+34
Beginner investors ponder whether to wait until the Government announces personal investment scheme on budget day
In a July episode of the Better with Money podcast, Kevin Elliott – a certified financial planner with experience in global finance – shared the checklist he uses when trying to select an exchange traded fund from the vast array available on popular broker apps.
ETFs are particularly appealing to novice Irish investors because they offer a simple, low-cost way of spreading money across hundreds of companies. This reduces risk by providing “instant diversification” rather than choosing individual stocks that will go up or down in value. But despite their simplicity, ETFs still represent a significant tax-reporting headache for investors in the Republic.
It prompted listeners to Elliott’s episode to get in touch with several follow-up questions, including whether they should wait for Minister for Finance Simon Harris to announce his proposed personal investment account. The details, which are being held back until Budget 2027 on October 6th, will set out a more simplified tax regime as a means of encouraging ordinary savers to move their money into the stock market.
“I get asked this by almost every client that I have,” says Elliott, founder of Kevin Elliott Wealth and who runs the popular YouTube channel of the same name. In this conversation, the former director of quantitative finance at Bank of America gives his take on whether the new scheme will help “middle Ireland”. He uses the equivalent United Kingdom ISA and Swedish ISK schemes as a reference point to compare the likely structure and flat tax rate.
The Donegal native also explains why he expects financial institutions will levy higher charges on operating the new account relative to those currently applied by the online trading platforms. He offers practical tips for tracking exit tax, outlines why euro cost averaging might be better for peace of mind than lump sum investing, and notes United States citizens and green card holders generally can’t buy European Union domiciled ETFs due to rules set out by the US’s inland revenue service.
Oprah Winfrey in Dublin: ‘How do you reach the highest, truest expression of yourself? ’In the News PodcastWhat’s the best way to make Ireland more equal?
‘The Big Four wha? ’ Justine Megan on navigating class, accents and leaving law for comedy‘I did the deed with the girlfriend of a very good friend and it’s been bothering my conscience lately’ Listen to ‘I did the deed with the girlfriend of a very good friend and it’s been bothering my conscience lately’As Leo Cullen prepares for his final season in charge, why haven’t Leinster strengthened? Thinking of buying a derelict property to create your dream home?
Here’s what you need to know Listen to Thinking of buying a derelict property to create your dream home? Here’s what you need to know‘Sending just one secondary school child back to school could cost more than €1,000′MOST READIrishman in Lapland: ‘I bought a house for €32,000. It’s a magic place to live’My body still thinks I’m pregnant but I’m miscarryingLiam Nolan got a taste for the big time at the Irish Open.
Now he’s chasing more of itIrish man linked to Cyprus assassination plot still in custody as other suspects released
Please follow us on Google to support usIreland Latest News, Ireland Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Surging energy prices set to exert further pressure on GovernmentClamour is becoming louder for a budget that will help families navigate a difficult winter
Read more »
Centre-left camp poised for victory in Swedish electionExit polls suggest change of government to be led by Social Democrats
Read more »
Trump ends Irish visit with tariff relief for whiskey and praise for hospitalityUS president Donald Trump concluded his two-day visit to Ireland by announcing the removal of tariffs on Irish whiskey. He praised the Irish people's hospitality while acknowledging business challenges with some locals. Trump's surprise decision is expected to boost trade relations, with exports to the US valued at €450 million in 2025. The Irish government and golfer Shane Lowry welcomed the announcement, though the visit was overshadowed by protests regarding US policy on Gaza.
Read more »
Global stocks fall amid surge in oil prices and rising government bond yieldsTechnology stocks under pressure as leaders of top AI companies push for slower pace of development
Read more »