Ireland Unveils €50,000 Tax Threshold for New Savings Scheme
First reported 6 Oct, 12:31 UTCUpdated 1d ago4 sources
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Ireland’s new retail savings and investment accounts, aimed at encouraging more people to invest, will have a €50,000 ($56,318) tax-free threshold, Finance Minister Simon Harris announced in the budget Tuesday.
Excerpt from Bloomberg
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The new State-backed investment account will feature a tax-free threshold of €50,000 and will be open on 1 July next year, the Minister for Finance has said.
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- New investment account to have €50k tax-free threshold (opens RTÉ News in a new tab)
The new State-backed investment account will feature a tax-free threshold of €50,000 and will be open on 1 July next year, the Minister for Finance has said.
- Ireland Unveils €50,000 Tax Threshold for New Savings Scheme (opens Bloomberg in a new tab)
Ireland’s new retail savings and investment accounts, aimed at encouraging more people to invest, will have a €50,000 ($56,318) tax-free threshold, Finance Minister Simon Harris announced in the budget Tuesday.
- The new investment scheme is finally announced - and people can put a maximum of €12k a year into it (opens TheJournal.ie in a new tab)
Minister for Finance Simon Harris announced details of the scheme in Budget 2027.
- Ireland’s 2027 budget offers tax break to help people invest savings (opens Politico Europe in a new tab)
The Irish are hoping to woo some of the €170 billion sitting in low-interest deposit accounts into riskier investments with higher returns.
