5 Places Your Money Needs To Go In Ireland In 2025 (How To Save Money)

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Information 5 Places Your Money Needs To Go In Ireland In 2025 (How To Save Money)

Title	:	5 Places Your Money Needs To Go In Ireland In 2025 (How To Save Money)
Lasting	:	20.17
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Views	:	15 rb

High Interest Savings Accounts 💰 br br► Try out Trade Republic*: tradere/Dan br► Try out Raisin Bank*: raisin-iepxfio/75jyRV br► Try out Lightyear*: lightyearapplink/Y3zETUMKdDb br brBrokerage Platforms 📈 br br► Try out Trade Republic*: tradere/Dan br► Try out Trading 212*: wwwtrading212com/invite/11QS32TKvw br► Try out Lightyear*: lightyearapplink/Y3zETUMKdDb br► Try out DEGIRO*: bitly/3wHqsmQ
Comment from : @malone_financial

If i buy only US ETF's , do i declare it on revenue ?
Comment from : @Lightplayz123

Is private pension same as AVC ?
Comment from : @Lightplayz123

First place your money must be is out of Ireland, unless your are a corporation 😂
Comment from : @sherman1989

private pension? what about if l want to take all my money from the private pension once l retired can you let us know how much interest or penalty l will get l am not agree private pension is the best option to safe money in long term investment is better also you have to pay taxes but less
Comment from : @Daniomerta

Great video Dan, thank you How does the 10 year government bond fair out against buying an index fund in Ireland? Every way I look at it, it makes more sense but I'm just an electrician so maybe I'm not seeing the obvious 😊
Comment from : @raycoss

Very good
Comment from : @martinagriffin1981

Very informative I've used state savings in the past and they were great but now the interest rate is crap just wondering what advice you have regarding re investment
Comment from : @martinagriffin1981

So I'm a bit new to the pension scheme so I need some advise: I'm starting a new job in Jan 2025 and one of the benefits my employer is offering is to contribute in the pension scheme The line quoted by my employer was "From the January 1st 2025, you are required to participate in the mandatory Company Defined Contribution Pension Scheme You will contribute a mandatory minimum 15 of your salary up to a maximum employee contribution of 6 The company will contribute a minimum 35 of your salary up to a maximum employer contribution of 8 of your salary"brbrMy question here being that the contribution from my end towards from the pension would be the only sum deducted from my salary or even the employer contribution goes from the salary itself, or the employer pays from their own pocket towards my pension? Sorry this question might sound very naive but I am so new to this
Comment from : @joelmhaske8185

You are a Genius!!!
Comment from : @lolitamargarita1

would you prioritize pension over getting on the property ladder?
Comment from : @cianmadigan2512

Trade republic has no customer support Beware
Comment from : @asierroa1861

All fun and games until the private pension firm goes bankrupt
Comment from : @anthonydoyle72

Great video man! Do you by chance know if the state matches private pension contributions for public servants? I am joining the civil service this summer and it's difficult to find a coherent answer to this online Cheers bud :)
Comment from : @EireDiplomat2024

Thanks for the video Malone from a foreign European expat living in Ireland For us a diverse community is essential for our future know how the Irish system works 👏👏👏👏
Comment from : @stetesta3161

Why do people say mortgage is low interest loan 56 mortgage and more than 50 of my payments are interest Mortgage is a con
Comment from : @toffee1889

Great content as always
Comment from : @rbsrafa

honestly i wish i had found you soooooner
Comment from : @ThatAsianDude

If you have non earned income, do you recommend putting some in a pension with no tax incentives?
Comment from : @roseoh9499

What will/do you do when your etf investments reach 8 years Do you sell and pay the tax or pay the tax with money earned from income?
Comment from : @rickrollie7366

Thanks for your video How are returns on foreign government/corporation bonds taxed in Ireland?
Comment from : @jonnywalker5361

Hi Thanks for your videos they are great Q If you earn a relatively low income say 30,000 would it be better to invest your money in the likes of ETFs compared to private pension as you cant really avail of the tax benefits a higher earner could and the EFT would be worth more by the time you come to retirement? Thanks
Comment from : @michaelrourke6544

Great content Dan, ty
Comment from : @maestro19965uy

Would you suggest any particular pension company over it's competitors? Or do the laws around pension schemes make it so there's no best option?
Comment from : @seamusmccartney5872

Thanks for the advice - set up a TR saving acc - 4 interest happy days!
Comment from : @rossdavis2294

Thank you for the videos, would you recommend a financial advisor for a 25 year old that is making above average salary?
Comment from : @damilolaalamu7561

Great video thank you
Comment from : @ColinHammond94

I am 45 and a higher rate PAYE tax payer Is there any benifit in paying more than 25 of my salary into my pension As I won’t get any further tax relief and will ultimately be paying the higher rate at drawdown , I can’t see any benifit in paying more than 25 Am I missing anything
Comment from : @ronanbrandon4990

