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Life Cover: for your Inheritance Tax Planning
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What Our Customers Say

Jan Van Leeuwen, Director with IQ Digital Signage Ltd. Life Goals have provided us with excellent advice and service. I would recommend them unconditionally

Billy Griffin, Director - Artisan Image Solutions Ltd. Life Goals have worked extremely hard to organise a pension backed mortgage for me and secured finance that I don't believe I would have secured elsewhere. They are trustworthy, honest and of the highest integrity. I would highly recommend Life Goals to any prospective client. October, 2009

Volker Lorenz, General Manager, Amadeus Ireland Life Goals have been advising Amadeus Ireland in terms of pension fund management, as well as with staff benefits. I would highly recommend their services to anyone seeking financial advice, both professionally and privately.

Ian Kelly National Sales Manager at John Guest Speed Fit "I am very happy with Lifegoals after meeting with them I certainly feel better and I have a healthier idea of how to plan for the future" September 2011 September 2011

Noel King MD - ECO Seal Insulation Ltd

"I would recommend Lifegoals to any of my friends. After evaluating my current status I maintained my benefits and at the same time gained significant savings."

October 2011

Paul Kearney - Managing Director PK Printing Ltd

"I have been dealing with Life Goals for the last 7 years. In that time I have found their expertise to be hugely beneficial from a tax saving point of view and protecting and maximizing investment returns. I would have no problem recommending them in the future" November 2011

Noel Lynn MD - Wired Technologies Ltd

"I have found Lifegoals professional, friendly and give a great service. I have recommended Lifegoals to anyone who needs their services. It cost me nothing and I gained from meeting with them." November 2011

Martin Stowe, Kilkenny

We have dealt with our Consultant from Life Goals for many years and, throughout that time, his service and assistance has been outstanding in every respect.

When I wanted to purchase Life & Serious Illness Cover, we received excellent advice and every question and concern we had was answered thoroughly. Every detail was explained in a way which we could clearly understand.

When I unexpectedly needed to avail of the Serious Illness benefit 12 months ago, the turnaround time from claim to payment was incredibly swift due to the daily involvement of our Consultant.

Having such a policy in place was of great benefit in my recovery.

I would definitely recommend Life Goals to my family & friends. Their Consultants are personable, understanding and hardworking.

Our Consultant handled this very stressful situation with skill and an incredibly astute sense of the issues. October 2011

Ger O Byrne, Product Manager, An Post

We have dealt with Life Goals for a number of years and during that time have received advice on a multitude of Pension & Investment options. In that time, we have always received good solid advice.

We have full confidence in our Consultant's opinion and product knowledge whenever we are looking for Life Assurance or Investment advice.

If we are interested in specific products, our Consultant researches many options and provide a detailed comparison of each, explaining the pros & cons.

He meets us at our convenience and we prefer the personal touch rather than dealing directly with larger companies.

I would highly recommend the services & advice provided by Life Goals.

“In this world nothing can be said to be certain, except death and taxes." Benjamin Franklin

This famous quote includes the fact that the Revenue Commissioners will demand that Inheritance Tax is paid promptly

Inheritance Planning & the Rationale

A business and / or accumulated wealth and assets needs a smooth paid transfer of wealth

Whole of Life Cover Insurance can be used to pay Inheritance Tax promptly.

Avoids the need for a loan or taking /selling assets from the estate

The example below describes how Section 72 CAT Planning can be used to pay Inheritance Tax

Inheritance Tax Scenario Calculation

Planned inheritance of €2,000,000

Father to Son

Inheritance €2,000,0000

Tax Free Threshold €332,084

Balance liable to Tax €1,667,916 @ 25%

Equals Inheritance Tax Liability of €417,000.

Tax Payment ~ Life Cover & Section 72

Father aged 55:

Pays €700 premium per month Whole of Life Cover

The sum insured for life cover is €417,000

The tax payable on death is €417,000

The planned inheritance happens after 20 years

Cost of Whole of Life Cover is €172,800

This equals saving of €242,000

&
Inheritance Tax Paid in Advance

Whole of Life Cover is also suitable for other

situations when Life cover is required.

