The Avondhu

Protect your future – talk to SYS Group today

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Your financial future is secured through financial planning. What do you want to achieve? Do you want to put a retirement or savings plan in place? You can never start too early.

WHAT IS A PENSION?

A pension is a regular payment made to an individual, typically after their retirement, to provide them with a source of income to support their living expenses. Pensions are often funded through contributi­ons made by the employee, the employer, or both, over the course of the individual's working life. These contributi­ons are invested in various financial instrument­s, such as stocks, bonds, or mutual funds, to generate returns and grow the pension fund over time.

“I often ask my clients; would you be able to maintain your current lifestyle on €253.50 per week? That is what the

State pension is,” says SYS Groups’ local representa­tive Dave O’Connor.

“Although your commuting costs and bills might fall, it’s a matter of fact that your health expenses are likely to increase. With that in mind, you need to ensure you feel confident you have enough stored away.”

There are different types of pensions that are made available to each person, depending on their circumstan­ces.

“Your pension and needs are unique to you. You may be self-employed, or a company director who has to consider other people’s financial futures. Retirement is an exciting chapter in your life. Why not go into it feeling financiall­y stable?”

SYS Group is a multi-award-winning financial planning company with offices in Cork, Waterford, Dublin and Nenagh. Its 40 members of staff are based nationwide with a strong Cork presence in the Mitchelsto­wn area and outskirts of the city. SYS Group offers a wide array of financial specialist areas, including an advisory offering across retirement planning, investment­s and savings, inheritanc­e and succession planning, and in particular the whole area of tax efficient structures.

If you still have questions as to why you need a pension and how you can protect your future today, contact your pension and savings expert Dave O’Connor today at dave@sysgroup.ie or 086-2476032.

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