Info

Informed Decisions Independent Financial Planning & Money Podcast

If you are looking for Independent voice on Investing, Retirement Planning & Financial Planning Podcast in Ireland, you may have just found it! Join me, Paddy Delaney as we talk straight and steer you towards a better financial future. Take control of your financial future and develop successful habits with your money. Join Paddy Delaney on Ireland's award-winning Personal Finance & Financial Planning Podcast & Blog. He aims to cuts through the sometimes confusing jargon of financial products and services, to help you make informed financial decisions, for you........No nonsense, straight up fact, and a little bit of a laugh at the same time! The Podcast is on a mission to enable it's listeners provide themselves with better financial futures, and ultimately to make a positive difference in the lives of listeners. Thanks so much for checking out the show! You can get in touch by email: admin@informeddecisions.ie Paddy Delaney Qualified Financial Advisor Qualified Retirement Planning Advisor Qualified General Insurance Practitioner Qualified Executive Coach
RSS Feed Subscribe in Apple Podcasts
Informed Decisions Independent Financial Planning & Money Podcast
2022
October
September
August
July
June
May
April
March
February
January


2021
December
November
October


2020
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August


All Episodes
Archives
Now displaying: December, 2018
Dec 16, 2018

Welcome back to Ireland's award-winning & independent Financial Planning blog and podcast. We are on a mission to share ideas and educate people to avoid mistakes and make decisions that will benefit them in the future. Drop me an email here with any of your ideas or feedback on making the site/podcast better, would love to hear from you.

For a while now I have been really keen to get a 'non-advisor' to tell us what has changed in recent years in the UK in the financial advice arena, and how that has impacted consumers like you and I. The reason I have been keen to get speaking to a non-advisor is because advisors can have tainted views of things particularly when it comes to regulatory change etc, understandably they don't always like it!

Rory Percival is the person for the job here, as a former FCA regulator and now running a Consultancy and speaking business that helps advice firms to stay abreast of regulatory change, there aren't too many others as well placed to share some insight with us.

We have a fairly broad-ranging conversation covering some questions like:

What has changed in recent years in financial services and advice?

What lessons can we learn about transferring defined benefit pension scheme?

How are people protected when it comes to seeking advice and is that advice up to scratch?

Should I transfer out of my defined benefit scheme, and if so what should I look out for?

What are investment platforms and can they be trusted?

Be sure to listen to the end where Rory shares his top tips for people in how to best manage income in retirement, and ensure that they have the best chanve of maintaining lifestyle in retirement.

Have a hugely Merry Christmas and see you in 2019!

Paddy Delaney

QFA RPA APA Coach

Links:

Rory Percival site

Rory's guide to Defined Benefit Pension Transfers (UK)

 

Dec 10, 2018

Welcome back to Ireland's independent & award winning Financial Planning Blog & Podcast. We don't claim to be perfect but we have been creating and sharing ideas here on the podcast for the past 2 years and are on a mission to help people of Ireland (& beyond!) to make decisions which benefit them in the long-run. All we ask is that if you like what we are doing that you'd tell a friend or loved-one about us and see if it can be of any use to them!

Speaking of long-run we are hugely grateful for your ongoing support, readership and listenership, if the few thousand of you who listen every month didn't do so we wouldn't still be producing the show, so thanks for that, we love it! I know I say 'we' but it is really only me, but for some reason it seems right to me! Maybe we will be a we in future! Last week we tackled Entrepreneur Relief, and had some interesting emails from some entrepreneurs who have learned a thing or two as a result, which is cool!

This week I have to vent a little, not for my own good but as a bit of a warning or war-cry for us all. It is pretty disappointing that people still need to be warned about what I am talking about today but it is a fact, and an important one at that. What I am talking about is a charging structure that I witnessed on a retail savings product recently, that was being promoted on a state-funded website by an 'advisor' with national media coverage. It also ties-in with my announcing that I have recently become Ireland's first Ambassador for the Transparency Task-Force. This is a voluntary group/movement based in several countries, with a few hundred members, and a dozen or so ambassadors. As the title suggests they exist in order to encourage more transparency and improved provision of information in financial services industry. I hope to interview the founder Andy Agethangelou in January so we'll have more for you in a few weeks!

