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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…

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11-11-2023 7:01pm

#1

JMB88

Registered Users 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%?

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#2 11-11-2023 7:17pm
Rustyman101

Registered Users Posts: 347 ✭✭

Join Date: May 2016

Posts: 338

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.

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