Siamsa Sessions wrote: »
Piggybacking on this thread as I’m in a somewhat similar position.
I’m putting €110 a month into a pension since 2011 but took out a personal loan last year to finish off our house. The interest rate on the loan is 7.9%.
I need to check the T&Cs but I think I can take a holiday from the pension. If I can, would it make sense to plough the €110 into the personal loan instead to get that paid off quicker since the interest rate is so high?
The pension won’t mature for another 20 years so I’ve time to build it up after the holiday.
VonLuck wrote: »
Instead of starting a new thread, thought it would be best to piggyback this one.
I invested a single lump sum in a managed investment fund a few years ago. This year is the first year it has actually increase in value due to unfortunate timing when I invested.
Do I have any tax liability at the end of the year, or am I only liable to declare profits from investments when I withdraw the funds?
hunter164 wrote: »
Just looking for a bit of advice.
I'm considering of putting away €40 a week into an investment fund. This will be a long term investment c.20 years, with the money invested on a weekly basis increasing as my wages do. I don't see the point in letting it sit in the bank doing nothing.
Is it worth my while putting it into an investment fund? If so, any suggestions on who's best for the amounts I'm planning on putting in?
Or, is there a better option for the money?
caviardreams wrote: »
Is it an Irish Life, Aviva managed fund etc? Then they will deduct the tax every 8 years for you automatically (or sooner if you sell it).
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