PENSION - a non technical comment

Are you confused about the gobblygook language used when pensions are talked about ? I am and I'm an accountant.

If you are trying to get pension numbers into your head then the following is a good starting point.

1. What age do I expect to start drawing down my pension - SAY 60

2. How much pension income would I like - SAY €50,000

3. What age am I now - SAY 30

Okay lets do the sums.

1. To get €50,000 per annum you would need a capital sum of €1,000,000 (assuming 5% return)

2. You have 30 years to get a capital sum of €1,000,000 - thats €2,750 per month you need to be putting by.

This now gives you a base to have a conversation with some experts on pension planning - but you have the simple sums in your head to come back to.

I am happy to sit down with anyone to talk further about this.

email me : john@crawleyandporter.com

Call me : + 353 1 2110780

Understanding CASHFLOW

Hello


I am currently putting together a CASHFLOW CLINIC for SMEs. Hopefully this will be ready for September 2009.






This will have practical application for SMEs as it will help participants focus on the key numbers in the participants own business (rather than using the "ABC widget company" typical training course material).





Do you know that in spite of accounting and finance complexity there are only 3 things to look at in managing your business's finances:

CASH IN

• Sales
• Credit control/ debtor management

CASH OUT

• Purchases and expenses
• Getting credit terms
• Cost reviews
• Stock and working capital management

CASH DIFFERENCE

• Working out the net cash future movements
• What type of banking facilities best suit your business
• How best negotiate with your bankers

I can assist your business with the above and help you work through the current economic turmoil.







Call me on + 353 1 2110780 or email john@crawleyandporter.com

Time to put your finances in order

I am seeing an increasing demand from Irish and UK people to examine how they have financed overseas investments.

Historically most investors financed overseas investments by an EQUITY RELEASE on their family home. This made sense at the time - there was an abundance of postive equity and it was relatively straightforward to do.

However this has changed. The equity has reduced and homeowners are more concerned about having more debt on the family home than is absolutely necessary.

Where available moving loans that are financing overseas assets to the country where the asset is located makes sound financial planning sense.

Currently I can arrange such refinance loans for FRANCE and TURKEY with ITALY about to come.

The process is fairly straightforward. I can give you an indication of your borrowing capacity overseas if you provide me with some basic numbers as follows:

1. Your current annual GROSS income (what was on your 2008 P.60)

2. Your current MONTHLY loan outgoings on all loans (property, car, investments)

Email these to me and I will send you back an initial report on your borrowing capacity. EMAIL

John Crawley