Cornmarket is delighted to offer its Financial Planning Service to all Public Sector employees, on a complimentary basis.
In 2017, over 10,876 Public Sector employees availed of the Financial Planning Service and 94.62% of respondents said the service was excellent or very good*.
The service is designed to ensure that you are financially prepared for the future, and to help you assess any potential savings which you could start making now.
Your Cornmarket consultant will:
1) Assess if you are on the correct point of the salary scale and if you are due any tax back.
Did you know that 82% of PAYE employees overpay taxes?** We will help to ensure that you are claiming all entitlements available to you and not overpaying tax.
2) Explain what your pension entitlements will be and how to plan for your ideal retirement:
The future of pensions and the best way for you to save for your retirement
Help in setting your goals for the type of retirement you want
The increase in the State Pension age to 67 in 2021 and 68 in 2028 (this affects anyone who joined the Public Sector after 1995 who is paying ‘A’ PRSI)
Your options if you wish to retire early.
3) Explain the changes to Public Sector sick leave arrangements and show you how you can protect your salary:
Reduction of paid sick leave to 3 months full pay & 3 months half pay
Reduction of uncertified sick leave
How salary protection works and can protect your salary.
4) Show you some other key areas in which you could make potential savings:
|Life Insurance Review||this will ensure that you have the most appropriate cover in place, at the best rate in the market|
|Savings||we will help you to maximise your savings e.g. educational saving, house deposit, new car etc.|
|Health Insurance ||we compare VHI Healthcare, Irish Life Health and to ensure that you’re getting the best deal possible|
|Home & Car Insurance|
we will provide you with details of the special group deals that we have negotiated exclusively for Public Sector employees
*Source: Cornmarket, March 2018 (2,343 out of 2,476 questionnaires completed).
**Source: Cornmarket Tax Return Service PAYE Customer Statistics 2018. Cornmarket Tax Return Service is not a regulated financial product.
Cornmarket retail Trading Ltd. is a wholly-owned subsidiary of Cornmarket Group Financial Services Ltd.