With the approach of the deadline at the end of this month for tax returns, the benefits of pensions for the self employed are not to be overlooked.

October 31st is the deadline for the payment of the balance of 2006 tax liabilities, the deadline for the preliminary tax for 2007 and the deadline for the submission of income tax returns for 2006.

According to Frances O’Hanlon of Frances O’Hanlon Mortgages & Investments, “Regardless of what people think of pensions when it comes to income tax, it’s as simple as this: you can reduce your tax bill by putting money into a pension, subject to certain limits.”
“Whilst the tax savings are obviously very attractive, the right investment choice with a provider and funds to suit the individual can prove to be equally beneficial. Look into it before the deadline and reap the benefits immediately.”

Contact Frances O’Hanlon Mortgages & Investments on 052 6129487 for further details.

Frances O’Hanlon is delighted to announce a Pension and Income Protection seminar will take place at 6.30pm on Thursday 20th September at the Clonmel Park Hotel. Eagle Star and Friends First will be guest speakers on the night.
If you are wondering if this seminar will benefit you, please read on..
Are you saving for your retirement? If no, why not? If yes, do you know what your pension will give you when you retire? If you are in a company scheme have you considered AVC’s? Do you know what your maximum funding is?
Do you get paid if you are out sick? If yes, how much do you get and for how long? If not, can you live on Social Welfare?

Everybody complains about paying tax. There’s two easy ways’ that you can look after your income and your retirement and reduce the tax you pay every week or month.

To register your place please call Frances, Catherine, or Biddy in Frances O’Hanlon Mortgages & Investments on 052 6129487.

Mr. Jim Power was present at the relaunch and first anniversary of Frances O’Hanlon Mortgages & Investments where he gave an interesting speech on the Irish Economy and the South Eastern region.

The Chief Economist of Friends First advised that “there has been a lot of negativity about the Irish Economy in recent months. Factors such as job losses, interest rates and the cost of living are main issues of concern. However housing prices are the key issue.”

Speaking of the future of the Irish economy, Mr. Power said, “Consumer spending is likely to ease due to interest rates, debt and more caution.” He advised that “the export sector will be challenged by exchange rates and cost competitiveness, but helped by solid markets.”

Addressing the issue of housing in Tipperary Mr. Power commented on the switch in house completions in South Tipperary versus North Tipperary. “Up until 2004, North Tipperary was ahead of its counterpart in terms of housing completions. In 2006 there was a turnaround with South Tipperary coming out ahead for the first time in years. This is a very positive sign for South Tipperary.”

“With the potential for a university status in Waterford and with further developments in infrastructure, Tipperary as a whole will benefit greatly over the coming years.”

Frances O’Hanlon commented, “It has been suggested that we have temporarily entered into, what some may deem ‘challenging financial times’. We feel this is even more reason for people to keep a close eye on their financial health. As Independent Advisors we are ready to offer people the best of what’s available and assist others with whatever turbulence that may be or not be ahead. “

For further information contact Frances, Catherine, or Biddy on 052 61 29487.