Types of savings
Whether you’re planning for your new home, your dream wedding, college fees or simply for a rainy day, a sensible savings plan can make all the difference.
If you’re looking for savings and investment opportunities, we have lots of different options, depending on how you wish to save – and what you’re aiming for. Independent financial brokers based in Ballina Co Mayo, we offer solid financial advice to our clients.
Start Saving Today – Ready to have a conversation?
If you’d like to have an informal, no obligation, conversation about how we can help you Start Saving today, please get in touch.
Make your dreams come to life with regular savings
What are you aiming for? What are your saving goals? Whether you’re planning to buy a new car or if you’re saving for your children’s education, the holiday of a life-time or simply for a rainy day, you can make your dreams a reality with monthly savings. With our Regular Savings plan, save from as little as €75 per month and potentially grow your investment. The team at Allied Financial discusses your options with you before a plan is presented, with considerations for whats the best savings plan out there, offering the best savings rates, and the team constantly review the high yield savings accounts currently on the market.
As a parent, you want to give your child the best start to adult life. The Child’s Savings Plus plan is an innovative option from Allied Financial which helps you to give a child a head start when it comes to financial matters. The Child’s Savings Plus plan also allows you to maximise the Gift Tax saving for the child by enabling you to legally assign the plan to the child, thus making full use of the annual Gift Tax exemption limit of €3,000 from any individual (€6,000 from a married couple). Our child savings plan is specially designed to allow you to start shaping a future for your kids.
Child’s Savings Plus – FAQ
What is Child's Savings Plus?
Child’s Savings Plus is a regular premium, unit-linked savings plan. It allows you to invest in a range of investment funds at the start of the policy, and once you make your choice of funds, the fund choice applies for the life of the plan.
How does our Child's Savings plan work?
Opening a Child’s Savings plan is very simple.
● You can choose which funds to invest in at the outset. We can help with that.
● You’ll need to decide how much you wish to put aside each month – it can be as little as €75. We can help you figure out how much you might need to save, depending on how long you plan to save.
● Then you can assign the policy to your child to maximise gift tax savings.
What are the main features of the Child's Savings Plus plan?
● Peace of mind – by opening a Child’s Savings plan your kid will have a head start with college, buying their first home, buying their first car or helping them set up their own business.
● Smart savings – this plan makes full use of annual gift tax exemption limits.
● Flexibility – you can vary your payments whenever you like.
Who's Child Savings Plus for?
● Parents who wish to save for their children’s future.
● Relatives or god-parents who would like to put aside money for a child’s future.
● Those happy to save for a period of 5 years or more.
Saving for a house
Buying a home requires planning. So, whether you’re saving for your own home or looking to put some money aside to help your children get on the property ladder, receiving the best advice is important.
SECURING YOUR DREAM HOME
Most of us want to own our home. Unfortunately, rising prices might make it feel like it is out of reach. However, equipped with a financial plan based around sound saving you can accumulate the funds necessary to put down your first deposit and secure that special place.
Over the past decade, house prices have been rising. While the value of your ideal home today might be €200,000, five years down the road, prices may have risen. If you’re only saving on deposit, the reality is you could be falling further behind your house deposit objectives.
TOOLS TO GET YOU STARTED
Knowing how to save for your goals is important, but you don’t have to be a financial genius to do it. Use our budget calculator to work out how much you can save.
Saving for home improvements
Making improvements is part of the joy of home-ownership. If you plan correctly and save for the changes you wish to make, home improvement projects can be exciting and very rewarding, both mentally and financially.
STARTING A SAVINGS PLAN
If you are considering work on your house, don’t go further into debt. There may be lots of home improvements you’d like to make but adding debt is never a good idea. Instead, try and save some money to create the finances needed.
RETURN ON INVESTMENT
A great motivator to start the savings habit is recognising that your home improvement project will add value to your property. Before you dive into that living room conversion, look at which projects give the best return on investment.
CONTROL YOUR SPENDING
If you’re not measuring, you’re guessing. Using our budget calculator will help you get a handle on your finances. You’ll be amazed at how much you spend on things that are not important.
Make your dreams come to life with regular savings
What are you aiming for? What are your saving goals? Whether you’re planning to buy a new car or if you’re saving for your children’s education, the holiday of a life-time or simply for a rainy day, you can make your dreams a reality with monthly savings. With a Regular Savings plan, save from as little as €75 per month and potentially grow your investment.