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Irish Life Trading Account ?

  • 07-11-2013 1:30pm
    #1
    Johnny Jukebox
    Registered Users, Registered Users 2 Posts: 664 ✭✭✭


    Hi,

    My financial advisor is pushing me towards Irish Life as a provider of an online trading account for my personal trades.

    Is this the best option out there ? and is there any gotchas that I should be aware of ?

    Thanks,


Comments

  • #2
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    Johnny Jukebox wrote: »
    Hi,

    My financial advisor is pushing me towards Irish Life as a provider of an online trading account for my personal trades.

    Is this the best option out there ? and is there any gotchas that I should be aware of ?

    Thanks,

    for stocks? Or for funds? What are the costs?


  • #3
    Johnny Jukebox
    Registered Users, Registered Users 2 Posts: 664 ✭✭✭Johnny Jukebox


    For stocks.

    The price I have been quoted is 15 euro/trade.


  • #4
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    Johnny Jukebox wrote: »
    For stocks.

    The price I have been quoted is 15 euro/trade.

    that's news to me. I would love to hear more about it. What are the maintenance charges ? Are there inactive charges?


  • #5
    Liam D Ferguson
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭Liam D Ferguson


    Irish Life and Standard Life have the facility to trade shares, bonds and ETFs online within a pension policy. You have to first set up a pension policy with either company and fund it with either a transfer from another pension plan or contributions or both.

    You'll pay Irish Life or Standard Life in or around 1% of your funds per year for administering the pension policy. There may be other charges for setting the thing up - you'd have to ask your broker as they can vary depending on the type of pension plan.

    Holding shares within a pension plan can be tax-efficient as you don't pay tax on dividend income, nor CGT on profitable sales. But don't forget the monies are in a pension plan so usual access rules apply as with any other pension plan.


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