Investing in a fund outside of Ireland

[Dave Vanian]

Following the recent 0.6% levy on Irish pension funds, I'm looking at possible alternatives for both pension and non-pension money. I live and work in Ireland, pay tax here etc. If I open a bank account or investment fund as a non-resident in another country, are there tax implications for me here?

 

[Rory Gillen]

If you are resident in Ireland, you are liable to tax here - it does not matter where you buy a stock or fund.

Rory Gillen

 

[Dave Vanian]

Thanks Rory. I've no problem paying the same taxes as anyone investing in Irish retail funds. I'm just wondering if there's any additional taxes payable because I'm investing in a fund outside of Ireland.

Basically I'm looking at options to keep my money as far from the hands of the Irish Government as I can, in case they decide their next levy should be on funds, or deposit accounts.