Fees/Remuneration

**See Note 2 and 3

**See Note 2 and 3

Notes to Above Schedule

1. All the prices are exclusive of VAT @ 23%.
2. Work done for the initial representations includes preparation of initial analysis and presentation of best case scenario to the creditor. Any work done after this will be charged at our Time Based fees.
3. If the Debt Restructure is unsuccessful with the Creditors, there is no refund in fees charged.
4. The Annual Fee is based on the value of the fund under management. In some instances we may receive a Trail Fee from the product provider. These usually range between 0.25% and 0.50% per annum and will be offset against your annual fee.
5. Please note that there is a minimum fee of €500 attached for this process which will be exercised to cover our costs in the event of non-completion by the client or non-approval by the Revenue Commissioners.

TIME BASED FEES

Time spent in monitored and correlated on a weekly basis and recorded on a time management system.  The hourly rates charged are dependent on the complexity and urgency of the work and the seniority and expertise of the persons carrying out the work.  The typical hourly rates are illustrated below:

OVERRIDE PAYMENTS

Transparency has been and will continue to be one of the most important aspects of our business.  It is important therefore that clients are aware of a further remuneration system used by product providers.  This arrangement, known as an override payment, is negotiated with each insurer and paid from their profit margin.  Therefore,   it does not interfere with or effect the terms and conditions of the contract being implemented.

FINALLY

This Fee Schedule reflects the charging structure of Dempsey Financial Solutions at this moment in time.  At any stage we reserve the right to alter our charging structure as we see fit.  It is the common practice of Dempsey Financial Solutions to issue each of our clients with an updated Fee Schedule when alterations are made.