Kel Galavan

But how high is that fee?

Yeah.

And then if you do put money in, do you have to leave it for a certain length of time?

Do you have access to it?

And if something like that is in play, well, then are there penalties if you do take that money out?

Like there's so many different questions and they're not negative questions.

They're just comprehension questions to get clarity, because I think people deserve to really understand something before they put their hard earned cash into it.

Yeah, you heard that.

OK.

So, yes, when I saw that headline, I was looking at it and I kind of doubted myself for a second.

I was like, why is this a headline?

Why is this a soundbite?

Because, right, we all know we pay tax.

And different types of income and different types of things are subject to different types of tax.

So VAT is one and our income tax is another and USC is another.

And PRSI, we have all of these different tax and on our savings, we paid 33%.

When it comes to assets, when it comes to different types of investments, we have more than one type of tax.

The one people are most familiar with would be capital gains tax, and that's 33%.

Now, what falls under capital gains tax are things like housing.

things like individual shares, things like cryptocurrency, a lot of the assets, even whiskey, gold, that kind of thing, they all fall under that 33%, as do some types of products such as exchange traded commodities, exchange traded notes, ETCs and ETNs.