Cornmarket Group Financial Services Ltd is regulated by

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.

Our History § Over 50 union endorsed Schemes § Customer feedback 2013 Out of 1, 203 Questionnaires returned: • 94% rated service as Excellent or Very Good • 98% would recommend the service to others

Agenda 1. Build your Budget 2. Money Saving Tips 3. Savings 4. Other Tips…

1. Build your Budget

Where do I start? • Keep a spending diary • Calculate how much you are actually spending • What is an absolute necessity? • What isn’t an absolute necessity? e. g. cosmetics/weekend trips/eating out, etc • Manage your debt.

Get your finances on track • Identify and write down your financial goals • List your expenses in order of priority e. g. debt payments first • Use a budget planner • Print it, keep it in a place that’s easily visible, e. g. fridge/wallet. • Regularly check you are still on track.

Build your budget …know your every cent

Specific Measurable Attainable Realistic Time-bound Setting your financial goals How much you want to save? How long it will take?

Setting your financial goals Short-term < 1 year Mid-term 1 to 3 years Long-term 3 years + Keep your finances under review as your circumstances change.

Managing Debt • List your debts in order of priority • Know the APR and how much you have left to pay on all debts e. g. mortgage, utility bills, medical costs, credit cards, overdraft, personal loans. • The highest APR loans should be paid after your mortgage, utility bills and medical costs. • Know your facts and figures - devise a realistic monthly budget of what you can repay • Contact your lender/bank to discuss your options if you are finding it difficult to meet repayments, e. g. debt consolidation, payment breaks, extending your loan term, etc. don’t bury your head in the sand!

2. Money Saving Tips

Savings can be made without affecting your lifestyle Use the following savings towards: ü Your child’s education ü Paying off some debt ü A gym membership ü A holiday.

Potential Savings • • • Review your life cover Review electricity providers Implement energy saving tips File your tax returns Review your health insurance Grocery savings € 1, 143 € 209 € 650 € 1, 090 € 865 € 3, 550 € 7, 507 see the following slides for source details

Review your Life Cover

ØIf you have a young family Why do I need Life Insurance? ØIf you have a mortgage or loans ØIf your partner does not have independent or employment-related cover ØIf you are not in the Spouses’ and Children's Scheme ØIf you are not in the Superannuation Scheme.

Why should you review your Life Insurance? ü ü To ensure you are not under-insured To ensure you are not over-paying for the level of cover required Your life constantly changes and moves forward, so your life insurance must be reviewed &change as well

Shop Around Potential savings on your Life Cover aving of: S a year OR € 1, 143 over term € 22, 860 Source: Adviser Plus, figures on 04/06/14. Life cover savings compares the lowest & highest price available. Quote is for a male, aged 54 & a female aged 53, both nonsmoking with Life cover of € 250, 000 & Specified Illness Cover of € 50, 000 for a 20 year term with benefits & premiums increasing.

Life Cover Typical Example: Public Sector Employee Private Sector Employee Death in Service Salary Protection Spouses’ & Children’s Mortgage Protection / Life Cover

Life Cover – DOs & DONTs • DO carefully consider what you can pay in and need out • DON'T assume joint cover is the same as two singles - get quotes for both • DO live a healthier life, it makes things cheaper • DO answer questions accurately - insurers must ask what they need to know • DO quit smoking - and requote. • DON'T over- or under-cover yourself • DON'T take out a critical illness policy without good advice • DO consider writing in trust • DON'T think you're stuck with old, expensive insurance • DO only get cover for as long as it's needed - and no longer.

General Insurance Tips Be insu listic when rea ring! Over-estimating - increases your premium and will not benefit you if you go to make a claim. Underestimating - will make it difficult to cover costs if you need to claim. Review all your insurance policies - you could save hundreds of Euro in car, home & health insurance. Check if you are over insured - some individuals have too many layers of cover e. g. travel cover under health insurance. The policy offering the lowest premium is not always the best. Always compare the policy features & benefits - see if you are getting the best value for money.

Car Insurance Tips Get the right level of cover - comprehensive/third-party. Build up your no-claims discount. Avoid driving convictions and penalty points. Before adding named drivers to your policy – know their age, job, the type of licence they hold, driving experience and previous claims history.

Home Insurance Tips Insure your home for the amount it would cost to rebuild it, not its market value if you sold it. See http: //www. scsi. ie/. Insure your contents for the amount it would cost you to replace them if they were stolen or damaged. Check if you can get better value by combining buildings and contents cover into one policy. If someone is working on your home e. g. tradesmen, check if they have their own public liability insurance. If they damage your home, it might not be covered by your own insurance (check your policy for liability insurance details).

Check for discounts Discounts may be available if: • If you have had no previous claims or have been claims free within the past three years. • The house has a security alarm (you may get an extra discount if it is monitored) • Your house has smoke alarms • Your home is occupied during the day.

