Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Best place to put cash until December 3months

  • 26-08-2018 12:21pm
    #1
    Austria!
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭


    I have some cash in my account for my CGT this year, payable by Dec 15th. Is there a better place to have this money that's completely safe for 3 months? It's low six figures if that makes a difference.


Comments

  • #2
    Bubbaclaus
    Registered Users, Registered Users 2 Posts: 4,461 ✭✭✭Bubbaclaus


    Why don't you just pay the CGT now?


  • #3
    Diarmuid
    Registered Users, Registered Users 2 Posts: 3,981 ✭✭✭Diarmuid


    Bubbaclaus wrote: »
    Why don't you just pay the CGT now?

    Because you earn the interest if you keep it.


  • #4
    Bubbaclaus
    Registered Users, Registered Users 2 Posts: 4,461 ✭✭✭Bubbaclaus


    Diarmuid wrote: »
    Because you earn the interest if you keep it.

    Well the OP wants to know where to put it to keep it safe. Safest place is in Revenue's bank account. If his concern was earning money off it he would've asked that.


  • #5
    Austria!
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭Austria!


    Bubbaclaus wrote: »
    Well the OP wants to know where to put it to keep it safe. Safest place is in Revenue's bank account. If his concern was earning money off it he would've asked that.


    It thought it was obvious I wanted to earn off it. The other concern is that I might get the opportunity to harvest some losses and reduce my overall payment so I don't want to pay all I owe right now.


  • #6
    Diarmuid
    Registered Users, Registered Users 2 Posts: 3,981 ✭✭✭Diarmuid


    Bubbaclaus wrote: »
    Well the OP wants to know where to put it to keep it safe. Safest place is in Revenue's bank account. If his concern was earning money off it he would've asked that.
    It's called reading between the lines.


  • Advertisement
  • #7
    Diarmuid
    Registered Users, Registered Users 2 Posts: 3,981 ✭✭✭Diarmuid


    To answer the OP question, interest rates are rock bottom. Euro government bonds are hardly worth investing in., Risk and return are very closely coupled so you're not going to get a return without accepting some risk


  • #8
    delta_bravo
    Registered Users, Registered Users 2 Posts: 4,567 ✭✭✭delta_bravo


    Prize bonds maybe? Even with that amount the amount of potential interest is fairly negligible.


  • #9
    El Tarangu
    Registered Users, Registered Users 2 Posts: 1,622 ✭✭✭El Tarangu


    delta_bravo wrote: »
    Prize bonds maybe? Even with that amount the amount of potential interest is fairly negligible.

    I was going to say the same thing - you might not win anything in the end, but as safe a place as anywhere else to leave the money for a couple of months.


Advertisement