Hi,
I would appreciate any advice. I have cashed in some savings certs in the region of €80000. I have a pre-2001 product called a PIP which has a lower rate of exit tax (20%) than more recent products. This PIP is doing better recently than in the past. Is this the best place to put the lump sum? I would plan to draw out of this fund in 5 - 10 years for children's education but was thinking that rather than open up a new investment product, it would be better to 'top up' existing PIP. If I choose to not consider funding education via this lump sum would I be wise to consider topping up my AVCs and avail of tax relief. I am in the age 50 plus bracket.
Thank you.
I would appreciate any advice. I have cashed in some savings certs in the region of €80000. I have a pre-2001 product called a PIP which has a lower rate of exit tax (20%) than more recent products. This PIP is doing better recently than in the past. Is this the best place to put the lump sum? I would plan to draw out of this fund in 5 - 10 years for children's education but was thinking that rather than open up a new investment product, it would be better to 'top up' existing PIP. If I choose to not consider funding education via this lump sum would I be wise to consider topping up my AVCs and avail of tax relief. I am in the age 50 plus bracket.
Thank you.