“The numbers joining Ireland’s richest club grew at the slowest rate out of 110 countries in the decade from 2004 – behind growth rates in Spain and Portugal – a new survey shows.” Fiona Reddan, Irish Times

Over the past decade we have seen the least growth in ultra-wealthy out of 100 countries. Low return on low-risk investments is the biggest problem facing investors today. With interest rates at the record low there is no indication of them changing any time soon.

Currently in Ireland investment policies are subject to exit tax (41%). If the policy owner is a company the exit tax is 25%. Some investment institutions deduct this from your policy from withdrawals, surrendering’s, death claims and/or every eight years. If you are no longer an Irish resident you may not have to pay exit tax but you may be subject to the tax rules of the country you are now resident of.

Some tips on choosing an investment provider:

-Review your needs and goals

-Consider how long you can invest for

-Make an investment plan

-Before you choose an investment provider, check its track record and long-term performance.

-Diversify where you can

-Before you choose an investment provider, check its track record and long-term performance.

-Remember that the value of investments and their return can go up and down. Investmenting is a gamble.