S suicra05 Registered User Messages 256 15 Jun 2016 #1 Is the 3 year term Raison account of 1.48% better value than the 3 year state bond of new rate of .33% aer - 1.00% total return ?
Is the 3 year term Raison account of 1.48% better value than the 3 year state bond of new rate of .33% aer - 1.00% total return ?
L Lightning Registered User Messages 5,612 15 Jun 2016 #2 Yes. Significantly better. The NTMA pay 0.33% AER fixed tax free which is the 'grossed up equivalent' of paying 0.56% AER fixed if you are taxed at 41%. Alior Bank via Raisin pay 1.48% AER fixed.
Yes. Significantly better. The NTMA pay 0.33% AER fixed tax free which is the 'grossed up equivalent' of paying 0.56% AER fixed if you are taxed at 41%. Alior Bank via Raisin pay 1.48% AER fixed.
B Boyd Registered User Messages 1,611 15 Jun 2016 #3 Am I correct in thinking you only need to inform the revenue of interest at the end of the tern, not each year?
Am I correct in thinking you only need to inform the revenue of interest at the end of the tern, not each year?
L Lightning Registered User Messages 5,612 19 Jun 2016 #4 Yes, you only need to inform the Revenue when you get paid interest.
G Gordon Gekko Registered User Messages 7,936 19 Jun 2016 #5 People rarely do this, but you are supposed to tell Revenue when you open a foreign bank account. From memory, it's makes you a chargeable person (i.e. obliged to submit an income tax return).
People rarely do this, but you are supposed to tell Revenue when you open a foreign bank account. From memory, it's makes you a chargeable person (i.e. obliged to submit an income tax return).