That’s how I’d look at it too. If you have nothing else you need the money for I’d do it given returns on bank accounts. If the shares have gone up a bit happy days. I assume that you get your money back if you leave before the 3 years are up.Very strange advice.
This sounds like a Save As You Earn scheme (‘SAYE’). I hate the term ‘no brainer’, but these are usually a no brainer.
You commit to an amount per month, capped at €500 for a minimum of three years. You can get interest of up to two months’ contributions on a three year savings plan (with no DIRT). The exercise price can be up to 25% below the market price at grant.
And there’s no income tax on any gain, just USC and PRSI. And if the share price has tanked, you can just take your money back.
The ‘not investing in your employer’ stuff is completely irrelevant. SAYEs are a free option. You’re not buying one share! You’re setting aside an amount of money for 3 years, after which, if the share price has gone up you can say “I’ll have that free money please”, and if it’s gone down you can say “I’ll have my money back please”. It’s a free bet.
I assume that you get your money back if you leave before the 3 years are up.
Hi all
Just looking for members opinions. I work for an irish financial institution and have the option to participate in a share option scheme. the scheme gives me the option to invest money up to 500 euro a month and after 3 years I can decide wether to buy shares with my savings at the June 2020 share price. If the share price in 3 years is higher than in June 2020 I will make a gain and if lower I just keep my savings. I plan to invest our Children allowance to help towards third level fees in the future. Essentially would you invest in a companies share option scheme or invest in an index fund . All advices appreciated
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