Understand your money. Take control of your future.
Feel Confident About Your Money
At EFW Private, we believe financial advice should start with education — simple, clear, and free from jargon.
This page is here to help you feel more confident about your financial decisions, whether you’re planning something big or simply want to feel more in control.
We’ve created a library of Guides, FAQs and Financial Checklists all designed to help you learn, reflect, and take action at your own pace
Financial Jargon Buster
For More Financial Jargon Explainers
Income protection (or permanent health insurance)
Insurance that pays you a monthly income if you’re unable to work due to illness or injury. It will pay you up until you are able to return to work, or retirement, whichever is the sooner.
Advisory service
A stockbroker will discuss your investment aims and objectives and then recommend a range of investments that they feel would best suit your needs. Most stockbrokers will charge a fee for their advisory services.
Financial adviser
A regulated financial adviser is someone who is authorised by the Central Bank to give advice to individual members of the public. Advisers can either be ‘tied’ and only able to advise on products of their employer or they can be ‘independent’ and able to advise on a range of providers and products. It is important when selecting an adviser that you understand how they are being paid for the advice that is being given to you and what impact any commission being paid will have on your pension or investments. You can use the Central Bank’s registers site to get a list of authorised advisers.
Occupational pension scheme
A pension scheme set up by an employer to provide retirement benefits for employees. This term is used interchangeably with ‘Company Pension Scheme.’ It is also known as an ‘Employer Pension Plan’.
Additional voluntary contributions (AVCs)
AVCs are extra contributions you pay in addition to the normal pension contributions you or your employer make (if you are a member of an employer pension plan). AVCs help to increase the value of your pension fund or can be used to contribute to a tax-free lump sum at retirement. If you are earning an income, you can claim tax relief on AVCs up to certain limits.
Death-in-service benefit
If your occupational pension plan has death-in-service benefit, the benefit is the amount paid out to your dependants if you die while you are still employed.
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Book a 30-minute call with one of our advisors and let’s talk about what matters to you — and how we can help.
Why It Matters ?
Financial confidence doesn’t come from knowing everything — it comes from having someone to ask and knowing where to start.
We’re here to help you do both.