It is often said that well paid members of the public sector have “Rolls Royce” pensions. We often get asked by our private only medical consultants,

“How much do I need to put into a pension to at least receive the same pension as I would if I was on a B* or a C contract?”

Continue reading “Private Medical Consultants: Funding a private pension”

The following is a list of the contract types for HSE medical consultants:

• Type A. This is for medical consultants who work exclusively in the public system.
• Type B. This allows medical consultants to undertake private work in the same hospital as their public commitments.
• Type B*/C. The C contract is the newer version of the old B* contract and there are no geographic limitations on medical consultants undertaking private work in Ireland. 

Continue reading “HSE Medical Consultants : Changing Contract”

In a 2019 research paper entitled ‘How to increase the odds of owning the few stocks that drive returns‘, global asset manager Vanguard revealed a telling statistic. Between 1987 and 2017 just under half of the 3,000 largest stocks listed in the US delivered a negative return.

Continue reading “Picking stocks is harder than you think”

Asked to name their biggest asset, many people would instinctively reply that this is your home, or perhaps your business. In fact, your biggest asset is your ability to earn income month after month, year after year. We refer to this as “Human Capital”. Consider a 45-year-old earning €100,000 with a retirement age of 65, this would equate to €2 million in Human Capital, before any salary increases.

Continue reading “Protect your human capital”