Trying to get my head around this one and would appreciate if someone who has a better knowledge of how to calculate rates to give me some advice.
UB are trying to sell me the Index Growth Tracker Bond Series 2 but have told them I am already considering the 5 and a half year State Savings Cert.
On a like for like basis I calculate a return of €21k over 5 anda half years on my my €100k on the Savings Cert into my hand with no tax and approx €3818 pa
Without taking into consideration the 7.5% tracker bonus with UB am I correct in saying the return on the same €100k would be €100k @ 18% less 30% DIRT equalling €12600 over the 5 year term.
Including the bonus should it apply after the 5 years what would the total interest less DIRT be on the €100k.
Thanks
UB are trying to sell me the Index Growth Tracker Bond Series 2 but have told them I am already considering the 5 and a half year State Savings Cert.
On a like for like basis I calculate a return of €21k over 5 anda half years on my my €100k on the Savings Cert into my hand with no tax and approx €3818 pa
Without taking into consideration the 7.5% tracker bonus with UB am I correct in saying the return on the same €100k would be €100k @ 18% less 30% DIRT equalling €12600 over the 5 year term.
Including the bonus should it apply after the 5 years what would the total interest less DIRT be on the €100k.
Thanks