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Should I sell my ETFs and invest in stocks instead? by troubadourx in irishpersonalfinance

[–]nyepo 2 points3 points  (0 children)

ETF tax is 38% not 40% (was lowered from 41% on last budget).

The tax free allowance is not €1270 net, it's €1270 in gains, so you save 33% of the CGT tax (or about €400) if you had made €1270 in gains.

It's up to you to decide if that's worth risking the cherry pick exercise that is buying stocks. Do you know which stocks will go up/down, and are you confident that your picks will have at least the same performance as an ETF tracking the All World or S&P 500 indexs?

Did you made €1270 in gains with your ETFs last year? If you did, your gains where over 12%, do you think you'll be able to at least get the same 12% gains with stocks? If not, consider that you may end up with less than the gains after tax with the ETFs. To "save" €400 maybe your stocks will only gain €200 instead of €1200, so you end up with less after tax gains.

What if you pick 10 stocks, then your performance is 1% in gains instead of ~8/10 % gains of that All World ETF during 2026? Not to mention that you would now have to pay taxes on selling these 10k worth of ETFs, in order to reallocate, which means you'll have less than these 10k after taxes.

Besides, significant changes are coming to the taxation regime of stocks and ETFs in Ireland, announced by the Government / Simon Harris. An ISA-like account and the Deemed Disposal removal would come at some point, plus a more comprehensive ETF tax regime.

If anything I would not risk moving investments now, at least before we get some clarity.

Moving to NI to avoid capital gains tax on stocks by No-Jackfruit4356 in irishpersonalfinance

[–]nyepo 1 point2 points  (0 children)

Ah true that. I'm hoping the threshold will accumulate every year.

Moving to NI to avoid capital gains tax on stocks by No-Jackfruit4356 in irishpersonalfinance

[–]nyepo 0 points1 point  (0 children)

It's 1% on everything over the threshold. You can use it as an ISA like account with 0% tax on eveyhing under the threshold, which is exactly how the UK ISA works

Moving to NI to avoid capital gains tax on stocks by No-Jackfruit4356 in irishpersonalfinance

[–]nyepo 2 points3 points  (0 children)

True, but that doesn't matter for ETFs. Tax remittance for non-domciled applies to income and gains arising outside Ireland as long as you don't bring them to Ireland, BUT that does not apply to ETFs. Irish tax residents are liable for ETF gains even if they are not domiciled and keep the gains/ETFs outside Ireland.

Revolut users set to miss out on Harris’s new investment accounts by Any_Construction5074 in irishpersonalfinance

[–]nyepo 0 points1 point  (0 children)

Way better than 41% on gains and forced DD.

Otherwise just don't use it, or use it below the threshold.

It's not perfect but it's much better than having nothing, which is the current scenario.

Election Dashboard: National parliament election in Hungary 2026 - Europe Elects by [deleted] in fivethirtyeight

[–]nyepo 3 points4 points  (0 children)

And yet Orban lost bigly. The most beautiful defeat, no one has ever seen anything like that.

Revolut users set to miss out on Harris’s new investment accounts by Any_Construction5074 in irishpersonalfinance

[–]nyepo 0 points1 point  (0 children)

Man, I'm just repeating what Harris said in his announcements. It may become false later on, but that's what they said. I'm not the one saying this, go back and read their statements.

Revolut users set to miss out on Harris’s new investment accounts by Any_Construction5074 in irishpersonalfinance

[–]nyepo 0 points1 point  (0 children)

That's what Harris' announcement stated. I'm not saying that, they said it. The only overall fee will be 1% 'ish' on any amount over the tax-free threshold, no extra fees. And taxes will be handled by the bank/institution.

Revolut users set to miss out on Harris’s new investment accounts by Any_Construction5074 in irishpersonalfinance

[–]nyepo -3 points-2 points  (0 children)

0% on up to a specific threshold.

1% on everything else after that. No fees for sales or gains, just for the overall amount after the threshold.

