Ireland has outlined a new government-backed tax-advantaged savings account that
will allow investments in listed equities, listed bonds and ETFs; derivatives
and crypto will be excluded. Accounts are expected to start early next year;
investment returns will be tax-exempt up to a statutory limit, with a low flat
tax rate applying above that threshold. The account limits and other details
will be published in the October 6 budget. The government said the current 38%
deemed-disposal tax on investment funds will not apply to these accounts. The
measure is part of an EU push to redirect some of roughly €11 tln (about $12.8
tln) in household bank deposits into investment to boost growth and household
wealth.
