aurelius42
New Member
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- 9
@Brendan Burgess You've addressed the key concern here. @Premos And the lump sum on retirement will likely bring €130k or so. The ETF deemed disposal condition is what puts me off so maybe unit-linked is better though I've been burned before on such funds, even when across multiple investment sectors. My spouse (being disabled) may be exempt from DIRT but that's only deposit accounts? But I fully recognise the loss associated with the current plan.You have €900k worth of assets and a gold plated civil service pension.
There is no need for you to economise so long as you put the non-home assets to productive use.
This makes no sense. I full appreciate that you don't want the hassle of renting. I understand that you might not want to invest directly in shares.
But you have €500k earning you nothing - in fact, it's costing you.
Sell the buy to not let and invest all your money in a 100% equity ETF.
And if that is too much hassle, then buy an ordinary unit-linked fund.
It might be inefficient from a tax point of view, but getting 60% of a decent return is better than getting 100% of 0%.
Brendan
@Premos One thought we had was to sell the PPR (no tax arising) and extend the BTL to allow one of the children share with us - it's likely my spouse's disability will worsen and so some assistance would be welcome if all were in agreement. That would also help with that adult-child's search for accommodation. That was part of why I retained assets in cash to allow for that possible work - but retirement may be a few years away yet. I'm not concerned with economising, just when I could reasonably consider retiring.