Remember Chris Hadfield's tweet from Space?

Remember Chris Hadfield's tweet from space?

14/03/2018 | Zurich Life

Savings

Time flies so it makes sense to start saving today for tomorrow. Customers who started saving €150 with Zurich five years ago in 2013 could have over €10,000 today*.

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When astronaut Chris Hadfield tweeted: "Tá Éire fiorálainn! Land of green hills and dark beer. With capital Dublin glowing in the Irish night," it was warmly received and got plenty of media coverage. Hadfield's half a million Twitter followers were very impressed with his pictures of Ireland, which were taken from the International Space Station in February 2013. They were also surprised to learn that this entertaining astronaut could speak cúpla focail?

Given the engagement across social media the tweet received, a while later Commander Hadfield tweeted again: "Wow, I can feel the warmth of the Irish all the way up here - go raibh maith agaibh! I'll do my best to photo more cities as clouds clear."

Its five years since Hadfield tweeted and photographed Ireland from space, but it doesn't feel like it was that long ago. Time really does fly and savings can grow quickly over a short amount of time. For example, if you saved €150 a month for five years from 1 January 2013 to 31 December 2017, you could have saved €9,000, but if you saved that same amount in Zurich's Balanced Fund you could now have €10,133*.

Some people put their savings into a regular savings or deposit account, and that gives them a predictable rate of interest. But when you invest your money in a fund it has the potential to grow faster. Some funds offer consistent growth while others have potential for higher long term gains. The higher the potential for growth, the riskier the fund, and your investment could go up or down.

Starting a savings plan today can help you prepare for your future and look forward to those big and small events in life. Whether you want to save a little or a lot, we have lots of different options that will get your money working harder for you, regardless to whether it's a small amount saved every month or a lump sum.

You don't have to be an expert get your savings working harder for you. You just need to talk to a trusted financial broker. Call our financial planning team on 1850 804164 or find a financial advisor in your area to get started.

The value of savings growth with Zurich's Balanced Fund

Year savings plan started Amount saved each month
€75 €150 €300
2000 €23,679 €47,356 €94,714
2001 €22,643 €45,283 €90,567
2002 €21,004 €42,008 €84,017
2003 €19,233 €38,463 €76,928
2004 €17,522 €35,040 €70,085
2005 €15,813 €31,623 €63,248
2006 €14,292 €28,585 €57,172
2007 €13,012 €26,023 €52,051
2008 €11,861 €23,718 €47,439
2009 €10,538 €21,076 €42,156
2010 €9,033 €18,065 €36,129
2011 €7,661 €15,322 €30,648
2012 €6,332 €12,662 €25,324
2013 €5,067 €10,133 €20,266

*Figures based on a monthly contribution of €75, €150 or €300 per month starting between January 1, 2000 and January 1, 2013 and paying until  December 31, 2017. Figures are based on an investment in the Zurich Life Balanced Fund, and assume an allocation rate of 100.0% and an annual management charge of 1.0%. There is a 1% government levy that applies to these contributions and is included in the contributions shown. Exit tax of 41% applies.



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