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Self-directed pensions FAQs
- How often is the self-directed pension valued?
- What share price do I get when I buy or sell?
- When do I find out what share prices has been applied to the trade?
- Is there stockbroker’s commission and stamp duty applied to the cost of the shares?
- What is the allocation rate?
- Do I get the value of dividends?
- What happens if there is a Corporate Action?
- Can I invest in the QUINN-life Freeway funds?
How often is the Self-directed pension valued?
The portfolio is valued each working day. The valuation is based on the close of business share prices for the previous working day. Valuations can be obtained by emailing info@quinn-life.com or phoning 1850-77-1851.
What share price do I get when I buy or sell?
When we receive your instruction to trade, we send the instruction to our broker. The buy or sell will be done at the prices quoted at that time.
When do I find out what share prices has been applied to the trade?
We will send you a transaction statement on the working day following the transaction. This will confirm the transaction share prices.
Is there stockbroker’s commission and stamp duty applied to the cost of the shares?
Yes. QUINN-life has negotiated a highly competitive commission rate with our Brokers. The current commission rate is 20 basis points, that is 0.20%, on the value of a share buy or sell. Any third party stamp duty or levies applicable to the particular share trade are also chargeable to your portfolio. Third party charges may change but we will notify you in advance of any change.
What is the allocation rate?
The allocation rate is the percentage of the investor’s initial cash or capital outlay that goes towards the actual investment. The allocation rate for QUINN-life self-directed pensions is 100%.
Do I get the value of dividends?
Yes. Dividends will be applied to your portfolio when they are received. The dividends will be net of any applicable overseas withholding tax.There will be no Irish tax deducted.
What happens if there is a Corporate Action?
Generally, the default option on the corporate action will apply. Bonus issues will be automatically applied to your portfolio. Rights issues are not taken up unless we are specifically instructed to do so. If you have queries in relation to certain corporate actions, contact info@quinn-life.com or phone 1850-77-1851.
Can I invest in the QUINN-life Freeway funds?
Yes. The administration charge is 1.5% on Self-directed pensions. Where the customer is invested in a regular QUINN-life fund through a Self-directed pension, the inherent charge on the fund is calculated first and incorporated in the fund unit price. Any additional charge due to make up the 1.5% charge on the Self-directed pension is then calculated and charged to the portfolio.
There is no layering of charges as a result of investing in internal QUINN-life funds through a QUINN-life Self-directed pension.
If the customer invests in a QUINN-life fund with a charging structure higher than 1.5% (none currently offered) and the calculated charge is higher than 1.5% then the higher charge applies to the portfolio.
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