I would like to invest a lump sum and then about E100 a month. I`d view it long-term.
The top options I've come to are buy into 1 or 2 ETFS on Degiro or funds through Zurich.
Degiro ETFs are commission free but the tax situation is a headache. I`d also have to keep an eye on the markets and I have no experience here. The deemed disposal rule after 8 years could possibly be a factor and reading about different tax treatment for domiciled and non domiciled ETFs etc. I could easily see a situation where I'd need to pay an accountant/financial advisor to sort it out for me in a few years eating into any savings I`ve made through commission free.
I`ve gotten this quote from an execution only broker for Zurich funds which seem to be similar to ETFs marketed as "funds".
Is the tax treatment the same for these as ETFs?
I`d be leaning towards a Zurich fund with a risk rating around 4-5. But really not sure. Advice much appreciated particularly from anyone thats gone down either route.
Life Assurance Exit Tax applies to the Zurich Life Funds.
Automatically deducted by Zurich Life every 8th plan anniversary and paid to Revenue on your behalf. Also calculated and deducted (if applicable) on partial/full encashments. You would be able to see the tax position at any point in time when you log in to your account with Zurich Life.
PS: The charging structures you quote above are for lump sum investments only. You'll find that, for a lump sum and regular contribution contract that the AMC is 1% (on circa 30 funds) but there are no exit charges on that contract and that you have the flexibility to add occasional lump sums to it.