Cornmarket Presentation Cornmarket Group Financial Services Ltd. is - - PowerPoint PPT Presentation
Cornmarket Presentation Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. Friends First Life Assurance Company Ltd. is regulated by the Central Bank of Ireland. Telephone calls may be recorded for quality
Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. Friends First Life Assurance Company Ltd. is regulated by the Central Bank of Ireland. Telephone calls may be recorded for quality control and training purposes.
In a recent survey, 95%
we were extremely/quite helpful & knowledgeable*
*Source: feedback collated from 1,347 online surveys completed by Cornmarket customers in 2014.
age 65 or the date that you retire, if earlier (separate to any Life Cover under the UL Pension Scheme).
salary (0.32% of net salary based on a member paying tax at the 40% rate).
guaranteed for the next 5 years (until 1st May 2020).
beneficial than ever before with new enhancements.
IMPORTANT: You must remain an employee of UL to remain an eligible member of the UL Group Life Plan. If you leave employment with UL you must inform Cornmarket in writing, as you can no longer stay in the Plan and you will not be able to claim from it.
0.53% of gross salary (0.32% of net salary based on a member paying tax at the 40% rate).
82% of PAYE workers overpaid in tax last year
Source: Midas PAYE customer statistics, 2014. Midas is a tax based service and not a regulated financial product. Cornmarket Retail Trading Ltd. is a wholly-
Why Public Sector Employees Overpay Tax
x Not sharing credits and cut-off points in a tax efficient manner x Not claiming the appropriate tax credits, reliefs, rate bands, etc x Not availing of all allowances & entitlements x Tax Credit Certificate details incorrect x Incorrect allocations accumulate year on year.
Repercussions Married Change Job Agency Work Income changes Birth of child Human error when calculating and deducting tax. Factors
It instructs your employer on the amount of Tax to deduct.
Personal Circumstances 2016 Single €33,800 @ 20% Balance @ 40% Lone Parent €37,800 @ 20% Balance @ 40% Married with one income €42,800 @ 20% Balance @ 40% Married with two incomes* €65,600 @ 20% Balance @ 40%
*transferrable between spouses, maximum of €42,800 with one spouse.
Relief at your marginal tax rate
Professor, Heads of Schools/Departments: €608 Lecturer on full hours: €518 Part-time lecturer (not on full hours): €279 Agreed between Revenue and your Union for expenses incurred directly related to the nature of your employment.
1. Make your medical insurance claim (www.hia.ie) Tax relief at source, unless paid by employer.
Keep the receipts for 6 years.
Example of allowable expenses
Taxpayer’s View Revenue’s View Monthly Rental Income €1,000 €1,000 Mortgage repayment / interest (€1,200) (€720)* Profit / (Loss) (€200) €280
* Assuming 80% of repayment is interest, restricted to 75% allowable.
Parents face enormous costs once children start in college education: College fees (rising) + Rent/accommodation + Living expenses… Etc.
Can all add up to approximately €800+ per month OR up to €10,000+ per child per annum!
Tailor-made plans to help ensure you have enough money to fund your children’s college education.
Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. Telephone calls may be recorded for quality control and training purposes.
Insurer – DON’T GET CAUGHT OUT!!
Total
0-3 months 3-6 months 6-9 months 9-12 Months 12-18 Months 18+ Months
435,116 154,975 95,335 61,894 48,828 30,702 21,073 Total
0-3 months 3-6 months 6-9 months 9-12 Months 12-18 Months 18+ Months
78,499 25,937 16,970 11,552 9,666 6,132 4,143
Inpatient/Day Case National by Group/Hospital as at 31/08/2016 Outpatient National by Group/Hospital as at 31/08/2016
Cannot be penalised for switching @ renewal
Scan & claim or
Overseas Cover Elective Treatments A&E Return Home Day to Day cover Online GP Overseas Cover Elective Treatments A&E Return Home Employee Assistance Programme
HP Access – Plan B (€1,945) PMI 36 13 (€1,248) Essential Plus Excess (€2,119) Simply Connect Plus (€1,169) Level 2 Hospital (€2,335) Health Plan 16.1 (€1,218)
Rates correct at 1st September 2016 - Source HIA
Best Plan (€1,903) Best Smart Plan (€1,162)
treatment
*Based on DeCare Dental research conducted in 2014
Level 1 Level 2 Level 3
Care & Prevention (No Wait Period) 100% 100%
100% 2 dental exams per year Your Dental x-rays 2 dental cleanings per year 1 emergency dental treatment worldwide per year
Minor/Major Treatment (No Wait Period) 40% 50%
70% Fillings, Extractions, Gum Disease Treat Crowns*, Root Canal, Bridges Implant Supported Crowns, Dentures
Orthodontics (18 month Wait Period) €0 €750
€1,000 Once off lifetime contribution. 8 to 18 years
* Annual maximum of €500 per year for crowns, inlays &
care through a healthy smiles approach
Annual Premium Insured only Insured & Partner Insured & Chilldren Insured & Family Level 3 €286.68 €504.96 €487.44 €791.64 Monthly DD Insured only Insured & Partner Insured & Children Insured & Family Level 3 €23.89 €42.08 €40.62 €65.97 Rates correct at 1st April 2016
Contact Details
Cornmarket General Insurance Client Numbers
Over 57,000 Clients Over 19,000 Clients Over 2,000 Clients
Build your Own
What Challenges do unions face?
Over 40,000 car & home calls handled monthly 80% of calls answered within 20 secs. 90% of quotes issued
via email 98% of certs issued within 2 days 25% of customers renew on-line
Special Offer: UL
€40 Discount available to all UL members who purchase a new motor insurance policy. 3 months free* offer on Allianz home insurance policies.
*Offer valid to 31st December 2016
20% off Annual Multi-trip* using code 20%OFFCM
*Offer valid to 31st December 2016
Please be advised that while Cornmarket has referenced websites in this presentations, we cannot be held responsible for the content of these websites. Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. Friends First Life Assurance Company Ltd. is regulated by the Central Bank of Ireland. Allianz plc is regulated by the Central Bank of Ireland. RSA Insurance Ireland Ltd is regulated by the Central Bank of Ireland. Telephone calls may be recorded for quality control and training purposes.