how much interest would i get

tonyheaney

Hi I wander if any one could honestly tell me and all jokes aside how much weekly interest would I get from this weeks 15 million euro

joydivision

What even makes you think 15 million would be interested in you bhoy .

Sky King

You'd get a fair bit. I'm already pretty interested, for example, and you haven't even won yet..

franktheplank

three fiddy.

Doc

All the Gold diggers will be after you so even if you're ugly you will get lots of interest.

Neewbie_noob

15 million at ca. 5% interest p.a. pay 30% DIRT then 20% on the balance so 367500 interest after tax

Reloc8

tonyheaney wrote: »

Hi I wander if any one could honestly tell me and all jokes aside how much weekly interest would I get from this weeks 15 million euro

Assume 3% deposit interest although you should surely get a better rate = 15,000,000/100*3/52.

= €8.6k per week.

You would pay 30% of that in tax (DIRT) deducted at source.

You would also be exposed to losses due to inflation and value exceeds guarantees on deposits if with one institution.

Newbie Noob - what's the other 20% you're knocking off ?

edit :- forgot levies. I would make that 4% on PRSI then USC at 10% effectively (we need not trouble ourselves with the wee bit at the lower rates) so 14% payable on the balance or in total 44% in taxes/charges from the man.

squod

http://www.marketoracle.co.uk/Article37713.html

How much do you want? Hire me for bodyguarding/financial advisor/greasy chef & I'll see you right OP.

SafeSurfer

franktheplank wrote: »

three fiddy.

You learn fast Frank. If there is a number followed by a ? in the OP the only possible answer is three fiddy.

franktheplank

SafeSurfer wrote: »

You learn fast Frank. If there is a number followed by a ? in the OP the only possible answer is three fiddy.

Yeah, what do these suckaz think this place is? Maths club?

SEPT 23 1989

I wandered lonely as a cloud

joydivision

SEPT 23 1989 wrote: »

I wandered lonely as a cloud

Androidlovers

Please dont say that you hit a Lottery of 15 million :-o

Curly Judge

Assuming that you have the self control not to spend any of the principal, I heard somewhere once that the right way to look at it is:
1% for yourself
1% for the tax man
1% for reinvestment. [to offset the effects of inflation]
So, You would end up with, roughly, 3,000 per week, tax free, in your hip pocket.
Think you can manage on that?

franktheplank

Curly Judge wrote: »

Assuming that you have the self control not to spend any of the principal, I heard somewhere once that the right way to look at it is:
1% for yourself
1% for the tax man
1% for reinvestment. [to offset the effects of inflation]
So, You would end up with, roughly, 3,000 per week, tax free, in your hip pocket.
Think you can manage on that?

I'd have to let a few people go but i suppose i could tighten the belt.

tonyheaney

oh ha ha ha some ones not getting laid i see

tonyheaney

is that per week or month or year?

tonyheaney

isn't the lotto Tax free?

Reloc8

tonyheaney wrote: »

isn't the lotto Tax free?

Yes.

But you pay tax on interest accrued on sums on deposits, including sums you won on the lotto.

tonyheaney

no i just trying to think what to do with my winnings like

franktheplank

tonyheaney wrote: »

oh ha ha ha some ones not getting laid i see

tonyheaney wrote: »

is that per week or month or year?

Per year

/Bawling my eyes out.

tonyheaney

LOL hahaha

asherbassad

tonyheaney wrote: »

Hi I wander if any one could honestly tell me and all jokes aside how much weekly interest would I get from this weeks 15 million euro

You'd probably get 2% p.a., that's 300k a year.....so 6 grand a week. Buy's a lot of beer and kebabs :P

Remmy

If you won op, I'd have much interest. Where do you live btw?;)

3ndahalfof6

Loads, you just entered babe city.