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It's lovely to get experience from others on this! So that I can understand, with either Revolut or N26, you sign up for a business bank account, and pay monthly for that, correct? And a feature of those accounts is they offer you a debit card with good exchange rates and no non-euro...

I have a business AIB Visa credit card. My company pays for many services in USD on that card. That means we're paying at AIB's currency exchange rate. Does anyone have experience with a business-owned card (such as a Revolut pre-paid card) to help reduce foreign exchange fees? Any suggestions...

So here are the figures of my current top options: 1. Keep funds in former employer's scheme, 0.65% annual fee 2. Move funds to current employer's scheme, 1% annual fee I would have €10,700 less with the second option, after a hypothetical 30 years investment at 5% annual returns. Is it worth...

@RETIRED2017 Lower than what? The financial company has offered a 1% PRB with 98% allocation. Sounds like they're not prepared to go lower.

Thank you, your replies have convinced me to move out of my former employer's scheme, despite that being the lowest fees available to me. Yes, my current employer has a scheme I can move to, which is 1% annual management fee (despite it being a passive index fund I choose) and 100% allocation...

Hello, At a former employer's, I have €30,000 in an occupational pension scheme, at 0.65% annual management fees. 30 years till retirement. Are occupational pension schemes something you should move out of, for example into a personal retirement bond, because of possible complications of...

There's an American-based calculation for achieving financial independence. It's the "4% rule" http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/ The idea is you calculate how much your expenses will be, and treat that number as 4% of the money you should have...

@mrbrian You might be better off posting separately, and/or looking at the related forums here on AAM. If you sell the ETF units at a profit you will be liable to the exit tax (41%?) and will be liable for the "deemed disposal" tax each seven or eight years.

When signing up with Saxo, you can choose to go with their Danish-regulated or UK-regulated bank. I think Saxo UK's inactivity fee is £25 per quarter.

Leon, thanks for starting this discussion. I've exposed myself to a fair bit of American investment advice along the lines of financial independence, so it's frustrating to then realise unit funds like ETFs outside of pensions are taxed at 41%. I've been mulling over this point. My only...

I don't have an answer for you. But if you can find different options, then at least you could compare them to determin what's the best way for you. I've purchased iShares ETF units with Saxo Bank UK.

In the longterm, I would like to move to a house in a different area in Limerick City. The reason is that the current house is not covered for flooding insurance since it was classified to be in a "medium-risk" area for flooding. If a flood did occur and the house was written off, it would be...

401ks is for pensions. There's also tax relief on income in Ireland, up to certain limits, and after paying PRSI and USC for PAYE employees. Thanks, and that makes sense. What then determines the going price of the ETF? Is the value of a unit you own of an ETF growing because interest is being...

Thanks for sharing, Fella! It's nice to hear from people who've tried the same path. One reason I'm going with as few ETFs as possible is that you can't offset losses in one against another. So it's possible, if there's a bit loss, that you'll lose out on one ETF, but yet still have to pay tax...

I was reading this forum over a good number of months, and information is relatively scarce, so I thought it might help some potential investors hear of people who went ahead with purchasing ETFs. The basics of how I did it: Signed up for a stock brokering account with Saxo Bank UK. Once you...

Interesting view on paying off the mortage first. That does assume you're leaving time after paying the mortgage to then save up for their college. It's a tough question that I'm also dealing with for priorities, so I will be following this thread with interest. tvman - on the subject of ETFs...

Interesting discussion! I'd like to work this out. From what I understand, an ETF is unit fund. When you "invest in an ETF", you're purchasing a unit in that fund. The value of that unit can increase when dividends of the fund are re-invested, since you still own the same percentage of the...

@He-Man I have the same understanding. They'll use the dividends to purchase more of the index. Since the fund then owns more stocks, the value of each unit of the fund should also increase in value. I don't understand it enough to know why that would or wouldn't mean that an accumulating fund...

Sure, I agree with you that costs don't naturally go lower. But it does seem like there's room for a more efficient pensions marketplace. I don't want especially to pay my financial advisory €1,000 or whatever it is in first year's commision in return for giving the advice "Go with the Zurich...

Hi Stephen, I didn't even realise there were further costs outside of the management charge. But it makes sense. Zurich Life pay the administrators of whatever funds, be they actively managed, or index funds. So my TER is closer to 1.5+0.5%=2%. If I'm understanding correctly. The costs...