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Personal or Business Investment?

  • 02-10-2015 8:51am
    #1
    Mother Brain
    Closed Accounts Posts: 255 ✭✭


    Hello,

    I'm coming into some money, ~40k, soon and am deliberating over what to do with it.

    I am in the early stages of self employment and could potentially pump the money into the business, however in reality my costs are incredibly low. Next to nil for the most part.

    I do web development and related work, from home, and my costs really only include a few cheap software subscriptions, ~ €30-50 per month, so I was considering what a good personal investment would look like instead.

    I have no experience of investments and while I have a passing interest in the stock market I feel that perhaps now is not a great time to be entering due to volatility in global markets.

    Regular savings with low interest rates are an option but not a great return it seems.

    It goes without saying that as self employed with low turnover I would have next to no chance of property (nor the inclination if i'm honest).

    Basically looking for any advice that is appropriate. Thanks.


Comments

  • #2
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    http://www.revenue.ie/en/tax/it/leaflets/it15.html

    Checkout SURE with revenue. You can reclaim previous paye tax based upon what you put into a company. Might work for you.


  • #3
    Mother Brain
    Closed Accounts Posts: 255 ✭✭Mother Brain


    Cheers thanks, I'll be sure to take a look.

    The difficulty there is figuring out how best to make use of it within the business! Can't really argue with a potential 40% rebate though.

    Been reconsidering stock though as well. Since markets are down all over the place it kind of makes a certain amount of sense that it might actually that now is the perfect time to try and make a savvy purchase.

    Lot's to think about anyway.


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