Start Saving for Your Children’s Future & get a €100 kickstart

Daniel Hardiman

Start Saving for Your Children’s Future & get a €100 kickstart

We all want to give our children the best possible start in life and a good education is a top priority. However, this can be a lot more costly than you might realise.

The cost of putting one child through University can easily run into tens of thousand of euro. If you have two or more children you are going to have to dig even deeper to keep the education roadshow up and running.

Starting now and contributing to a Savings Plan can help ensure your child’s future education. Hardiman Life & Pensions can talk you through all the options and select the investment strategy that meets your future needs. For all savings accounts that start before the 31 March 2017, you will be given an extra €100 once-off contribution.

The table below illustrates just how much a regular savings plan can grow over time:

Savings Funds After 5 Years Saving Fund after 12 Years Savings Fund after 18 years
Regular contribution of €140 per month €9,158 €25,032 €42,012
Lump sum contribution of €10,000 plus regular contributions of €140 per month €19,583 €36,695 €54,577

A gross investment return of 3.3% per annum is assumed. On encashment, partial assignment, death or on each 8th anniversary of the policy, tax is deducted on gains made. The figures shown allow for the deduction of tax (currently 41%). Contribution increases of 2.5% per annum are assumed.

An annual management charge of 1.25% and an allocation rate of 101% apply. A 1% government levy applies on all contributions but may change in the future.

The minimum premium is €100 per month and terms and conditions apply.

To avail of this offer quote “Zurich €100 free contribution” by calling 093 70007, 087 77662657 or emailing info@hardimans.ie.

ADD A COMMENT