Investing into life company investment funds – illustration
Life companies are the main investment providers in Ireland. Moneycube has relationships with all five of them. (You can also invest directly into funds – more on this here).
The total annual fee is 1.25% of the value of your funds.
That means for every €100 invested using Moneycube, €1.25 is deducted per year in fees to Moneycube and the fund manager.
Of the total annual fee, Moneycube receives 0.5% as commission to cover the cost of our financial advice and investment service. The rest (i.e. 0.75%) is the fund manager’s fee. This is charged by the manager of the investment fund for managing your investments.
0.50% + 0.75% = 1.25%
- Certain specialist funds may charge more than 0.75%, but for the vast majority of investors, this is the cost (we’ll always let you know if we’re recommending something different).
- This is based on an allocation rate of 100%. That means that for every €100 invested, €100 is used (allocated) to buy units in the selected fund.
- There is a government levy of 1% on all payments into savings plans which are structured as life assurance policies. This is a one-off government charge, not a recurring fee.
You can read in more detail on Moneycube’s fees here.
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