Newsletter - Issue 61

Newsletter - Issue 61 https://lyonsfinancial.newsweaver.com/newsletter/ en-us 22 Aug 2023 03:25:01 IST 22 Aug 2023 03:25:01 IST https://lyonsfinancial.newsweaver.com/newsletter/rss.xml Newsweaver LFSInsights@lfs.ie (Lyons Financial Services) support@newsweaver.ie (Newsweaver) 60 true Empowering Your Wellbeing: Irish Life Healthcare Plans https://lyonsfinancial.newsweaver.com/newsletter/cybsys856fu?lang=en?rss=true Your wellbeing is our priority at Lyons Financial Services, and we're excited to share the exceptional benefits that come with Irish Life Healthcare Plans. With a comprehensive range of offerings, we're here to help you lead a healthier and happier life. 21 Aug 2023 12:00:00 IST 817836386607bf8a5b3dab1d8f5269d9 ARTICLE_1_COLUMN-clone-4138404-20230517-094140 Your wellbeing is our priority at Lyons Financial Services, and we're excited to share the exceptional benefits that come with Irish Life Healthcare Plans. With a comprehensive range of offerings, we're here to help you lead a healthier and happier life. Your wellbeing is our priority at Lyons Financial Services, and we're excited to share the exceptional benefits that come with Irish Life Healthcare Plans. With a comprehensive range of offerings, we're here to help you lead a healthier and happier life.         <img src="http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/04/2be42e9bf4aede92da0c8d.jpg" style="margin: 0px;" width="546" height="287" hspace="0" vspace="0" alt="">       COPD Programme - Convenient, Personalised Care: The COPD Programme ensures that you can manage your condition more effectively at home . Monitoring your condition more frequently means less visits to your GP or Doctors office.   Digital Doctor - Expert Care at Your Fingertips: With the Digital Doctor feature, expert medical advice is just a click away. Consult with qualified doctors remotely, saving you time and providing peace of mind, all through the convenience of a virtual consultation.   Female Health Consultation - Tailored Women's Health: Irish Life Healthcare Plans offer specialised female health consultations, addressing the unique needs of women. From reproductive health to menopause, you have access to expert guidance and care.   Health in the Home - Bringing Care to You: Health in the Home ensures that healthcare comes to your doorstep. Receive medical care, nursing support, and more from the comfort of your home, ensuring your wellbeing without the need to travel.   Healthy Minds Counselling - Prioritising Mental Health: Mental health matters, and Irish Life Healthcare Plans understand this. Access the Healthy Minds Counselling service for expert mental health support, providing you with the tools to navigate life's challenges.   Maternity Benefits - Comprehensive Maternal Care: Expecting a child? Maternity Benefits under Irish Life Healthcare Plans offer comprehensive support, covering prenatal care, hospital stays, and postnatal assistance for a smooth and worry-free journey.   Minor Injury Clinic - Swift Care for Minor Injuries: Accidents happen, and when they do, the Minor Injury Clinic has you covered. Get swift care for minor injuries without the wait, ensuring you get back to your routine sooner.   Other Benefits Include:  Laser Eye Surgery Discount - Clearer Vision, Exclusive Savings: For those considering laser eye surgery, Irish Life Healthcare Plans offer exclusive discounts, helping you achieve clearer vision while saving on costs.   Health Screening - Early Detection, Greater Wellbeing: Prevention is key, and health screening helps detect potential health concerns early. Irish Life Healthcare Plans offer access to health screening services, ensuring you stay ahead of any potential issues.   U Mamma Discounts - Enhancing Your Pregnancy Journey: U Mamma treatments are expertly designed to take your changing body through a truly unique experience. These include: Acupuncture, Facials, Fertility, Full Body Treatments, Holistic Therapies, Prenatal Massage, Postnatal Massage, Reflexology and many more.    We invite you to explore the wealth of benefits of Irish Life Healthcare Plans. For detailed information on each benefit, get in touch on 01 801 5808 today.   