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Press & News

Eddie Hobbs, recommends QUINN-life Pensions on RTE's The Afternoon Show

In Eddie's opinion, the best way of investing in shares is to use 'index tracking funds' which enable you to invest across 650 of the largest companies in Europe, the UK and the United States. You can do this by calling a company called QUINN-life, based in Cavan, who will send you out a form and you can register with the company, stating how much money per month you would like to invest in the shares. This money will be direct debited out of your account each month and QUINN-life manage the money and buy your shares for you.

The same tax limits apply as the "normal" pension above, ie. 15 percent of your net savings for under-30s etc. These shares will rise, hopefully, and QUINN-life will sell the shares at the end. Again, you can take out 25 percent of your money without paying tax when you reach 60 and after that you can expect to pay tax at your marginal rate.

The advantage of investing in equity funds is that the shares should outperform the "normal" pension by two percent a year.

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