Frequently Asked Questions

Yes. Lenders can accept contracting or self-employed income if it’s consistent and well documented. We help you present a clear financial picture. 

Fenero tip: Two good years of clean accounts beats five messy ones.

Not necessarily. We’ll map what’s realistic for you and help you build a steady savings pattern lenders like to see.

Fenero tip: Regular saving matters more than big one-off lodgements.

Set a fixed monthly transfer from your business account and top it up in strong months.

Fenero tip: Stable payslips make life easier with banks.

Keep business and personal separate, plus a “tax and buffer” account for Revenue and quieter months.

Fenero tip: Ring-fencing removes stress before it arrives.

As early as possible. Small, regular amounts build flexibility later.

Fenero tip: Starting beats waiting for “the right time”.

We estimate fees and living costs based on your timeline and convert them into a simple monthly target.

Fenero tip: Big goals feel smaller when broken into monthly numbers.

No. Start small, automate it, and increase contributions as income grows.

Fenero tip: Consistency beats perfect timing.

It depends on rates, risk, and goals. Often, clearing high-interest debt and building an emergency fund comes first.

Fenero tip: Paying 18% on a card while investing at 6% is going backwards.

No. It’s for anyone who wants loved ones or commitments protected.

Fenero tip: Cover isn’t about today. It’s about tomorrow.

Term covers you for a set period. Whole-of-life aims to last for life. Cost and features differ.

Fenero tip: Match cover length to real responsibilities.

No. It provides a lump sum if you’re diagnosed with specified conditions. It does not pay medical bills.

Fenero tip: Check definitions before you assume cover.

Each policy lists conditions and criteria. We explain these in plain English.

Fenero tip: Small wording differences matter in claims.

Yes. Policies are designed for independent workers and pay when illness or injury stops you working.

Fenero tip: No work usually means no income. This fills the gap.

 Policies cover a portion of earnings, subject to provider limits. We size it to essentials.

Fenero tip: Cover bills first, lifestyle second.

It’s a form of life cover linked to your loan, usually reducing over time.

Fenero tip: It protects your home, not your lifestyle.

 For joint loans, most choose joint or dual-life cover. We’ll guide you.

Fenero tip: One income loss affects both partners.

Yes. It provides funds for surviving owners to buy out shares and retain control.

Fenero tip: Good paperwork prevents bad disputes.

It’s life cover structured to help beneficiaries meet potential tax liabilities.

Fenero tip: Tax bills often arrive before assets can be sold.

Yes. Without one, succession law applies instead of your wishes.

Fenero tip: “Everyone knows what I want” isn’t legally binding.

Fixed legal rules determine who inherits. A will gives you control.

Fenero tip: Writing a will is easier than fixing mistakes later.

Yes, within limits. We help structure them sensibly.

Fenero tip: Small, regular gifts beat big late ones.

Once you own assets or have dependants. Earlier planning gives more options.

Fenero tip: Delay usually costs more later.

Yes. Directors and sole traders can use PRSAs.

From 1 January 2025, employer contributions up to 100% of salary do not create a BIK charge.

Fenero tip: Review salary and pension together each year.

Yes. You can usually increase, reduce, or pause contributions.

Fenero tip: Flexibility protects momentum

Yes. Master Trusts offer a governed structure without running your own scheme.

Fenero tip: Good governance saves time and risk.

Often, yes. We check fees, guarantees, and penalties first.

Fenero tip: Some old pensions are worth keeping.

There may be short gaps. We manage timing carefully.

Fenero tip: Planning avoids unnecessary exposure.

Yes. ARFs are investments. Poor markets or high withdrawals can exhaust funds.

Fenero tip: Your retirement income has a burn rate.

You can withdraw as needed within rules. We set a sustainable rhythm.

Fenero tip: Smooth withdrawals reduce tax shocks.

Some offer index-linking, but starting income is lower.

Fenero tip: Security and growth rarely peak together.

Options like guarantees and dependants’ benefits can protect family.

Fenero tip: Choose protections at the start.

Now. Even small amounts grow over time.

Fenero tip: The first contribution matters most.

Yes. Set a baseline and top up in strong months.

Fenero tip: Treat good months as future funding.