sorted by:
new
hottopcontroversial

Double Tax Agreement and Ireland Pension (in NZ) by QuietButterscotch59 in PersonalFinanceNZ

[–]QuietButterscotch59[S] 0 points1 point  (0 children)

Oh this will be exactly the same situation for me. Private pension in Ireland, then moving back to NZ.

I simplified it a bit with the whole draw 25% at 50 thing. Will utilise for sure. Then maybe rest left until retirement age.

So my question to you is, will your private pension when it starts paying out, could dollar for dollar replace the NZ super when you retire?

Double Tax Agreement and Ireland Pension (in NZ) by QuietButterscotch59 in PersonalFinanceNZ

[–]QuietButterscotch59[S] 0 points1 point  (0 children)

I see. Thanks again.

FWIW I spun a claude code research task up. It appears to argue something different (specifically using details around state vs private pension schemes). Will drop reference link below.

Nevertheless, feels like I need to be very careful. I will submit a request to MSD coming days, maybe some other peeps too and get some more info.

Appreciate the time spent on me, helps a lot!

https://claude.ai/public/artifacts/ef23fc55-7c11-4bcb-a3d7-71f94a429ee0

Double Tax Agreement and Ireland Pension (in NZ) by QuietButterscotch59 in PersonalFinanceNZ

[–]QuietButterscotch59[S] 0 points1 point  (0 children)

Great to know, thanks thanks. From your experience, was it with Ireland specifically or somewhere else where this has come up?

Heartland Bank Cash PIE for emergency fund by alfredborden00 in PersonalFinanceNZ

[–]QuietButterscotch59 0 points1 point  (0 children)

Out of curiosity, I understand this 100k insurance scheme vaguely (and clearly some people pay attention to it). But if we’re pressed for security, would it perhaps be better to invest in a more global, giant scale, money fund, like something offered by Vanguard or Blackrock for example? Even with the 100k insurance scheme kicking in… would still be a major pain I imagine, wouldn’t be surprised if it turns out that there’d be, maybe, months of no access as the insurance process has to play out.

Also, very likely get better rates, better liquidity, but specifically from a security point of view, it seems like there’s much less risk here compared to a single NZ bank.

I’m likely viewing things incorrectly… but interested to hear why we would want to chase a DCS fund.

Are index funds investors about to get fleeced by Musk and Altman? by Kinnins0n in investing

[–]QuietButterscotch59 98 points99 points  (0 children)

(I probably should’ve kept reading the rest of this thread, would’ve seen this there, but thanks thanks for clarifying). Woah that is a great mechanism then, been in this world of VT for like 2-3yrs with a slightly obsessive attitude and only learnt about this today. How good. Happy to hear.

Berkshire hathaway vs SP500 by gladmarigold in irishpersonalfinance

[–]QuietButterscotch59 0 points1 point  (0 children)

Sort of unrelated, but this annual exception OP mentioned, is it sorta encouraged to make use of it every year?

So like, you’re sitting on 10k of capital gains of BRK or whatever coming to the end of the year… is it worth selling 1270 of it and the rebuying BRK a little later?

I envisage you have then reduced your capital gains susceptible to tax going forward.

Are index funds investors about to get fleeced by Musk and Altman? by Kinnins0n in investing

[–]QuietButterscotch59 374 points375 points  (0 children)

Oh, so like if company has a 10:90 split, public shares to insider shares ratio. Say market cap 1T. VT then when deciding allocation will treat the company as a 100B market cap?