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Investing in a SNP500 Index Fund from Ireland

JMB88 · 2023-11-11 18:01:08

I’m looking to invest €500 a month (with an initial €10000) for a 20 year period, ideally in a SNP 500 Index Fund. What companies in Ireland offer such a product? From a quick initial research I see it’s possible to invest a SNP 500 ETF’s but don’t see Index Funds? Am I correct in saying that gains on both Index Funds and…

11-11-2023 6:01pm

#1

JMB88

Registered Users, Registered Users 2 Posts: 212 ✭✭

Join Date: November 2007

Posts: 173

I’m looking to invest €500 a month (with an initial €10000) for a 20 year period, ideally in a SNP 500 Index Fund.
What companies in Ireland offer such a product? From a quick initial research I see it’s possible to invest a SNP 500 ETF’s but don’t see Index Funds?
Am I correct in saying that gains on both Index Funds and ETF’s would be subject to tax @41%?

0

Comments

#2 11-11-2023 6:17pm

Rustyman101

Registered Users, Registered Users 2 Posts: 393 ✭✭

Join Date: May 2016

Posts: 383

Direct ETFs are also subject to "deemed disposal " tax ever 8 years so if you invest monthly your tax bill will be complex, its a makey up irish tax law to extract money.
Ireland doesn't like people investing to secure their future.

3