No, Vanguard has a range of publicly available, Irish-domiciled funds.If anyone knows whether standard life the only mechanism available in ireland to access Vanguard?
Yes, the Standard Life wrapper has a cost.Does that make a difference to the fees and charges.
Yes, the 1% levy still applies.does the government levy still apply to non pension investments in life companies?
Close!Ballpark figure for Vanguard All World ETF would be, I'm guessing, approx 0.15-0.2%.
aapd,
To add to the information already offered:
One can purchase Vanguard ETFs through most brokerages (there are Irish-based brokers (eg Davy), or online ones; of these, DeGiro seem to be the cheapest and do seem to be attracting a good number of Irish clients).
For an Irish tax-payer, ETFs should come with something of a caveat; the tax implications could be seen as onerous (there is a good deal of information on AAM about this). If you are happy to purchase the ETFs via a broker and deal with the tax reporting yourself (or pay an accountant to do so; although you would still need to keep a record of purchases etc.) then a Vanguard ETF would do almost exactly what the Standard Life Vanguard funds will do. The ETFs will be cheaper (JustETF is a good site for finding out charges) but you will have to look after your tax affairs yourself. Ballpark figure for Vanguard All World ETF would be, I'm guessing, approx 0.15-0.2%. The Standard Life Vanguard All World is 0.9%; these are basically the same product, so, as you can see, Standard Life is more expensive.
The pros of the Standard Life offering are
1. They look after all the tax implications; they will deduct tax at source as it becomes due. Less hassle for the client.
2. You can purchase via direct debit; set it up and let it run. You pull the trigger once and, aside from any re-balancing/increases/decreases you may wish to make, it's basically a 'set it and forget it' option, should you so wish. I suppose how much one values this option depends on one's viewpoint.
Hope that's useful.
Cormac
Yes, the 8-year deemed disposal is applicable to linked life assurance funds.
The good news is the life company will calculate and remit the tax for you.
Bear in mind that you also have to pay a 1% Government levy on all premium payments.
Thanks Sarenco
Weighing up the pros and cons of buying an ETF directly or through someone like Standard Life.
If it was an accumulating ETF and the plan was to sell it in 7-8 years, then I would only have one taxable event to deal with when I sell it.
The 8-year deemed disposal charge is less of a 'deterrent' then and also removes having to manage annual tax returns on any dividends.
It will also mean that you "have to" sell in 8 years - which may or may not be an opportune time to sell
Anyone who "had" to sell in January 2020 would have done well, anyone who "had" to sell in March 2020 didn't
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