| Our Charges - Savings and Investments |
| 1) Lump Sum Investments |
| Our detailed list of insurance company charges ensure you get the best
deal on the market and also with the aid of our interactive web site, team
of experienced financial advisers you'll get the best advice at the lowest
price. PrimaFinance is paid an ongoing fee of 0.5% of the value of your
investment. This is included in the fund annual management charge. This
is the same as charged by all local Banks/Brokers/Insurance companies. |
| |
| 2) Regular Savings Plans |
| PrimaFinance is paid between 2% and 4 % once off by the
relevant investment company for setting up your Savings Plan. We do not
charge an ongoing charge in subsequent years, where it is standard practice
to do so by all Banks/Insurance Companies/Brokers. For example on a €100
per month (€1200 per annum) savings plan, PrimaFinance is paid a commission/income
of between €24 and €48 for setting up your savings plan. |
| The standard charges imposed by the Banks/Insurance Companies/Brokers
are on average around 15% in year one plus an annual charge of 4%. |
| Table 1: Regular Investment Plan - Cost Savings on €100 per month
|
| Year |
Premium € |
Standard Industry Charges € |
PrimaFinance Charges € |
Savings € |
| Year 1 | 1200 | (15%) 180 | (4%)48 | 132 | |
| Year 2 | 1200 | (4%)48 | - | 48 | |
| Year 3 | 1200 | (4%)48 | - | 48 | |
| Year 4 | 1200 | (4%)48 | - | 48 | |
| Year 5 | 1200 | (4%)48 | - | 48 |
| |
|
|
Total savings |
324* |
|
| * This Total Saving does not include the subsequent investment growth
on these savings. |
| PrimaFinance offers you significant cost savings in setting up your saving
plan, all while offering you unrivalled choice and highly Professional Investment
Advice. |
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