how much interest would i get

tonyheaney · 26-11-2012 01:16AM #1

Hi I wander if any one could honestly tell me and all jokes aside how much weekly interest would I get from this weeks 15 million euro

joydivision · 26-11-2012 01:18AM

What even makes you think 15 million would be interested in you bhoy .

Sky King · 26-11-2012 01:18AM

You'd get a fair bit. I'm already pretty interested, for example, and you haven't even won yet..

franktheplank · 26-11-2012 01:18AM

three fiddy.

Doc · 26-11-2012 01:19AM

All the Gold diggers will be after you so even if you're ugly you will get lots of interest.

Neewbie_noob · 26-11-2012 01:21AM

15 million at ca. 5% interest p.a. pay 30% DIRT then 20% on the balance so 367500 interest after tax

Reloc8 · 26-11-2012 01:23AM

tonyheaney wrote: »

Hi I wander if any one could honestly tell me and all jokes aside how much weekly interest would I get from this weeks 15 million euro

Assume 3% deposit interest although you should surely get a better rate = 15,000,000/100*3/52.

= €8.6k per week.

You would pay 30% of that in tax (DIRT) deducted at source.

You would also be exposed to losses due to inflation and value exceeds guarantees on deposits if with one institution.

Newbie Noob - what's the other 20% you're knocking off ?

edit :- forgot levies. I would make that 4% on PRSI then USC at 10% effectively (we need not trouble ourselves with the wee bit at the lower rates) so 14% payable on the balance or in total 44% in taxes/charges from the man.

squod · 26-11-2012 01:23AM

http://www.marketoracle.co.uk/Article37713.html

How much do you want? Hire me for bodyguarding/financial advisor/greasy chef & I'll see you right OP.

SafeSurfer · 26-11-2012 01:47AM

franktheplank wrote: »

three fiddy.

You learn fast Frank. If there is a number followed by a ? in the OP the only possible answer is three fiddy.

franktheplank · 26-11-2012 03:09PM

SafeSurfer wrote: »

You learn fast Frank. If there is a number followed by a ? in the OP the only possible answer is three fiddy.

Yeah, what do these suckaz think this place is? Maths club?

SEPT 23 1989 · 26-11-2012 03:11PM

I wandered lonely as a cloud

joydivision · 26-11-2012 03:13PM

SEPT 23 1989 wrote: »

I wandered lonely as a cloud

Androidlovers · 26-11-2012 03:13PM

Please dont say that you hit a Lottery of 15 million :-o

Curly Judge · 26-11-2012 03:29PM

Assuming that you have the self control not to spend any of the principal, I heard somewhere once that the right way to look at it is:
1% for yourself
1% for the tax man
1% for reinvestment. [to offset the effects of inflation]
So, You would end up with, roughly, 3,000 per week, tax free, in your hip pocket.
Think you can manage on that?

franktheplank · 26-11-2012 03:36PM

Curly Judge wrote: »

Assuming that you have the self control not to spend any of the principal, I heard somewhere once that the right way to look at it is:
1% for yourself
1% for the tax man
1% for reinvestment. [to offset the effects of inflation]
So, You would end up with, roughly, 3,000 per week, tax free, in your hip pocket.
Think you can manage on that?

I'd have to let a few people go but i suppose i could tighten the belt.

tonyheaney · 26-11-2012 06:49PM

oh ha ha ha some ones not getting laid i see

tonyheaney · 26-11-2012 06:51PM

is that per week or month or year?

tonyheaney · 26-11-2012 06:53PM

isn't the lotto Tax free?

Reloc8 · 26-11-2012 06:54PM

tonyheaney wrote: »

isn't the lotto Tax free?

Yes.

But you pay tax on interest accrued on sums on deposits, including sums you won on the lotto.

tonyheaney · 26-11-2012 06:55PM

no i just trying to think what to do with my winnings like

franktheplank · 26-11-2012 07:07PM

tonyheaney wrote: »

oh ha ha ha some ones not getting laid i see

tonyheaney wrote: »

is that per week or month or year?

Per year

/Bawling my eyes out.

tonyheaney · 26-11-2012 08:12PM

LOL hahaha

asherbassad · 26-11-2012 09:14PM

tonyheaney wrote: »

Hi I wander if any one could honestly tell me and all jokes aside how much weekly interest would I get from this weeks 15 million euro

You'd probably get 2% p.a., that's 300k a year.....so 6 grand a week. Buy's a lot of beer and kebabs :P

Remmy · 26-11-2012 09:16PM

If you won op, I'd have much interest. Where do you live btw?;)

3ndahalfof6 · 26-11-2012 09:20PM

Loads, you just entered babe city.

how much interest would i get

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