Is investing finally getting cheaper in ireland

Yellow_Fern

https://www.irishtimes.com/your-money/2025/05/27/is-investing-finally-getting-cheaper-in-ireland/

beachhead

Do you mean Revenue allowances have increased and stockbrokers physical or online have dropped their fees.

techman1

NO, investing is crazy in Ireland not for expenses so much but the heavy taxation. In UK they have 12,000 cgt tax free allowance every year, ours is a measly 1270 euros per year, hasn't changed in over 20 years, the last change was to convert it from Irish pounds to euros all the way back in the early 2000s, it should be 5000 euros now just to account for inflation since then

Geuze

Buying shares is already cheap.

ETFs can be bought on DeGiro for 1 euro.

The killer is the 41% exit tax.

Yellow_Fern

https://www.boards.ie/discussion/comment/123489631#Comment_123489631

Don let them fool you, Degiro has a lot of hidden fees. You are not buying any shares for 1 euro there any more in the most if not any exchange.

Yellow_Fern

The article is about both topics.

Geuze

https://www.boards.ie/discussion/comment/123524957#Comment_123524957

Okay, there is also an annual 2.50 fee for holding assets on an exchange that is not your local exchange.

I do pay 1 euro to buy an ETF.

Yellow_Fern

https://www.boards.ie/discussion/comment/123527115#Comment_123527115

Many other people will be paying fix fees as well. They are higher than one might expect.

Jim2007

https://www.boards.ie/discussion/comment/123489345#Comment_123489345

Its not crazy, it's just not the policy you'd prefer. The policy is to encourage wealth accumulation through property acquisition, it's a very popular policy and judging by the results of the last election the chances of that changing is exactly zero. To get it to change you'd have to get the people to vote to make themselves poorer and as we've seen not even the housing crisis is going to get them to do that.

It's not a policy I agree with and I did have conversations with various people in government after 2007 about rebuilding household wealth through encouraging investing in alternative asset classes, but there was absolutely no interest. No votes in it.

Jim2007

https://www.boards.ie/discussion/comment/123527406#Comment_123527406

You are only concerned about the fees if you are trading and speculating, if your annualised return from investing is not easily clearing your expenses you are already well and truly on the wrong path and the broker's dream client.

Yellow_Fern

https://www.boards.ie/discussion/comment/123527486#Comment_123527486

Sure, but when I started out, the cheapest broker worked at about 25 euro a trade. One might trade once a month following pay day. A lifetime of paying 25 euro a month might be 100,000 euro foregone in investment returns so I dont think fees is insignificant.

Jim2007

https://www.boards.ie/discussion/comment/123527623#Comment_123527623

Which is exactly why I said you should not be doing it! If you are not going to make a significant return you should not do and would fair better sticking it in a savings account. This is where the head must rule the heart.

Yellow_Fern

https://www.boards.ie/discussion/comment/123528533#Comment_123528533

The scenario I am trying to paint here is the cost of fees after ones returns in a simply buy and hold strategy. So I am assuming siginficant returns. 100,000 euro in foregone returns is a lot. I mentioned a price of 25 euro but many brokers use to charge 70 euro per a trade.

Squint.89

So what is the best platform for investing now? I am on DeGiro and find it ok but would love to know what is best for us here in ireland

Is there any platform that does the tax deduction at source?

Geuze

DWT is deducted at source by the PLC paying the dividend.

DWT is recorded on DeGiro.

I don't think DeGiro deduct and remit the DWT? Do they?

thatsdaft

https://www.boards.ie/discussion/comment/123637020#Comment_123637020

212 by a country mile

tho out of sheer laziness keep degiro portfolio around

spot555

A kicking of the can?

https://www.oireachtas.ie/en/debates/question/2025-07-15/158/

From parliamentary questions on Tuesday;

The 2025 Programme for Government has committed to progress and publish an implementation plan for the Funds Review for consideration in Budget 2026, taking into consideration the recommendations to unlock retail investment and opportunities to grow this sector in Ireland.

I have heard the feedback about the need to modernise the existing taxation regime as it applies to retail investment, including for Exchange Traded Funds (ETFs), and I acknowledge the complexities in the current regime for an average investor. I recognise the growing importance of the funds sector as an employer within our economy and I recognise that the products the sector makes available are being considered by more and more citizens. I believe, therefore, that we should look at how we can support that.

This is a complex area of taxation that encompasses a wide breadth of tax legislation on domestic funds, life assurance products and offshore funds. Detailed consideration is therefore being given to the best way to bring about the necessary reforms and to support a greater level of retail investment in capital markets. It is likely, given the breadth of the Funds Sector 2030 Report, and the work involved, that where appropriate tax measures are identified, the delivery of those measures may take place over multiple Finance Bill cycles. This work will also take account of developments at an EU level in respect of the Savings Investment Union.

Squint.89

Yeah they have the dividend tax alright in DeGiro, Its more when you sell and buy another stock. I was wondering that records profits&loss and then decuts if required?

Geuze

I have never heard of any trading platform that applies CGT at source.

It's impossible.

Sure how would the stockbrokers know the CGT situation of the customer?

Shedite27

https://www.boards.ie/discussion/comment/123657852#Comment_123657852

YEah I've stocks in a number of brokers, no way they could deduct at source

techman1

kicking of the can?

Fiscal Policy

From parliamentary questions on Tuesday;

Yes pascal donohue the big spoofer, useless, better if it was jack chambers or Michael mcgrath in finance to push this on.

Also regarding the big infrastructure spending he said there will be little to no tax breaks for tax payers, the vat reduction for hospitality will be taken straight out of the figures for income tax reductions. They are talking about spending over 200 billion yet no tax breaks!!

Donohue is a tax and spending socialist , it's a pity he didn't retire after last election along with coveney and varadker