PRSA and Vanguard UCITS ETF

[Shane Molloy]

Hi,

If i have a execution-only PRSA in Ireland and buy, e.g. Vanguard F&P 500 UCIT ETF shares on a monthly basis do I need to do any tax paperwork before retirement? I'm new to investing and researching a lot but at my current knowledge level I want to go for a low cost fund as opposed to previously being guided towards the broker's own funds (not surprisingly) upon signup.

I have read Vanguard UCITS ETFs require tax paperwork if you re-invest dividends as it isn't done automatically (correct me if i'm wrong?) but not sure this applies to PRSAs that can't be drawn down until retirement.

My knowledge of doing tax paperwork on investments is pretty much nill!

Thanks

 

[Steven Barrett]

Hi Shane

If you are buying through a PRSA structure, you only need to claim tax relief on the pension contributions that you make.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)

 

[Shane Molloy]

Thanks Steven.