Paddy Delaney

QFA | RPA | APA | Qualified Coach

Dec 10, 2018

Welcome back to Ireland's independent & award winning Financial Planning Blog & Podcast. We don't claim to be perfect but we have been creating and sharing ideas here on the podcast for the past 2 years and are on a mission to help people of Ireland (& beyond!) to make decisions which benefit them in the long-run. All we ask is that if you like what we are doing that you'd tell a friend or loved-one about us and see if it can be of any use to them!

Speaking of long-run we are hugely grateful for your ongoing support, readership and listenership, if the few thousand of you who listen every month didn't do so we wouldn't still be producing the show, so thanks for that, we love it! I know I say 'we' but it is really only me, but for some reason it seems right to me! Maybe we will be a we in future! Last week we tackled Entrepreneur Relief, and had some interesting emails from some entrepreneurs who have learned a thing or two as a result, which is cool!

This week I have to vent a little, not for my own good but as a bit of a warning or war-cry for us all. It is pretty disappointing that people still need to be warned about what I am talking about today but it is a fact, and an important one at that. What I am talking about is a charging structure that I witnessed on a retail savings product recently, that was being promoted on a state-funded website by an 'advisor' with national media coverage. It also ties-in with my announcing that I have recently become Ireland's first Ambassador for the Transparency Task-Force. This is a voluntary group/movement based in several countries, with a few hundred members, and a dozen or so ambassadors. As the title suggests they exist in order to encourage more transparency and improved provision of information in financial services industry. I hope to interview the founder Andy Agethangelou in January so we'll have more for you in a few weeks!

Paddy Delaney

QFA | RPA | APA | Qualified Coach

Dec 3, 2018

Welcome back to Ireland's award winning & independent financial planning blog & podcast, where we are on a mission to share ideas and information that hopefully helps you make decisions that delivers long term results for you. Thanks for the lovely reaction to last weeks' episode, I certainly enjoyed sharing the story! This weeks' topic is kinda closely related to the oul' lizard-brain and relates to entrepreneurship!

We are not tax experts but it has been asked of us a few times recently so this week we will share a wee bit of info about how 'entrepreneurs' can stand to benefit from a pretty significant chunk of relief......of the financial sort.

A Short Story:

Maria Dalmation set up a dog grooming company back in 2010, called 'I Shitzu-Not' Limited (I don't think I'll ever make it in advertising!). Anyway, she had a steady start, and then when she won a national dog-grooming title for her grooming skills her business took off. For the 4 years from 2013 to 2017 she had revenues each year in the region of €200,000, business expenses including wages of €100,000 meaning she had profits of €100,000 per year. She did pay corporation tax at 12.5% on the money in the business each year however the company had cash of €550,000 in it's bank account at the end of 2017.

Maria Dalmation had an epiphany in January of this year, she wanted to leave the grooming business, it was time for a new adventure, to pursue her love of discovering and documenting Mongolian Cave Art (please understand I had to make this really random so as to avoid the chances of anyone coming forward to claim I was talking about them!). So she sought to leave it all behind, and sell the business to a colleague that had been working with her for the past few years.

Maria's business at that stage was worth €750,000 (including cash and goodwill), she sells it for €750,000 and pays a measly €75,000 Capital Gains Tax on that sale of her shares in the business. She pocketed, perfectly legitimately and appropriately, €675,000 of the €750,000 sale price. To put that in context had she sold an investment, property or other asset other than a limited company on which she had the same gains she would have paid Capital Gains Tax at 33%, equating to €247,000, meaning she would have pocketed €500,000. A simple thing now called 'Entrepreneur Relief' has reduced her tax liability on disposal of her business by €175,000.

Continued.........

Paddy Delaney

QFA | RPA | APA | Coach

1