Revolut money market funds

One More Toy · 2024-08-07 14:38:13

Hi all Recently put a few euro into revolut's money market funds. They withhold tax at 41 percent. I'm just wondering can I square up at year end as I wouldn't be in the higher tax band anymore. How do I even report it? Tia Omt

07-08-2024 03:38PM

#1

One More Toy

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Hi all
Recently put a few euro into revolut's money market funds. They withhold tax at 41 percent. I'm just wondering can I square up at year end as I wouldn't be in the higher tax band anymore. How do I even report it?
Tia
Omt

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#2 07-08-2024 11:43PM

One More Toy

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Anyone?

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#3 08-08-2024 11:58AM

melchior1951

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The 41% is the investment fund exit tax which is independent of your personal tax bands. See: https://www.ccpc.ie/consumers/money/investing/taxes-and-charges/

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#4 08-08-2024 04:03PM

One More Toy

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https://www.boards.ie/discussion/comment/122478370#Comment_122478370

Thanks for clarifying, so my liability is zero outside of the withholding tax?

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