What We Do
Dempsey Financial Planinig
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ABOUT COMPANY
Welcome To Dempsey Financial Solutions
Dempsey Financial Solutions does lifestyle Cash flow planning. Its something that’s fairly new to Ireland but it has been the method of choice in Financial Planning in the USA, Australia and Canada for many years now and in the last three years has grown substantially in the UK and Ireland.
You work with one of our team to plan out your financial goals using our bespoke software programme which will compute your tax both income and Inheritance tax, and more importantly give you a real Net Worth figure. Once we have input your data we can have a much more interesting chat about the “What if�? scenarios in your life.
It’s a really easy tool to work with as it gives you a high level colour coded picture of your financial life now and can easily show you what you need to do to bridge the gap between where you are now and where you need to be in 10-15 years’ time.
Although it’s a helicopter view of your financial life we can dive down into any level of detail you wish in the plan without losing our focus on the overall objective…Financial Freedom.
It starts with a conversation with Padraic Dempsey with no charge and no commitment, and continues as a relationship requiring commitment from both sides.
We will help you to come up with your own flexible financial plan that you can share with your accountant and together we can look at the various “what if�? scenarios in your life and avoid any nasty surprises in your financial future.
WHAT WE DO
Finance Insights
Financial Planning
We all have financial advisors in our lives, be it family, accountant, broker or banker and they all have expertise in their own areas of savings, lending and investing. What we do is join up all the dots from how you earn your money, how and when you pay your tax and finally giving you a low cost structure to allow you choose investments without losing the gains in charges.
Impartial Advice
We are independent and impartial advisors. We are not affiliated to any bank or Life company and that is why you can trust us to give you the best impartial advice.
Commitment
We are in this for the long-haul with our clients. Life is all about change and nothing is surer than the plan we make today will need updating in a year’s time.
We will help your adapt your plan as and when the need arises without it making it into a drama.
Pricing
We charge a fee to complete the service. Our price structure is listed in our Terms and Conditions. We have in the past saved clients an average of ten times more the then financial plan fee that we charge.
5 Steps to create your plan
Step 1
To ensure that the money you are currently spending on financial products is being spent in the most cost and tax-efficient manner possible. For example:
- Are you collecting all the tax allowances available to you?
- Is your debt structured in the most tax effective way?
- Are you carrying debt you shouldn’t be carrying?
- Are you paying too much for your debt or life assurance?
- Are the charges in your savings and investments plans too high?
Step 2
You may not know what your lifestyle income is, i.e. the money you spend on your current lifestyle, not your future lifestyle. In this step we identify your lifestyle income and the unencumbered assets that will be require to fund that income into the future.
Step 3
The identification of the shortfall (if applicable) between the assets values required for your Financial Independence (as outlined in Step 2) and the future value of the assets that you already own. We then identify the most suitable and tax-efficient methods to close the gap.
Step 4
Identify the actions requires to protect your plan against the possible threats that could be presented by accident, serious ill health or death.
Step 5
A regular review of your Financial Independence report should be ongoing to ensure that you remain on course throughout your journey.
5 Steps to create your plan
Step 1
To ensure that the money you are currently spending on financial products is being spent in the most cost and tax-efficient manner possible. For example:
- Are you collecting all the tax allowances available to you?
- Is your debt structured in the most tax effective way?
- Are you carrying debt you shouldn’t be carrying?
- Are you paying too much for your debt or life assurance?
- Are the charges in your savings and investments plans too high?
Step 2
You may not know what your lifestyle income is, i.e. the money you spend on your current lifestyle, not your future lifestyle. In this step we identify your lifestyle income and the unencumbered assets that will be require to fund that income into the future.
Step 3
The identification of the shortfall (if applicable) between the assets values required for your Financial Independence (as outlined in Step 2) and the future value of the assets that you already own. We then identify the most suitable and tax-efficient methods to close the gap.
Step 4
Identify the actions requires to protect your plan against the possible threats that could be presented by accident, serious ill health or death.
Step 5
A regular review of your Financial Independence report should be ongoing to ensure that you remain on course throughout your journey.
WHAT WE DO
Other Services
Many of our clients have legacy debt issues from the Celtic Tiger era, these need to be resolved as part of their journey towards financial independence. Dempsey Financial Solutions are authorised by the Central Bank to broker debt management solutions with the banks on behalf of our clients.
Dempsey Financial Solutions have had notable success with the banks in this area in the last two years with both NAMA and the banks agreeing restructures or debt forgiveness
WHY CHOOSE US
WHAT WE DO
Count on our expertise for your success.
New Concept to Ireland
Bespoke software
Decades of financial experience
Personal 1-1 service
We will save you money
We will protect your money
*17
Years of Experience
*574
Happy Clients
*652
Victories Achieved
WHAT WE DO
Professional Main Services
Financial Planning For Life