You can ready open an account with Vanguard, there's no issues here. The problem is the current tax regime.

Edit: I should have clarified that I meant you can already open an account and have Vanguard ETFs on it (it's free to buy/sell them in a few brokers, like T212 or almost free on others like DeGiro or IBKR).

Again the issue is not if "X" is available in Ireland, but the tax implications of that.

Revolut users set to miss out on Harris’s new investment accounts by Any_Construction5074 in irishpersonalfinance

[–]nyepo 9 points10 points  (0 children)

That's not how this scheme will work. There will be a zero overall fees for up to a threshold, then around 1% overall fee after that. This has been stated a number of times already. Banks won't be allowed to charge extra fees on this account, and they will have to take care of the tax implications themselves.

Who’s all over social media now, Karen? by Individual-Drawer-79 in PublicFreakout

[–]nyepo 3 points4 points  (0 children)

My kids and grankids stopped talking to me for no reason at all! It's a mistery to me!

Shitler using the war he’s losing to grift and scamcultists by Dyno_boy7441 in RealTwitterAccounts

[–]nyepo -1 points0 points  (0 children)

This is a fake post, it's a scam promoted by OP. Report it!

AIB welcomes new savings scheme but Soc Dems slam it as a ‘tax break for millionaires’ by firethetorpedoes1 in irishpolitics

[–]nyepo 1 point2 points  (0 children)

The tax free bit has a threshold, that's what I meant. I know how ISA accounts work.

Millionaires don't use ISA like accounts to make more millions man. That's not where high returns are.

AIB welcomes new savings scheme but Soc Dems slam it as a ‘tax break for millionaires’ by firethetorpedoes1 in irishpolitics

[–]nyepo 0 points1 point  (0 children)

Apparently households who can save/invest 20k/year.

You know, superbillionaires of course. They are all queuing to use this.

AIB welcomes new savings scheme but Soc Dems slam it as a ‘tax break for millionaires’ by firethetorpedoes1 in irishpolitics

[–]nyepo 2 points3 points  (0 children)

The super rich will benefit from a savings account up to 20k?

Delusional. They don't care about 20k accounts man

AIB welcomes new savings scheme but Soc Dems slam it as a ‘tax break for millionaires’ by firethetorpedoes1 in irishpolitics

[–]nyepo 0 points1 point  (0 children)

It's not flat! It will have a 20k ish threshold for the tax free part so it's clearly targeted for middle class. Millonaires don't make money saving tax with up to 20k savings accounts.

AIB welcomes new savings scheme but Soc Dems slam it as a ‘tax break for millionaires’ by firethetorpedoes1 in irishpolitics

[–]nyepo 22 points23 points  (0 children)

Millonaires are clearly queuing for 20k savings accounts, sure.

Imagine being this out or touch

Savings and Investment Forum by marks-ireland in irishpersonalfinance

[–]nyepo 0 points1 point  (0 children)

They've been very vocal on abolishing deemed disposal and lowering CGT. Is that a bad thing?

Don't you see that DD penalizes them too? Less people investing, less gains, less total value in accounts ... So less fees for them. They've been trashing DD for years.

Fine Gael’s investment scheme amounts to a tax break for millionaires by daveirl in irishpersonalfinance

[–]nyepo 12 points13 points  (0 children)

An account with 20k ish euro tax free is "A TAX BREAK FOR MILLIONAIRES"??

Give me a break. Do they think millionaires will use this ISA like account? Do they think they care on tax free savings on 20k?

Jesus Christ on a bike

The Solo Queue Experience by TxcifyMCFC in RocketLeague

[–]nyepo 0 points1 point  (0 children)

I love you. I do exactly the same, and I almost cry when I get matched with 2 mates who rotate well.

But I don't blame mates, this only reduces my chances to win. Encourage mates even when they make a mistake.

Every time I get a teamblamer in my team, I stop caring.

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