That's XEON - a popular money market fund.
You will have instant access.
Tax is exit tax (41%, deemed disposal etc) rather than 33% DIRT.
There is no deposit protection. Capital at risk.
XEON tracks ESTR which is 3.90%. TER (total expenses) are 0.10%. Net return is approx. 3.80%.
Considered a low risk investment. The higher tax rate might be worth it given the higher return than most deposit products.
XEON can be purchased for free from certain brokers.
thus the return to me is ~3.8% - (41% in taxes)
Don't forget you have an annual CGT allowance meaning first 1270 is tax free. Plus any rolled over CGT losses can also be offset against it before you pay tax.
So someone with no other CGT gains/losses could earn the full 3.8% on a fund of approx 33k without paying tax.
Can I offset ETF gains against the annual CGT exemption (1270 eur)?
UCIT ETFs are absolutely nothing to do with CGT, tax and annual allowance.
As you were told previously:
Can I offset ETF gains against the annual CGT exemption (1270 eur)?
My understanding of this was that it was a Money Market fund, not an ETF. If I'm wrong then my apologies.
But seriously? pulling out a post from 2016 ?
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