lightanddark
New member
Im 23 y/o who began entry level civil service job last year on a decent salary and the associated pension.
I’ve got a significant amount of cash left over every month after necessary expenses are accounted for. Currently have 1k p/m going into a BOI deposit a/c at 3% AER. I’m fully aware this isn’t the most efficient savings vehicle but I’m put off investing significant amounts into ETFs because of the onerous tax obligations. I’ve looked into setting up my own portfolio with investment trusts etc on platforms like T212 but again the CGT tax reporting obligations for someone like me who wants to drip in x amount every month rather than a lump seem daunting (having to account for each individual transaction). It appears that revenue make things deliberately vague and jargon-filled to scare people off.
I’m new to the whole investment scene so any advice on how to get the most out of medium-term savings/investments or how to simplify associated tax returns would be appreciated.
I’ve got a significant amount of cash left over every month after necessary expenses are accounted for. Currently have 1k p/m going into a BOI deposit a/c at 3% AER. I’m fully aware this isn’t the most efficient savings vehicle but I’m put off investing significant amounts into ETFs because of the onerous tax obligations. I’ve looked into setting up my own portfolio with investment trusts etc on platforms like T212 but again the CGT tax reporting obligations for someone like me who wants to drip in x amount every month rather than a lump seem daunting (having to account for each individual transaction). It appears that revenue make things deliberately vague and jargon-filled to scare people off.
I’m new to the whole investment scene so any advice on how to get the most out of medium-term savings/investments or how to simplify associated tax returns would be appreciated.