Things didn't go to plan there were alot of Lay offs in this time. I also forgot I posted about this.What's changed since you posted a similar question in late 2019?
Thanks, I'm not savy enough to invest in stocks myself but I'll look into a Decent fund with decent returns. i only found out recently as non resident you're not allowed start a pension in Ireland. Due to the nature of the job I'm not usually in one place long enough to gain residency and at the moment I'm in Africa and talking to some of the local lads their pensions don't perform too well.The only advantage of having a pension is not to pay tax on the money earned. If you pay irish (or another country's) tax, I don't see why you cannot have a Irish pension etc. Otherwise you could invest money yourself using a stockbroker etc.
Edit, I see you have rental property in Ireland. There is no pension tax relief on rental income.
You don't need to be. You could just buy shares in one or two already diversified conglomerate companies and sit on that investment long term. Over the long term the charges, tax and returns are likely to be significantly better than something like a unit linked fund. More on my opinion on this here...Thanks, I'm not savy enough to invest in stocks myself
I still have one I had to sell the other its in Ireland. I will keep this (hopefully)What happened to the couple of rentals. Are these in Ireland?
If you are paying tax on it, you should be getting Class S PRSI Insurable weeks. Which might entitle you to a Contributory State Pension, if you have enough.
So no Contrib State Pension and probably too old now to buildup enough insurable weeks.@Conall2
"Who does not pay Class S PRSI?
The following people do not pay PRSI at Class S:
- People classified by the Office of the Revenue Commissioners as non-residents who hold solely unearned income."
There's no "best fund" for all scenarios.Is there any posts on the best fund to invest in? and I assume the funds will look after everything or is it like buying a share in the fund?
Do you mean just buy them through the likes of degiro or something along those lines?There's no "best fund" for all scenarios.
Managed/unit linked funds generally look after everything but that means paying more charges and higher taxes than direct share investments.
You could be cutting your nose off to spite your face by investing long term in a managed/unit linked fund rather than investing directly in shares.
Pension advice - non-resident I am apparently not able to start a pension in Ireland?
Hi All, Excuse if this is in the wrong forum. I'm looking for advice on pension planning. I work at sea (and probably extremely late in planning for retirement at 47) I just found out that due to being non-resident I am apparently not able to start a pension in Ireland. What are the alternative...www.askaboutmoney.com
Any broker, yes.Do you mean just buy them through the likes of degiro or something along those lines?
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