Plus, queries on combining pensions and insuring an ICF build
ETFs can be a good option, but the tax situation can be complex, and a regular savings plan might be a better fit
Q I was reading your article about personal savings being eaten away by inflation. I have personal savings with my bank and credit union. The money in the credit union is a rainy-day fund and the savings in the bank I use, so I don’t have all my money in my current account. I have a pension, but I would like to make my money work better. I looked into exchange traded funds (ETFs) but the tax part of it confused me. Would you recommend ETFs for someone who just wants to put a bit away every month?
A It is great that you are thinking long term. First, ensure you maintain your liquid emergency fund (ideally at least three months’ salary) before investing, said Sinead Cullen, head of wealth and financial planning with NFP Ireland.
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