Our team at Lyons Financial Services is here to assist you in tailoring a healthcare plan that aligns with your needs. Your wellbeing is our commitment, and we're excited to support you on your path to a healthier and happier life.   Wishing you health, and happiness!   <a style="color: rgb(0, 0, 0);" href="https://lyonsfinancial.newsweaver.com/newsletter/quh898k05r7/external" rel="noreferrer noopener"><img src="http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/a1/bdc046f21c7a6439f7fc7c.png" style="margin: 0px;" width="200" height="80" hspace="0" vspace="0" alt=""></a>     http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/e3/9fca7f165fad9067122251.png DON’T MISS OUT ON SAVING THOUSANDS ON YOUR MORTGAGE! https://lyonsfinancial.newsweaver.com/newsletter/r3st4h6ebab?lang=en?rss=true Are you among the many Irish homeowners who haven’t explored the potential of mortgage switching? Despite the tremendous savings, a staggering number of people in Ireland never switch their mortgage – less than 3% of mortgages were switched in the first six months of 2019, according to the Central Bank of Ireland. [ https://lyonsfinancial.newsweaver.com/newsletter/smd010ozykg/external ] 22 Aug 2023 12:00:00 IST a8873fccb67d11da744b9228b1982bcf ARTICLE_1_COLUMN-clone-4138404-20230517-095401 Are you among the many Irish homeowners who haven’t explored the potential of mortgage switching? Despite the tremendous savings, a staggering number of people in Ireland never switch their mortgage – less than 3% of mortgages were switched in the first six months of 2019, according to the <a style="box-sizing: border-box; background-color: rgb(255, 255, 255); cursor: pointer; color: rgb(0, 0, 0); text-underline-offset: 3px; max-width: var(--global--spacing-measure); box-shadow: none; font-weight: var( --e-global-typography-text-font-weight ); text-align: left; white-space: normal;" href="https://lyonsfinancial.newsweaver.com/newsletter/smd010ozykg/external" target="_blank" rel="noopener">Central Bank of Ireland. </a> Are you among the many Irish homeowners who haven’t explored the potential of mortgage switching? Despite the tremendous savings, a staggering number of people in Ireland never switch their mortgage – less than 3% of mortgages were switched in the first six months of 2019, according to the <a style="box-sizing: border-box; background-color: rgb(255, 255, 255); cursor: pointer; color: rgb(0, 0, 0); text-underline-offset: 3px; max-width: var(--global--spacing-measure); box-shadow: none; font-weight: var( --e-global-typography-text-font-weight ); text-align: left; white-space: normal;" href="https://lyonsfinancial.newsweaver.com/newsletter/smd010ozykg/external" target="_blank" rel="noopener">Central Bank of Ireland. </a>   <p style="box-sizing: border-box; padding: 0px; margin: 0px 0px 20px; line-height: var(--wp--typography--line-height,var(--global--line-height-body)); max-width: var(--global--spacing-measure); color: rgb(65, 65, 67); font-family: poppins, sans-serif; font-size: 16px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);">Why do people hesitate to switch? <ol> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Lack of Awareness: Many homeowners don’t realise how much money they could save by switching their mortgage.</li> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Difficulty Comparing Mortgages: Comparing mortgage options can be challenging, leading to uncertainty and indecision.</li> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Perception of Complexity: The belief that the switching process is too long and complicated can deter potential savers.</li> </ol> <div style="box-sizing: border-box; max-width: none; color: rgb(122, 122, 122); font-family: Roboto, sans-serif; font-size: 20px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);">At Lyons Financial Services, we understand that every homeowner’s situation is unique. Our personalised approach ensures that your mortgage switch aligns perfectly with your financial aspirations. Reach out to our Qualified Advisors today and let’s work together to unlock your saving potential.