Investment returns earned in the CCSS element of a SAYE scheme are:

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Prepare for the Qualified Financial Adviser Exam 2 with flashcards and multiple choice questions, complete with hints and explanations. Get exam-ready and increase your confidence with our comprehensive study materials!

Multiple Choice

Investment returns earned in the CCSS element of a SAYE scheme are:

Explanation:
The CCSS portion of a SAYE scheme is a savings component, not a bank deposit. DIRT applies to deposit interest from bank accounts, so these CCSS returns aren’t charged DIRT. However, the returns are still taxable under income tax (and may involve USC/PRSI), since they come from investment activity rather than ordinary bank interest. So the investment returns earned in the CCSS element are taxable, but not liable to DIRT.

The CCSS portion of a SAYE scheme is a savings component, not a bank deposit. DIRT applies to deposit interest from bank accounts, so these CCSS returns aren’t charged DIRT. However, the returns are still taxable under income tax (and may involve USC/PRSI), since they come from investment activity rather than ordinary bank interest. So the investment returns earned in the CCSS element are taxable, but not liable to DIRT.

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