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August 29, 2023
This week I share some lessons we can learn from Johnny Sexton's reported pension planning in recent weeks! I've not even met the man (yet!) but he is a sporting legend, and I admire everything that he's done (even balling the referees for some of their Cup Final decisions!). And he has set yet another fine leadership example in terms of his pension planning. Let's learn from the boss! (Oh, and pardon me but I couldn't help writing this with more than a hint of tabloid journalism in mind!!)
Rugby heroes usually gain most plaudits for their jaw-droppingly tough and skillful performances on the pitch. When it wasn't at all popular back in the late 80's and 90's I was a huge rugby fan - Nick Popplewell and Eric Elwood (another mighty outhalf!).
Rugby was not popular back then - and being an amateur sport at the time, all the players worked in full time roles such as bank staff, teachers, small business owners etc, just as county GAA players do these days.
But since professionalism hit, all has changed. There is more money obviously for players, and the level of fame across the population has mushroomed! And there is no bigger Irish Rugby star than Johnny Sexton, the Irish rugby legend!
And he's done something financially smart off the field that's grabbing attention in the media recently: his limited company has reportedly invested over €550k into a pension for him, both a smart tax planning move, but also goes towards securing Johnny and his family's financial future.
Crouch, touch, pause and engage as we dive into why this pension planning move is as awesome as a Web Ellis winning conversion, how it's not just helping Sexton's future, but also teaching us all a valuable money lesson, and why planning for the long haul is where the real victory lies :).
Before we jump into the how and why of Johnny's pension planning move, a quick reflection on 'why pensions?'. Well, turns out they're like the 'Player of The Match' of the financial world for a few solid reasons:
Sexton's pension power play isn't just about bulking his pension account. It's got some seriously sweet side effects:
Johnny Sexton isn't just a rugby star; he's a role model for solid financial moves that anyone can emulate. Whether you're holding a rugby ball or a briefcase, here's what his story teaches us:
Johnny Sexton's decision to stash some of his company funds in pensions isn't just a one-off play; it's a game-changer. He's proving that thinking about life after the final whistle isn't just reserved for old-timers; it's a smart pension planning move for everyone, even those who are 2 or more decades away from needing that retirement income.
Whether you're on the pitch, in the office, or just planning your next move, remember that playing the long game is where the real victory lies. So here's to Johnny Sexton, not just a rugby legend, but a financially smart cookie we can all root for as we tackle our own money game :)
Bring home Web Ellis Johnny!
Paddy Delaney QFA RPA APA
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The content of this site including blogs and podcasts is for information purposes only. Everybody’s financial situation is different and the content we share on our site and through podcasts may not be applicable to you.
The articles, blogs and podcasts are not investment advice. They do not take account of your individual circumstances, including your knowledge and experience and attitude to risk. Informed Decisions can’t be held responsible for the consequences if you pursue a course of action based on the information we share
The content of this site including blogs and podcasts is for information purposes only. Everybody’s financial situation is different and the content we share on our site and through podcasts may not be applicable to you.
The articles, blogs and podcasts are not investment advice. They do not take account of your individual circumstances, including your knowledge and experience and attitude to risk. Informed Decisions can’t be held responsible for the consequences if you pursue a course of action based on the information we share
Should I stay invested when markets are at all time highs, is something many will rightly ask.
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