</div> <div style="box-sizing: border-box; max-width: none; color: rgb(122, 122, 122); font-family: Roboto, sans-serif; font-size: 20px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);"> </div> <p style="box-sizing: border-box; padding: 0px; margin: 0px 0px 20px; line-height: var(--wp--typography--line-height,var(--global--line-height-body)); max-width: var(--global--spacing-measure); color: rgb(65, 65, 67); font-family: poppins, sans-serif; font-size: 16px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);">Save Thousands with LFS in 4 Simple Steps <ol> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Evaluate Your Current Mortgage: We will begin the switching process by assessing your current mortgage terms, outstanding balance, and remaining loan term. Our dedicated advisors will then conduct a thorough evaluation to identify potential savings opportunities.</li> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Explore Tailored Solutions: As independent Financial Advisors, we have access to an extensive network of lenders and mortgage options tailored to your needs. We’ll help you find the best solution to suit your financial goals and objectives.</li> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Calculate Potential Savings: Our expert team will crunch the numbers and show you precisely how much you could save by switching your mortgage. Prepare to be pleasantly surprised by the possibilities!</li> <li style="font-size: 13px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0);">Navigate the Switch Process: Once you’ve chosen the optimal option for your situation, we’ll guide you through the mortgage switch process seamlessly. Our experienced team will handle all the paperwork, ensuring a hassle-free experience.</li> </ol> <p style="box-sizing: border-box; padding: 0px; margin: 0px 0px 20px; line-height: var(--wp--typography--line-height, var(--global--line-height-body)); max-width: var(--global--spacing-measure); color: rgb(65, 65, 67); font-family: Poppins, sans-serif; font-size: 16px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);">Factors to Consider Before Switching <ol> <li style="font-size: 13px; color: rgb(0, 0, 0);">Understanding Your Loan-to-Value (LTV) Ratio: Your LTV ratio is a crucial factor lenders consider when you apply for a mortgage. It represents how much you owe on your mortgage relative to the current value of your home. To get an accurate LTV, you need an up-to-date valuation of your property. </li> <li style="font-size: 13px; color: rgb(0, 0, 0);">Outstanding Balance and Minimum Loan Amounts: If your outstanding mortgage balance is relatively low, you might face challenges when switching. Some lenders have minimum loan amount requirements, so we help you to navigate this aspect and find lenders who are flexible and accommodating.</li> <li style="font-size: 13px; color: rgb(0, 0, 0);">Overcoming Negative Equity: Being in negative equity, where you owe more on your mortgage than your property's current value, can be a roadblock when seeking a mortgage switch. However, our team is well-versed in handling such situations. We'll explore viable options and work diligently to find the right solution for your unique circumstances.</li> <li style="font-size: 13px; color: rgb(0, 0, 0);">Considering Mortgage Terms: Different lenders may have minimum or maximum loan term restrictions when it comes to mortgage switching. Our dedicated advisors will thoroughly assess your needs and match you with lenders offering terms that align with your financial plans. Whether you're seeking a shorter or longer mortgage term, we have you covered.</li> <li style="font-size: 13px; color: rgb(0, 0, 0);">Repayment History and Credit Check: Lenders pay close attention to your repayment history and credit score during the mortgage application process. Our experienced team will conduct a comprehensive assessment of your financial obligations and credit history, ensuring you have the best chance of approval for a mortgage switch.</li> <li style="font-size: 13px; color: rgb(0, 0, 0);">Handling Fixed-Term Challenges: If you are currently on a fixed-rate mortgage and considering a switch, you might face charges for leaving your fixed term early. Our advisors will conduct a thorough cost-benefit analysis, weighing the redemption charge against potential savings from switching. Alternatively, we can help you plan for a strategic switch once your fixed term is nearing completion.