Retirement – at retirement, your income ends or reduces significantly. Protect your income with a Retirement Plan
Illness – an illness may stop your income or reduce it and/or the cost of your illness may eat into your income. Protect your income with Income Protection Insurance and/or Specified Illness Insurance
Death – If your income contributes to the household then it needs to be protected with Life Cover. If your business would suffer financially due to your death, then your business needs to be protected with Life Cover.
Do Not get RID of your Income – Protect it
Budgeting for savings made easier with this budget calculator provided by Zurich Life
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If you earn an average of €65,000 per annum over 40 years, then you will earn a total of €2,600,000.
You will pay 20% or 40% of this in tax. At current rates = €520,000 or €1,040,000 over 40 years.
Don’t let this money slip through your hands, fund your life plans, keep some for yourself in later life.
This can also get you some tax back by way of approved retirement plans.
Warning: If you invest in these products, you may lose some or all of the money you invest
Warning: The value of your investment may go down as well as up
Warning: Returns may be affected by changes in currency exchange rates