Inheritance Tax Scenario - Points of Note

Saving €700 per month for 20 years would not pay the tax

The tax free threshold from parent to son/daughter is the highest

if relative or friend in this scenario; tax is much higher

The CAT liability of €417,000 to be paid within four months

Section 72 Whole of Life Cover cost is over twenty years

Inheritance Tax..some general guidelines

A spouse can inherit tax free

Sons, daughters, relatives, friends may pay tax

Certain Tax Reliefs are available

Tax Reliefs + Whole of Life = Estate Management

Making a Valid Will is important

For Help, Information & Service on Inheritance Tax

please don't hesitate to; Contact Us

Before you make up your Mind

We can help you make it Right

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Your Life Cover & Protection Planning

Your Pensions & Retirement Planning

Your Savings & Investments

Your Business Cover
& Employee Risk Benefits

Life Cover: for your Inheritance Tax Planning
Get A Quote >>>

What Our Customers Say

“In this world nothing can be said to be certain, except death and taxes." Benjamin Franklin

This famous quote includes the fact that the Revenue Commissioners will demand that Inheritance Tax is paid promptly

A business and / or accumulated wealth and assets needs a smooth paid transfer of wealth

Whole of Life Cover Insurance can be used to pay Inheritance Tax promptly.

Avoids the need for a loan or taking /selling assets from the estate

The example below describes how Section 72 CAT Planning can be used to pay Inheritance Tax

Father to Son

Inheritance €2,000,0000

Tax Free Threshold €332,084

Balance liable to Tax €1,667,916 @ 25%

Pays €700 premium per month Whole of Life Cover

The sum insured for life cover is €417,000

The tax payable on death is €417,000

The planned inheritance happens after 20 years

Saving €700 per month for 20 years would not pay the tax

The tax free threshold from parent to son/daughter is the highest

if relative or friend in this scenario; tax is much higher

The CAT liability of €417,000 to be paid within four months

Section 72 Whole of Life Cover cost is over twenty years

A spouse can inherit tax free

Sons, daughters, relatives, friends may pay tax

Certain Tax Reliefs are available

Tax Reliefs + Whole of Life = Estate Management

Making a Valid Will is important

Our Business Partners

Avail of Our Special Offers & Promotions >>>

Your Life Cover & Protection Planning

Your Pensions & Retirement Planning

Your Savings & Investments

Your Business Cover & Employee Risk Benefits

Life Cover: for your Inheritance Tax Planning Get A Quote >>>

What Our Customers Say

“In this world nothing can be said to be certain, except death and taxes." Benjamin Franklin

This famous quote includes the fact that the Revenue Commissioners will demand that Inheritance Tax is paid promptly

A business and / or accumulated wealth and assets needs a smooth paid transfer of wealth

Whole of Life Cover Insurance can be used to pay Inheritance Tax promptly.

Avoids the need for a loan or taking /selling assets from the estate

The example below describes how Section 72 CAT Planning can be used to pay Inheritance Tax

Father to Son

Inheritance €2,000,0000

Tax Free Threshold €332,084

Balance liable to Tax €1,667,916 @ 25%

Pays €700 premium per month Whole of Life Cover

The sum insured for life cover is €417,000

The tax payable on death is €417,000

The planned inheritance happens after 20 years

Saving €700 per month for 20 years would not pay the tax

The tax free threshold from parent to son/daughter is the highest

if relative or friend in this scenario; tax is much higher

The CAT liability of €417,000 to be paid within four months

Section 72 Whole of Life Cover cost is over twenty years

A spouse can inherit tax free

Sons, daughters, relatives, friends may pay tax

Certain Tax Reliefs are available

Tax Reliefs + Whole of Life = Estate Management

Making a Valid Will is important

Our Business Partners

Your Business Cover
& Employee Risk Benefits

Life Cover: for your Inheritance Tax Planning
Get A Quote >>>