If what you say is correct I don't know how it could be worked out what we would owe, but there must be countless people out there who have no idea these things are in fact taxable, when all said and done
Isn't it the interest on maturity that applies here? If you are reinvesting some of the income that doesn't reduce your calculation.As long as the amount of interest that you actually receive (as opposed to rolling it over) doesn't bring you over the €36k exemption threshold in any single year, there's no issue.
Yes (or interest that's earned on an early redemption) but not interest that accrues (or rolls up) in the meantime. Sorry, my previous post was probably misleading.Isn't it the interest on maturity that applies here?
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