Business Owner

Worried about your Retirement?

We often hear people saying that they have left it too late to do anything about their retirement, but this is a myth, sure, it is better to start early but it is never too late.
At Foxrock Financial Limited we can show you how to increase your retirement fund in easy manageable steps. It doesn’t matter how many pensions you currently have or even if you have none. We can help you consolidate your existing plans to make more sense to you and if you don’t have a plan we can advise you on the most flexible arrangement that will suit your circumstances and your tolerance to investment risk. Did you know that you are entitled to a tax free sum at retirement?
We have agencies with all of the major insurers in Ireland and can put in place, Personal Pensions, Personal Retirement Savings Accounts, Employer Sponsored Pension Arrangements. We will help you determine whether you are a Pension Saver or a Pension Investor.

Why not call us today and arrange a consultation, its time you stopped worrying and took action, call us on 01 906 5772 or email info@foxrockfinancial.ie

Personal Wealth Management

When much of your time is spent developing your businesses and/or careers, you don’t always have the time or expertise to grow and manage your personal wealth to its maximum potential.

Similarly you may have adopted an ad-hoc approach to financial planning seeking advice from different sources and at different points in time. Whilst this advice may have been appropriate at that time, a financial makeover may now be needed to reflect any changes in your personal circumstances.
We can help you determine what type of financial makeover you may need.

We provide a service designed to assist you maximise your personal wealth and achieve your personal financial objectives. In essence, our aim is to assist individuals with achieving a level of personal wealth in the future so that work becomes an option, not a necessity.

We begin by examining your personal objectives and family situation. We can then help you devise a customised personal financial plan to be implemented over time. This plan is designed to be a blueprint that covers your entire future financial planning.

For impartial and independent advice to plan for your future, contact us at 01 9065772 or email info@foxrockfinancial.ie.

Self Administered Pension Schemes

Controlling your investments in a tax-free environment.

What is a Self Administered Pension Fund?

  • A self administered pension fund (“the Fund”) is a tax-exempt trust that is established for the benefit of an individual, usually a company director or senior manager
  • Pension contributions are made to the Fund by the company. You can also make contributions to the Fund that qualify for personal income tax relief, within limits.
  • You can choose to invest in a wide range of investment assets through the Fund and the Fund can also borrow to invest in certain assets such as property.

What are the benefits?

  • Payments to the Fund can be made by the company from pre-tax profits. You also receive tax relief at your marginal rate of tax on personal contributions to the Fund, within limits.
  • Existing company pension funds can be transferred into the Fund.
  • The Fund can be accessed by you from age 50 onwards, with the consent of the company
  • A tax-free lump sum of 25% of the value of the Fund can be taken by you at retirement and the balance can be accessed as and when required, with some restrictions.
  • You have control over how the assets of the Fund are invested.
  • All income and gains earned by the Fund are earned tax-free.
  • The Fund can borrow to purchase residential and commercial property, open a deposit account, acquire shares in listed and private companies and invest in funds and bonds.

How does the Fund work?

  • A trust is legally established.
  • Trustees are appointed, consisting of a Revenue approved pensioneer trustee and the beneficiary, i.e. you.
  • An application is made to the Revenue to operate the trust as a tax-exempt pension fund.
  • Investments are approved by the Trustees on an ongoing basis.
  • Restrictions apply to the choice of investments, level of contributions and benefits and the type of borrowings.

For further information on Self Administered Pension Fund, contact us at 01 906 5772 or email info@foxrockfinancial.ie.

Business Protection

When you are responsible for the future success of a business either solely, or as part of a management group, there are many circumstances that can have damaging and lasting consequences for your business.
Have you considered the following:-

  • How would your business survive the death of one of your fellow directors or partners?
  • What would happen to their share of the business?
  • Would control of your business fall into other hands?
  • If you die what will happen to your share of the business?
  • How will your family survive financially?
  • Can the business survive the death or serious illness of key employees?
  • What would be the cost of replacing one of your key people?

Whether you are a shareholder/director in a private company, partner in a professional practice or a sole practitioner, the consequences of the above can have far reaching implications.
Adequate business protection cover is the only way to ensure funds will be available to alleviate these difficulties and ensure the continuity control and survival of the business while also providing financial security for your family.
For further information or advice on business protection, contact us at 01 906 5772 or email info@foxrockfinancial.ie.

Income Protection

Have you ever considered how you would pay your bills or loan repayments if you became seriously ill and were not earning income?

Disability cover, also known as Income Protection or Permanent Health Insurance (PHI), provides a regular ongoing income, after a deferred period, in the event of mental or physical disability/illness which prevents you from working. The benefit is paid until the ceasing age or the insured person returns to work.

Given that the current state disability benefit is €204.30 per week, securing appropriate income protection is important.

We can help you secure the protection cover you need:

  • We have agencies with all insurance companies and can shop around for the most cost efficient and most suitable quote for you.
  • We offer one-to-one meetings in our city centre offices or at a location most convenient for you.
  • More importantly, we do not charge you fees for our services.

The benefits of Income Protection include:

  • Less worry if you are unable to work due to illness or disability
  • Benefit continues to be paid until you return to work or reach retirement age
  • Tax relief on premiums
  • Proportionate benefit if returning to work on a lower salary
  • The premium is waived while you are receiving benefit

For further information on Income Protection/Disability Cover and/or to receive a quote specific to your individual needs, please contact us at 01 906 5772 or email info@foxrockfinancial.ie..

Life and Health Cover

Securing life cover is a simple and effective way to financially provide for your dependents on your death.

By paying a premium to an insurance company, each month, over a specified term, you can ensure that your dependents receive a lump sum benefit should you die during the term of the policy. This is important considering that the state contributory pension for widows under 66 and for each dependent child is €209.80 and €26 per week respectively.

We can provide you with advice on and arrange a life policy that suits your individual needs and circumstances:

  • We have agencies with all insurance companies and can shop around for the most cost efficient and most suitable quote for you.
  • We offer one-to-one meetings in our city centre offices or at a location most convenient for you.
  • More importantly, we do not charge you fees for our services.

Our range of life policies include:

  • Mortgage protection
  • Level term assurance
  • Convertible term assurance
  • Whole of life
  • Personal pension term assurance (particularly beneficial for self-employed individuals where tax relief is available on premiums paid)
  • Serious illness cover
  • Group death in service benefit
  • Group permanent health insurance (PHI) benefit

For further information on Income Protection/ Disability Cover and/or to receive a quote specific to your individual needs, please contact us at 01 906 5772 or email info@foxrockfinancial.ie.

Investment Portfolio Services

When it comes to investing for your future, you want to be sure of all your options.
We can help you find the right investment portfolio to meet your particular objectives, your appetite for investment risk and your desired investment term.

In recommending a portfolio to meet your needs, we will:

  • Adopt a strong focus on Asset Allocation
  • Conduct rigorous research of the investment market before appointing Specialist Managers to perform stock selection
  • Construct Balanced and Diversified Investment Portfolios
  • Deliver efficient Risk Adjusted Investment Returns
  • Keep investors updated in respect of investment matters

For further information or to discuss your options, contact us at 01 906 5772 or email info@foxrockfinancial.ie.