The Gazette 1989

GAZETTE

JULY 1989

ance of each fund may be subject to short-term fluctuations so it is best judged over a period of a few years. But past performance may not be a good guide to future pro- spects. The sophisticated investor will also want to look at the mix of investments within each fund. This can vary greatly from one fund to another. The best performing pro- perty funds in recent times have been those which kept a large pro- portion of their money in cash. Per- formance in the future will depend, of course, on how well they time the investment of that money into property. Unit Trusts In addition to the unit linked in- surance funds there are a number of unit trusts proper in Ireland. These operate in much the same way except that there is no ele- ment of insurance involved. The Bank of Ireland got into this area very early on following the passing of legislation in 1973. The other difference is that in some cases the capital gain - if any - is liable for tax at half the standard rate. This need not be a great worry since the tax only applies to real gains i.e. on- ly that portion of your gain which has exceeded inflation. And even then the first £2 , 000 of such gain each year is tax free per individual. •

Bradstock Blunt and Thompson Ltd., consu l t an ts to t he Law So c i e t y 's Mu t u a l De f e n ce Fund Ltd., l aunched in Ma r ch 1 9 8 7 , have n ow es t ab l i shed a c omp a n y, Professional Indemnity Insurance Brokers Ltd. at 3 8 Upr. F i t zwi l l i am S t r ee t, Dub l in 2. Me r l e Dow l i ng, A.C.I.I. has be en a ppo i n t ed as Execu t i ve Director. Me r le has spent n i ne t een yea rs dea l i ng w i t h all c l asses of Professional I ndemn i ty I nsurance, but w i t h par t i cu l ar empha s is on i nsur ance for M emb e rs of t he legal prof ess i on hav i ng been Manag i ng Director of Irish Unde rwr i t i ng Agenc i es Ltd., w h o l aunched t he first s c h eme for M emb e rs in t he early ' 7 0 s .

Irish Assessment and Guidance Service

IAGS

Skerries Medical Centre, Strand Street, Skerries, Co. Dublin. Telephone: (01) 491717, 490420, 490429 Fax: (046) 28852

Psychological, Educational and Career Consultants

IAGS

FOR PROFESSIONAL APPRAISAL OF EDUCATION AND CAREER PROSPECTS IN PERSONAL INJURY CASES

For further details about Amstrad contact: Derek O'Byrne-White Telephone: (01) 259903 or (088) 559975 Special Offer . . . Complete Wordprocessing Package from £990 P i us VAT

It's Compatible with you know who! Priced as only we know how!

O ' B Y R N E - W H I TE OF F I CE S UP P L I ES

Powderlough, Dunshaughlin, Co. Meath. Telephone: 01-259903 - 088 - 559975

2 06