Ireland to launch tax-free personal investment accounts with €50k allowance in July 2027

During the Budget 2027 presentation, Finance Minister Simon Harris detailed a new personal investment account aimed at broadening participation in Irish savings. The scheme, available from 1 July 2027, permits one account per adult tax resident, allowing contributions of up to €12,000 annually with no lower limit. A €50,000 tax-free threshold is set, and any amount above that incurs a flat 1% tax, a more generous figure than earlier estimates of €20,000.

The account will be exempt from capital gains, dividend withholding, investment undertaking and life-assurance exit taxes, and providers will manage all administrative duties. Investors may allocate funds to shares, bonds and ETFs, and a national financial-literacy programme will be launched to boost confidence in investing.