Aideen Finnegan

So the capital gains, the exit tax, the deemed disposal, is that on the profit you make so that the amount you put in is...

Is there a threshold up to which you don't pay tax and then the profit on top of that is what gets taxed at 38%?

Exactly.

100.

100 euro in.

Wow.

So you really need to be dealing with big sums of money to make it worth it.

This wouldn't be for, like when you say it's unsuitable for most people, is that why?

Right, I got it.

Coming up, how to start investing without waiting for the Simon Harris scheme.

Kel, I'm not clear on whether you have to have a lump sum or can you pay a small amount each month?

Like what type of investing is for which way of doing it?

And are they paying better interest on savings than the Irish banks?

In general, absolutely, yes.

Oh, wow.

Okay.

Yes.

Kel, let's say we have done what you have said there, built up a rainy day fund, you know, money going into the pension, that kind of thing.

Have a couple of, I don't know, prize bonds, like you said.

But let's say I have a thousand euro today that I think let's put this somewhere that there are good odds it'll do a decent return in five years time.