You need to use An Post to invest/encash with Quinn.
Could you explain this please? why would anyone have to use An Post?
Slim
I invested 4K in a rabo fun (india) in May 07, I am pleased to say that it is now showing a profit of 575 approx. If I decide to sell now, what charges do I pay ?
If your units are now worth €4575 then I think you'll pay:
0.75% of €4575, €34.31, to Rabo and 23% of 540.69 (profit after charges), €124.36, to the Revenue.
So €158.67 in total?
Disclaimer: Please don't take this as gospel. Especially the tax bit! I have neither qualifications nor experience in doing taxes!
Anyone else care to comment on my calculation?
The 23% (not DIRT, which is currently 20% fyi) is an exit tax on funds, and payable every eight years (or when encashed) iirc. The €1270 CGT exemption is exactly that - i.e. it is for capital gains. Unit-linked funds are not liable for CGT.
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