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Help Protect Your Savings From Inflation
by Irish Life Financial Services
Inflation and the rising cost of living are a genuine concern to many across Ireland. Now is the time to review your finances to understand what you should be doing with your money to feel financially confident. Here we outline three steps you can take to look after your finances and your family’s future.
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Three things you can do to help protect your savings
You’ve worked hard to build up your nest egg, but the rising rate of inflation and cost of living can chip away at your savings and make it worth less now than it was a year ago. Here are three things you can do now to help protect your savings and potentially give your money the chance to grow.
Consider investing
Want your nest egg to work harder? As time goes by, inflation can chip away at the value of your savings. Investing can potentially give your money the chance to beat inflation.
Review your pension
Pensions are one way to try and combat inflation as you may be eligible for income tax relief on the contributions you make. Now is the ideal time to review your pension with a financial advisor and be sure you’re not missing simple actions to maximise it.
Get a free financial plan
People with a financial plan are twice as likely to say they’ve no worries about their finances. You can speak to an Irish Life Financial Advisor or get recommendations online with our Digital Advice Tool.
Warning: If you invest in these products you may lose some or all of your money.
Warning: The value of your investment may go up as well as down.
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Irish Life Financial Services Limited, trading as Irish Life, is regulated by the Central Bank of Ireland. Irish Life Financial Services is an insurance intermediary tied to Irish Life Assurance for life and pensions.
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- Linda Moran
Financial Advisor Irish Life