Comments on: Should I cash in my Policy? http://blog.redoaktaxrefunds.ie/should-i-cash-in-my-policy/ Latest News on Income Tax, Tax Refunds and money matters in Ireland Sun, 05 Feb 2012 12:09:36 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: John O'Connor http://blog.redoaktaxrefunds.ie/should-i-cash-in-my-policy/comment-page-1/#comment-193 John O'Connor Thu, 08 Oct 2009 15:42:47 +0000 http://blog.redoaktaxrefunds.ie/?p=373#comment-193 Well done to Standard Life. I made the phone call to them just now and within 2 mins flat they have agreed a price and arranged to pay the money into my account within 5 working days. I was so sure that was going to take mounds of paper and time to complete! Well done to Standard Life. I made the phone call to them just now and within 2 mins flat they have agreed a price and arranged to pay the money into my account within 5 working days.

I was so sure that was going to take mounds of paper and time to complete!

]]> By: John O'Connor http://blog.redoaktaxrefunds.ie/should-i-cash-in-my-policy/comment-page-1/#comment-163 John O'Connor Tue, 22 Sep 2009 12:00:34 +0000 http://blog.redoaktaxrefunds.ie/?p=373#comment-163 Hi Cian, Great feedback - thanks. The crux of my assesment really is dissatisfaction with inv manager performance to date and the desire to get the windows done. But you are very right in considering that you could perhaps get similar returns through managing your own investments. the environmentally friendly argument is also something I didn't take into account, but is a very valid consideration. Hi Cian,
Great feedback – thanks.

The crux of my assesment really is dissatisfaction with inv manager performance to date and the desire to get the windows done.

But you are very right in considering that you could perhaps get similar returns through managing your own investments.

the environmentally friendly argument is also something I didn’t take into account, but is a very valid consideration.

]]> By: Cian http://blog.redoaktaxrefunds.ie/should-i-cash-in-my-policy/comment-page-1/#comment-162 Cian Tue, 22 Sep 2009 10:32:36 +0000 http://blog.redoaktaxrefunds.ie/?p=373#comment-162 There are so many variables to take into account not limited to 1. The expected savings in the heating bill if you were to do the windows now. 2. How happy are you with the Investment Managers and their portfolio choice? 3. How Risk adverse are you at the moment? 4. The Environmental Cost of not getting the windows done! - It would be nice to see a value put on that. 5. If you do not get new windows how likely are you to get them in the near future? Personally I might try to get a good deal on the windows and get them done. But if I were to do this, it would be important to take on another regular savings plan (and perhaps up the contribution even if only a little). This does not need to be in a similar fund. One might like to consider one of the Regular Savings accounts which most banks etc. seem to offer these days. Or if you decide that you might put off the windows for a year, you could still cash it in and look for a recent rate from Anglo Irish Bank (~3.1-3.8%)etc. or a combination of them and Halifax (7% on balances in your current account up to 2000). But of course you still need to get a new Regular Savings/Investment a/c too. There are so many variables to take into account not limited to
1. The expected savings in the heating bill if you were to do the windows now.
2. How happy are you with the Investment Managers and their portfolio choice?
3. How Risk adverse are you at the moment?
4. The Environmental Cost of not getting the windows done! – It would be nice to see a value put on that.
5. If you do not get new windows how likely are you to get them in the near future?

Personally I might try to get a good deal on the windows and get them done. But if I were to do this, it would be important to take on another regular savings plan (and perhaps up the contribution even if only a little). This does not need to be in a similar fund. One might like to consider one of the Regular Savings accounts which most banks etc. seem to offer these days.

Or if you decide that you might put off the windows for a year, you could still cash it in and look for a recent rate from Anglo Irish Bank (~3.1-3.8%)etc. or a combination of them and Halifax (7% on balances in your current account up to 2000). But of course you still need to get a new Regular Savings/Investment a/c too.

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