If you have a new account but are having problems posting or verifying your account, please email us on [email protected] 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 [email protected]

40K to invest

  • 26-05-2023 4:04pm
    Registered Users Posts: 74 ✭✭


    I'm hoping for some advice here please. I am 46 and my only debt is my mortgage (20 years left). I have 40K available to somehow invest as I don't want it sitting in a bank costing me money due to inflation.

    I have looked at Irish Life and Zurich's MAPs and Prisma funds but the thoughts of paying 41% exit tax after 8 years makes these less attractive. I don't want to put the money in Trade Republic or Degiro as I'm too under educated in those services and it's a bit daunting.

    Statebonds seems like my best bet but 1.6% is a bit rubbish albeit tax free. I'm sure other people are in a similar situation and i wonder if anyone can offer any advice please?