Hi Dan Thanks for the video I am wondering about the exit tax on index funds I have bought some index funds on trade republic and I have a recurring transaction for trading 212 Obviously the recurring one (which is monthly) would mean that in 8 years’ time, I will have to pay the exit tax every month, which seems like a bit of a pain Can you provide me more details about this please?
Comment from : @frankflanagan8711

How much is the transfer cost of, let say 10000 from AIB or BOI to Trade Republic? I guess it is in Germany How do you do transfers in a cost efficient manner?
Comment from : @sebastianadler-vd6wh

I tried to leave a comment on here before but I think it may have been flagged for spam as I included a link to Reddit 😬 There seems to be some uncertainty as to how safe your money may actually be under Trade Republic as they're not making a separate new bank account for every new user who deposits money with them (which would be required for that 100k protection as I understand it) They instead put all the funds into one Escrow accountbrId love it if someone could offer some clarity on this part of things as Id love to dive into saving with them!
Comment from : @TheIrishWill

something i will add on traderepublic, if you are saving for a mortgage deposit in trade republic it will cost you 25 euro per quarter statement with trade republic something to keep in mind it may negate a good chunk of the interest depending on when you are applying for a mortgage or applying several times over a period
Comment from : @killiangleeson

Great video Dan, thank you as always! :)brbrI have been reading and looking for more information thanks to your videos that caught me investing :)brI wanted to know what you think about the "BED AND BREAKFAST" sale strategy to try and maximise our use of capital gains exemptions on stocks etc given the irish tax lawbrbrThanks again♥
Comment from : @mariavictoriagaimaropozzi118

Hi DanbrAre you using Trinx options as a platform for copy trading ?
Comment from : @willygire

Hello! Thanks for the content, really helpful The main thing that it's still stopping me from investing (apart from my corporate RSU and EPP) is the tax implications, especially taxes on interests and ETF I think that a video with guidelines about how to handle the tax aspects would be very useful, maybe specifying when paying an accountant is the best option Any link to a document, video or book would be great as well Thanks again for all your amazing work
Comment from : @cryistal

Very good Malone, thanks for that!
Comment from : @raphaelperissato

I see no value whatsoever in putting your money in a pension until you hit 60 Having your money locked away for potentially 30 years in a pension is awful idea Not to mention the money could get "lost" or you could get hit by a bus the next day and never see it
Comment from : @cesare4926

You accent is extremely similar to Keith Barry’s
Comment from : @johnmc3862

Another fantastic video With someone with a TR account I would love a video regarding tax implications (ie DIRT etc) Thanks and keep up the work!!
Comment from : @evanjames8727

Pension funds in ireland are not insured with the deposits guarantee scheme, although highly unlikely but if the likes of new ireland or zurich go bust u will lose every single penny Thought that shiuld of been mentioned
Comment from : @CKen1991

You save 40 tax and den dey will tax ur pension at 40 when u take it out,
Comment from : @CKen1991

Great and very informative video Malone!
Comment from : @Daniele_Irish

If I contribute 500 euros from my net pay to my pension, is the 20 that was deducted previously refunded?
Comment from : @KaelWindrider

Sage advice Malone Only one observation If you intend to reach financial independence before the retirement age (ie 66), you'll need a decent private investment fund to fund the gap In this case something like a 60/40 split (pension/private investment) would be a good balance
Comment from : @herrop

Trading 212 will offer money market account in January 2024 What do you think?
Comment from : @annmcgowan8417

Thanks for the excellent video with so much detailed info brbrWould you make a video related to self administered pensions? Also, the best method to take funds from your Limited company ie employee salary, invoicing the company as a sole trader etc?
Comment from : @keitho77

Thanks I do not understand why the emergency fund should not be "invested" partially or totally in an instant access saving account For some of us especially with kids emergency funds is quite significant, it's essential to protect it against inflation
Comment from : @locusta1280

agree on pension investments being a good way to invest for the long term while saving on taxes brHowever, investment choices tend to be limited when it comes to pension plans In most (perhaps all) cases I have found, they're limited to actively managed funds, which are much more expensive and as research has shown fail to beat the return from passively managed fundsbrAnd the AMC is quite high for pension plans at 15 or higher These high fees compound to astronomical numbers after 20-30 years or more, which is a very common timeframe for lifetime investmentsbrbrIn comparison, investing post-tax in index funds offers choices with fees as low as 01brbrThe ideal would be having the option to invest pre-tax in very low cost index funds If anyone knows how this is possible, please let me know, I haven't been able to find any 🙏
Comment from : @MD0886

Thanks so much for this video I was wondering if you think the private pension is necessary for a teacher or civil servant in Ireland as well?
Comment from : @jennastaunton2683

Great video again Dan 👏 Thank you 😊 Can i ask what is the difference between private pension vs a PRSA ? Or are they both the same thing brAlso if i go with my employers private pension offering and if i leave the job i might not have access to it so holding it back to opening a PRSA account What would you suggest ?
Comment from : @PereiraShane

I hope you got your commission when I opened my account with Trade Republic a couple of months ago 😇brbrI thought interest would go higher
Comment from : @TheSimArchitect