Drive home a better deal… Get a great price and first class benefits on your Car and Home Insurance. Call us on 01 408 4040

Review your health insurance q Costs are spiralling q Annual contracts now in place q ‘Restricted plans q Review illnesses’ on many mid-range at your renewal date 01) 477 5101 By availing of our FREE comparison service, *Savings on youbased VHIprice comparison fromup to. Insurance Authorityper as at 23/3/14 by Best Plan (€ 775). could save thethe Health € 865* effective adult! switching from Health Plus Extra to Aviva Nurses & Teachers Choice (€ 865) or to the Glo. Health

File your tax returns 82% of PAYE workers overpaid in tax last year The average tax refund for PAYE workers was € 1, 090 last year! x on id ta n in overpa illio over € 36 m u. back yees like yo as claimed as h r emplo To date Mid ublic Secto behalf of P s filed last eturns Mida ssed tax r 0 self-asse of the 1, 00 refund! urprisingly, were due a S 53% year, Source: Midas customer statistics 2013. Midas is a tax based service and not a regulated financial product. Cornmarket Retail Trading is a wholly-owned subsidiary of Cornmarket Group Financial Services Ltd.

Why Public Sector Employees Overpay Tax Factors ü Married ü Change Job ü Agency Work ü Income changes ü Birth of child ü Human error when calculating and deducting tax. Repercussions 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 allowances & entitlements x Tax Credit Certificate details incorrect x Incorrect allocations accumulate year on year.

ailing u av liefs yo Are the re u? o ll of a ble to y a avail Tax reliefs/allowances available Med T uitio s €€ e n Fe ical Employment expenses €€ Expe nses €€ Salary Protection €€ Pension €€ Tax Bands incorrect €€ Mortgage Interest Relief €€ Rent Credit €€ You can claim back tax for a period of up to 4 years!

3. Savings Build a savings nest egg, and maximise the return

4 steps to a brighter financial future 1. Review your finances 2. Identify your savings need 3. Tailor a savings plan to your own particular circumstances 4. Start your savings plan

Why do you need to save? Deposit for house purchase, holiday, education expenses, weddings etc. ü 10% Deposit required üBuild a savings record üWill you get credit? üHow much will it cost you? üWould you be better off if you saved?

Maximise your savings q Deposit rates very low so its vital to get your money working for you. q Tailored savings plans for public sector employees § Educational Saving § House Deposit § New Car Sources: The Sunday Business Post 29/01/13 & 10/03/13

4. Other Tips

Groceries…your second biggest bill after your mortgage! Over half of us make “Quick trips” to the supermarket 3 -4 times per week overspending € 10 more on each trip. Do one big weekly shop Potential savings € 2, 080* Bring your lunch to work Potential savings € 1, 170** Buy generic food brands Potential savings € 300*** *Marketing Science Institute Research, Sunday business post, 13/01/2013. **based on spending € 6. 50 per day over 52 weeks. € 2 to make a sandwich vs. € 5 - € 8 to buy. ***Source: Sunday business post, 13/01/13. Generic food brand saving based on saving € 5. 60 per week.

Review your Home Phone, Broadband & Mobile. r you d pare ills an Com nt b rre ere is a eal cu if th ndle d see r bu e bett u r yo fo

- it’s the new buzz word! ØAllows you to watch films, TV series & documentaries anytime, anywhere, on a laptop or ipad/tablet ØCould help you save money on DVD rentals and reduce the need to use your on demand ØIt tracks what you watch and makes suggestions on your next visit Ø They offer a 1 -month free trial Ø Thereafter, costs € 7. 99 per month. Visit www. netflix. com for more information. Price correct as at 05. 06. 14

Review Gas/Electricity Provider ü Market constantly changing ü Check if you are locked into a contract ü If not, review your provider ü Gas and Electricity from separate suppliers ü Choose Direct Debit ü Switch to an Online Bill Only trust price comparison sites accredited by the Commission of Energy Regulation (CER). Log on to Bonkers. ie

Example of Savings Available € 209. 99 Savings based on switching from Airtricity’s dual saver option (Electricity bill € 130 bi-monthly/Gas bill € 180 bi-monthly) to Energia Smart. Choice Dual Fuel and Energia Smart. Choice Dual Fuel. Source: bonkers. ie 06/03/14.

Service your Boiler Save € 150 per annum Energy Saving Tips Potential Savings € 650 ttic our a ate y bill! Insul your n 40% o p to ave u S Source: www. seai. ie, 05. 06. 14

www. consumerconnect. ie this tool gives you advice and tips on how to cut your household spending

Cut down your Mobile Phone Bill 1. 2. 3. 4. www. skype. ie - free National & International calls Apps on IPhone/Smartphone – Viber/Whatsapp - free calls & sms worldwide Free sms messaging online with your provider e. g. O 2 Be careful with contracts – can tie you in for 12, 18 or even 24 months!

Citizens Information Resources

Some other resources at your Fingertips comparison sites money saving websites www. bonkers. ie www. moneyguideireland. com www. hia. ie www. menupages. ie www. callcosts. ie www. parksmart. ie www. nca. ie www. mydealpage. ie

Thank you for your attention Questions? Awards for our partnership with for our Breast Cancer Initative 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.