</li> </ol> <p style="box-sizing: border-box; padding: 0px; margin: 0px 0px 20px; line-height: var(--wp--typography--line-height, var(--global--line-height-body)); max-width: var(--global--spacing-measure); color: rgb(65, 65, 67); font-family: Poppins, sans-serif; font-size: 16px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);">Call us at 01 801 5808 or email us at query@LFS.ie to schedule your free mortgage review with Lyons Financial Services. Let's pave the way to a brighter financial future!  <p style="box-sizing: border-box; padding: 0px; margin: 0px 0px 20px; line-height: var(--wp--typography--line-height, var(--global--line-height-body)); max-width: var(--global--spacing-measure); color: rgb(65, 65, 67); font-family: Poppins, sans-serif; font-size: 16px; text-align: left; white-space: normal; background-color: rgb(255, 255, 255);">Disclaimer: This article provides general information. Specific savings and results may vary based on individual circumstances. Please consult our qualified advisors for personalised advice. <p style="box-sizing: border-box; padding: 0px; margin: 0px 0px 20px; line-height: var(--wp--typography--line-height, var(--global--line-height-body)); max-width: var(--global--spacing-measure); color: rgb(65, 65, 67); font-family: Poppins, sans-serif; font-size: 16px; text-align: center; white-space: normal; background-color: rgb(255, 255, 255);"><a href="https://lyonsfinancial.newsweaver.com/newsletter/1kxd35pjblg/external" rel="noreferrer noopener"><img src="http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/a3/7fce8db6066f69bcc1c5a8.png" style="margin: 0px;" width="200" height="80" hspace="0" vspace="0" alt=""></a> http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/a6/ccd22c3c4182b5355772a4.jpg http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/5e/23c67898d61e88c3797935.jpg Last Minute AVC – Is it for me? https://lyonsfinancial.newsweaver.com/newsletter/183bhirh53o?lang=en?rss=true Many people ask this question, especially those approaching retirement, have a shortage in service OR indeed a surplus in service (and are over Normal Retirement Date). In these cases, the answer is YES: a Last Minute AVC is suitable. Opting for a Last Minute AVC offers benefits such as a tax refund at your highest tax rate and zero risk to your funds. The entire process typically takes about 3 months to complete. If you're intrigued to learn more, read on. 22 Aug 2023 12:00:00 IST ce4d64b9a267a78e3b0f84c7ab7125d6 ARTICLE_1_COLUMN-clone-4138404-20230517-113846 Many people ask this question, especially those approaching retirement, have a shortage in service OR indeed a surplus in service (and are over Normal Retirement Date). In these cases, the answer is YES: a Last Minute AVC is suitable.   Opting for a Last Minute AVC offers benefits such as a tax refund at your highest tax rate and zero risk to your funds. The entire process typically takes about 3 months to complete. If you're intrigued to learn more, read on.   Consider someone earning €40,000 annually, a pre-‘95 civil servant with less than 40 years of service, and planning to retire soon, they should consider a Last-Minute AVC. If you have a service shortfall of 5 years, you could potentially qualify for €7,500, resulting in a tax refund of €3,000 from Revenue.   The primary purpose of choosing a Last Minute AVC is to claim a tax refund from Revenue for taxes already paid in the year of retirement (including the prior year). Given that your service won't be complete on your retirement date, you won't receive a full tax-free lump sum from your Employers Superannuation Scheme. To bridge this gap, Revenue permits the use of the last minute AVC.   This option is also suitable if you have a surplus in service, ie.over 40 years and have passed your Normal Retirement Date.   The most important action is to put the AVC in place before your actual date of retirement. Remember, administration takes some time so you must do this whilst still in employment.   Anyone looking to know more, should contact our Pensions Dept on <a href="mailto:AVC@LFS.ie">AVC@LFS.ie</a> (PH. 01 8015808) http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/33/dc6a8ae715ac7883a8a29b.jpg http://lyonsfinancial.newsweaver.com/v3files/shard2/53745/33/dc6a8ae715ac7883a8a29b.jpg