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Almost everyone in Ireland holds their spare cash in low-return demand accounts, meaning the value of their savings is constantly falling. Alamy Stock Photo
The Daily PollDo you invest?
The Finance Minister said he’s looking at the UK, Sweden, and Canada for inspiration on a new savings scheme.
FINANCE MINISTER SIMON Harris has recently pushed forward the idea of incentivising Irish people to invest, saying Government is examining a new (well, new to us) savings scheme.
Details have been scant, but he did say he is looking at the UK, Sweden, and Canada for inspiration. The Journal’s Paul O’Donoghue has examined the savings schemes available in these jurisdictions that may be mirrored here.
Of course, the main barrier for Irish investors is deemed disposal and the amount of tax owed on any return on investments.
So today we’re asking you: Do you invest or have shares?
Poll Results:
Only through my pension (2341)
I invest through multiple avenues (2129)
No, I can't afford to (2065)
I own shares/stocks in at least one company or corporation (1588)
No, it's not worth it for me (857)
I invest privately (including through property) (552)
I have bonds (257)
have your say