not quick enough, sharp enough or expansive enough, for

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Wednesday, 12th September 2018

John Smiles

Qualified Financial Advisor
Stocks likely to dominate in the next 10 years

Five companies with the acronym PANDA, have the potential to dominate over the next decade. Each has one or more mega trends at their back which will help drive growth. Those mega trends are, increasing use of digital payments, the introduction of autonomous vehicles, streaming/cord cutting, e commerce and cloud computing growth PayPal is the leader in digital payments with a strong presence in mobile payments. As society becomes more cashless and consumers switch to online services, PayPal stands to benefit by not only growing its active accounts but as the number of transactions those accounts are making increases. Google, now Alphabet, will be more than just Google search, benefitting from autonomous vehicles because it owns Waymo, the leader in self driving. Autonomous vehicles create

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Wednesday, 5th September 2018

John Smiles

Qualified Financial Advisor

Plan that inheritance

Changes in taxation often go under the radar and their impact goes unnoticed. When planning the transfer of assets, either by Gift or Inheritance, professional financial advice is very important.

Most people are aware there is a tax-free threshold, below which the amount transferred will not be subject to Capital Acquisitions Tax [CAT], formerly called gift tax or inheritance tax. This threshold depends on the relationship between the person making the gift/inheritance (the Disponer) and the person receiving it (the Beneficiary).

Currently a child can inherit €310,000 from a parent; a brother, sister or nephew, etc can inherit €54,254 and all 'other' beneficiaries can inherit €16,250.

The current rate of tax is 33%.

People who choose to live together in non-married relationships and divorced people fall into the 'Other' category above and will only have an exemption of €16,250

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Wednesday, 5th September 2018

Michael Garland bizBoost PR

Geography really matters in all areas

As my Number One son returns to school for the last year of his secondary education, I started thinking about my own school days at Bell Baxter High, in Cupar, Scotland. From memory, a mixed school of around 1500 pupils and with a catchment area, covering the North East, of the County of Fife. Despite some age related memory lapses, I can still recall some wonderful cherished moments, in particular, meeting new teachers, during my six year progression through this large, co-educational establishment.

It's scarcely credible, the calibre of those teachers I remembered so warmly, often individuals who belted me, to their apparently frequent timetable, or those who'd sprung a surprise introduction, on my first day of class.

One such teacher was Mr Brown, aka "Ecky Broon" (Scottish diminutive of Alex), as the kids

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Thursday, 30th August 2018

John Smiles

Qualified Financial Advisor

The value of

Financial advice

Consumers sometimes are not clear about the value of financial advice, so here are a few thoughts on what you can expect to gain from seeking financial advice from a professional Financial Broker.

Consumers don't want conflicted advice, they want advice and financial solutions that are based on their own specific goals and objectives, not those of the adviser.

The independence of the advice giver is critical, advisers need to be able to seek out and provide the very best solution in the market for the client.

The days of "force fitting" clients to the single product solution that is the only one available to a product seller are long gone. Financial brokers offer solutions that start and end with the client their specific goals, their requirements and their specific circumstances.

Consumers want clear and transparent charging. Similar

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Thursday, 30th August 2018

Michael Garland bizBoost PR

Rose-tinted glasses for one and all

Oh no, here we go again! It's like we are on a roundabout, that's spinning far too fast and we just cannot escape. We desperately want to jump off, before the next sick inducing rotation, as we are feeling queasy! Bully-Boy Harris however, is keeping us on, turning us faster and faster, just to see us suffer a wee bit more. Of course I am talking about the news, that we've another mobile lab, or not so mobile lab, or static lab, or modular lab, at University Hospital Waterford (UHW).

It's hard to know just what it is we have been given. Even our three TDs, are befuddled as to what exactly has arrived at UHW. (Deasy, our missing fourth TD, is of course maintaining his radio silence.) The others, blame the "Information"

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Wednesday, 15th August 2018

What is the flexible retirement challenge?

The Finance Act 1999 introduced flexible options on retirement for many pension arrangements. This has had a massive impact on the choices available to people when accessing their retirement benefits.

Do you:

- Leave your whole pot intact until you decide what's best for you

- Secure a guaranteed income by purchasing an annuity

- Flex your options with adjustable income investments to suit you needs

- Transfer out cash in amounts to suit your requirements

- Access your whole pension savings in one go, subject to tax

- Some or all of the above

These choices can seem overwhelming. The good news is, despite the confusion, there is a real opportunity to take control of what your retirement could look like.

Planning your spending in retirement is the most difficult of financial challenges you will face. Think how long it takes to decide which phone provider to switch to

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Wednesday, 15th August 2018

Barry Wright recently spoke to us at the weekly Connect Effect meeting. Barry who resides in Adamstown, Wexford is the owner of two businesses and works nationwide. His first business provides Safety Services and his second business provides Cost Management Services, both of which he is highly qualified for.

Barry Wright holds an MSc Degree in Occupational Safety & Health Management and a Diploma in Health & Safety at Work from UCD. Barry is the Managing Director of Wright Safety Services which provides a range of services including the provision of Safety Statements, various training courses and Risk Management services to industry.

Barry is also an Incorporated Financial Accountant, a Qualified Financial Advisor and a Member of the Irish Institute of Purchasing and Materials Management. As Managing Director of Wright Cost Management Services, he provides cost management and reduction services to companies,

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Wednesday, 15th August 2018

Michael Garland bizBoost PR

Blood, sweat and fears!

Two Saturdays ago, I and many others, took some very deep breaths, swallowed a few brave pills, crossed the border and ventured into County Kilkenny. Black Cat country!

Thankfully, John Paul Phelan has not yet built his "Wall", but it's only a matter of time. Forget Brexit's impact on the movement of free travel across Europe. JPP will have the Deise folks needing visas to cross the River Suir, to access all things North of Ferrybank.

I would guess that over 500 took part in the "Tour De Kilkenny". Okay, so this was not the Tour De France. It's not a three week cycling marathon, but a one day event with a choice of four cycling routes.

The four circuits were 44km, 77km and 110km long. For the "Big boys and girls" there was a challenging, energy

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Letters to the Editor

  • Waiting can be bad for your He...

    When the latest statistic that waiting times for patients had risen to their highest level yet, there can't have been too many people that were surprised.There are now over 700.000 people on waiting lists with over 50.000 of them children. That so many people are waiting for treatment in one of the most developed economies in the world is truly frightening. Of course you can take into account the underfunding of the health sector during the economic downturn but it still wouldn't fully explain why so ma …

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