What is the difference between Qred's preferred shares and a savings account?
There are many similarities between a savings account and Qred's preference shares
- Both provide a fixed return. The difference is that the dividend on Qred's preference share is 7.0% paid monthly, which corresponds to an effective annual interest rate of approximately 7.2>#/li ###
What distinguishes is:
- The tax on dividends on preference shares is lower than on interest on savings account (25% instead of 30% for private individuals and 0% corporation tax instead of 22% for limited liability companies)
- Unlike low-interest bank accounts, Qred's investment account is not covered by a government deposit guarantee.
- The Board of Directors reserves the right to decide on the redemption of preference shares.