Hi, I'm in the same situation as Olivia, I'm
trying to figure out whether the best place
to invest a lump sum would be in the quinn
freeway funds or directly in an ETF.
As far as I can see, quinn's charges are
the annual 1-1.5% management fee,
and captial gains of 23% every eight
years or when I leave the fund.
After the cost of initially buying into an ETF,
the management charges for these seem typically
lower at 0.5% or so. However, I gather
that dividends will be taxed at my marginal
tax rate (after an annual capital gains allowance
of 1270 euros).
However, I am still unclear how dividends are taxed in
irish funds such as quinn's. Any dividends are reinvested
back into the fund by Quinn.
However, does Quinn pay tax on the dividends to the Government
before it does this?
Or are such reinvested dividends exempted from such tax?
If Quinn pays tax on the dividends at the lower
tax rate, do higher rate tax payers incur a tax liability for
the difference?